Home
 

Today is,

Sunday, 31 August 2014

 

Home | About Us | News | User Login | Jobs | Contact Us | Tender Notices
Untitled Document
Main Menu
Home
News
Blog
Links
Search
Contacts
Seniority List
News Section
National
World
Sport
Business
Forex
Weather
Articles & Features
World News
Detained peacekeepers in Golan safe and in good health: UN -
UNITED NATIONS, Aug 30 (APP): The United Nations said on Friday that it has received assurances from credible sources that the 44 peacekeepers who were taken from their positions in the Golan Thursday are safe and in good health.


Syrian refugees top 3 million: UN -
UNITED NATIONS, Aug 29 (APP): More than three million people have fled Syria's civil war, the United Nations' refugee agency (UNHCR) said Friday as the three-year exodus showed no sign of slowing.


UN peacekeepers detained by armed group amid fighting in Golan Heights -
UNITED NATIONS, Aug 28 (APP): Fortythree United Nations peacekeepers serving in the Golan Heights were detained this morning amid increased fighting in the area between Syrian Government forces and armed elements, the U.N. said Thurday.


Ban alarmed by “dangerous escalation” in Ukraine crisis; UNSC holds emergency talks -
UNITED NATIONS, Aug 28 (APP): UN Secretary-General Ban Ki-moon said Thursday he is alarmed by what seems to be a “dangerous escalation” in the crisis in Ukraine with reports that the fighting in the eastern part of the country has spread near the border with Russia.


President arrives Turkey to attend Presidential handover ceremony -
11.jpg ANKARA, Aug 28 (APP): President Mamnoon Hussain Thursday arrived here on a two-day official visit to Turkey to represent Pakistan at the Presidential handover ceremony for President-elect Recep Tayyip Erdogan.



Sport News
FATA full of cricket talent: M. Akram
PESHAWAR, Aug 30 (APP): Former Pakistan fast bowler Mohammad Akram Saturday said that FATA is full of cricket talent and if provided due chances to the upcoming lot they would certainly become the future stars of cricket.
 
Table Tennis Championship to prove a good omen: IPC Minister
ISLAMABAD AUGUST 29 (APP): Federal Minister for Inter Provincial Coordination (IPC), Mian Riaz Hussain Pirzada has said the South Asian Cadet and Junior Table Tennis Championship played here at Rodam Hall would prove as good omen in holding other sport activities saying by seeing this other countries would feel confident in sending their teams to Pakistan.
 
Hamza shock top seed Nofil to reach tennis semis
KARACHI, Aug 29 (APP): Hamza Malik pulled off a shock when defeated top seed and junior international Nofil Kaleem 2-0 to storm into the Under-18 semifinals of second Indus Pharma Seniors and Junior Ranking Tennis Championship after easy victories at Karachi Club here on Friday.
 
National Junior Swimming Championship in Sept: Asif
PESHAWAR, Aug 29 (APP): National Junior Age Group Swimming Championship at Adil Khan Swimming Pool, Qayyum Sports Complex, will be held in September this year, Secretary General Khyber Pakhtunkhwa Swimming Association Asif Orakzai told APP here on Friday.
 
Nasir to clash with Danish in Memorial International Squash final
PESHAWAR, Aug 27 (APP): Top seeded Pakistan No. 1 Nasir Iqbal will clash with Danish Atlas in the final of the 10,000 US $ Hashim Khan Memorial Pakistan International Squash Circuit-II Championship being played here at PAF Squash Complex on Wednesday.
 
Archive
Latest News
Kirmani rules out PM’s resignation - PM’s resignation, leave out of question; Spokesman - Govt wants negotiated settlement of PTI, PAT issues: Saad - All constitutional demands have been accepted: Ahsan Iqbal - Only 26 political parties submit asset returns to ECP - Govt determined to provide healthcare facilities to common man: Shah...
Pakistan’s 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.
 

     

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
Independence Day News
Independence Day News
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