Home
 

Today is,

Monday, 25 May 2015

 

Home | About Us | News | User Login | Jobs | Employees | Contact Us | Tender Notices
Untitled Document
Main Menu
Home
News
Blog
Links
Search
Contacts
News Section
National
World
Sport
Business
Forex
Weather
Articles & Features
World News
US Senate blocks extension of Patriot Act -
WASHINGTON, May 23 (APP): The United States Senate early Saturday rejected the extension of the Patriot Act, which was enacted in 2001 to help the government in preventing future terrorist attacks.


UN to recognize peacekeepers service in world's hot spots; five Pakistanis to get posthumous awards -
UNITED NATIONS, May 23 (APP): The United Nations is set to honour at a solemn ceremony next week the sacrifices of more than one hundred peacekeepers, including five Pakistanis, who paid the ultimate price in serving the cause of peace in hot spots around the world last year.


Modest global economic growth set to continue for rest of year: UN report -
UNITED NATIONS, May 23 (APP):  A new United Nations report released Friday says that modest paced global economic growth continues, and predicts a gradual improvement in the situation over the second half of 2015 and into next year.


UN chief strongly condemns terrorist attack on mosque in Saudi Arabia -
UNITED NATIONS, May 22 (APP): UN Secretary-General Ban Ki-moon has condemned "in the strongest terms" Friday's terrorist attack targeting a Shia mosque in the town of al-Qudaih in the Eastern Province of the Kingdom of Saudi Arabia, and  called for bringing the culprits to justice.



UN official calls for 'converting commitments to kilowatts' for people without electricity -
NEW YORK, May 22 (APP):  More than a billion people - one  in five globally - lack electricity to light their homes  or conduct business, according to a World Bank report. 


Sport News
Misbah hopes return of Test cricket in home ground
ISLAMABAD, May 25 (APP): Pakistan captain Misbah-ul-Haq has expressed  his desire to captain his team in a Test match on home soil before his retirement.

 
Army clinch National Netball Championship
ISLAMABAD, May 24 (APP): Pakistan Army beat Army 31-29 in a nail-biting final to clinch the 54th National Men Netball Championship title here at Hamidi Hall, Pakistan Sports Complex on Sunday.

 
Arrangments reviewed at Gaddafi stadium
LAHORE, May 24 (APP): Pakistan Cricket Board (PCB) officials on Sunday reviewed the arrangements at the Gaddafi stadium before beginning of second T-20I.
 
Second entrance point opened for spectators
LAHORE, May 24 (APP): A second entrance point has been opened to facilitate the cricket spectators before the start of second T-20 match between Pakistan and Zimbabwe.
 
National Ranking Tennis Championship from May 27
ISLAMABAD, May 22 (APP): Pakistan Tennis Federation (PTF) will organize the third edition of PTF Development Series National Ranking Tennis T-III Championship from May 27 at the Clay Courts of the PTF Complex here.
 
Archive
Latest News
Sartaj, Haysom discuss Pak-Afghan relations - CPEC to help spur economic growth, of country: Ahsan Iqbal - Pakistan hosts senior officials meeting of ĎHeart of Asia-Istanbul P... - Cultural bonds guarantee deep, cordial ties between countries: Perva... - PM concerned over law and order situation in Daska - PM, Army Chief discuss internal, external security
Pakistanís strong economic indicators, attractive for foreign investment in power, oil sectors PDF Print E-mail
By Shumaila Andleeb

TIANJIN, China, Sept 12 (APP): Prime Minister Raja Pervez Ashraf on Wednesday, mentioning Pakistan’s strong economic indicators, said the country was an attractive zone for foreign investment, particularly in power, oil and gas exploration and infrastructure development sectors. The Prime Minister expressed these views while leading  a discussion of the Business Interaction Group on Pakistan at the Meijiang Convention Centre - the venue of ongoing World Economic Forum’s Annual Meeting of New Champions. Dilating upon Pakistan’s macro-economic stability and liberal investment policy, the Prime Minister said country’s economic consistency, openness and predictability in policies were vital factors in providing foreign businessmen an enabling environment for their investment.

He said his government was committed to facilitation of business, reforms and deregulation in pursuance of its economic philosophy.
He mentioned Pakistan’s strategic location next to three important regions - South, Central and West Asia, that provided a shortest access to the energy-rich and fast developing Central and Western Asia.
He said for the economic world, the country could prove a bridge, linking to multiple corridors of cooperation in energy, trade, investment, transportation and tourism.
Prime Minister Ashraf said due to macro-economic stability, the country’s economy was expected to grow by over four percent this year. He said country’s banking sector had withstood the global financial crisis of 2008 with the help of its exports that grew by 30 percent in 2011.
On liberal investment policy, he said all sectors of economy were open to Foreign Direct Investment (FDI). In addition, there was no restriction on equity as foreigners were permitted hundred percent foreign equity, statutory protection, and high rates of return accrued to investment.
He said there were institutional safeguards provided in the system like Competitive Commission, the Security and Exchange Commission and Central Bank. He said Pakistan had a non-discriminatory investment policy for all countries.
The Prime Minister said Pakistan was a country of 180 million with a growing middle class and an increasing demand for goods and services. He mentioned that abundant and unexploited natural resources including coal, oil, gas, water and irrigation systems and minerals had great potential of exploration.
He said investment in power sector could be made in the areas of solar, wind, renewable energy, solar tubewells, hydro and thermal power generation. He said opportunities also existed in modernization and refurbishment of ports and railways. He informed the Business Group that a Korean company had shown interest in constructing a 300 mega watt solar power plant in Balochistan.
He said recently an upfront tariff had been determined for solar energy plants which would help the investors.
To a question, the Prime Minister said Pakistan was working to have good relations with India including trade ties. He mentioned the recent visit of Indian External Affairs Minister S.M Krishna to Pakistan and the discussions carried out on easing the visa regime and cooperation in agriculture sector.
Regarding facilitating the overseas Pakistanis, Raja Ashraf said their confidence in the country was reflected through increase in remittances.
Finance Minister Dr Abdul Hafeez Sheikh said the middle class expatriates could benefit from investment in stock exchange.  He said an investment fund was being set up for expatriates. He said housing schemes had been launched to attract investment from expatriates.
There were also a few questions about increasing cultural exchanges with India to which the Prime Minister mentioned a recent agreement. He said relations with India were being improved step-by-step in a positive way.
 
China News
News About China

 

Grievance Commissioner Wafaqi Mohtasib
Grievance Commissioner Wafaqi Mohtasib
Budget 2014-2015
Federal Budget
Highlights 2014-2015
Punjab Budget
Sindh Budget
KPK Budget
Balochistan Budget
A.J.K Budget
Gilgit Baltistan Budget
Elections 2013
Elections 2013 News
Code of Conduct
Code of Conduct
Manifestos of Parties
Manifestos of Political Parties
Economic Survey
Economic Survey 2013-2014
Presidential address to the joint sitting of parliament
Presidential address to the joint sitting of parliament
Profiles
Profile of the President
Profile of Prime Minister
Profiles of Chairman and deputy Chairman Senate
Profiles of Speakers and Deputy Speakers
Profile of Governors
Profiles of Chief Ministers
Profiles of Federal Ministers
Portfolios of Federal Ministers
Portfolios of Provincial Ministers
Parlimentary Proceedings
National Assembly
Senate
Latest News