Home
 

Today is,

Monday, 31 August 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
Cultural
Weather
Articles & Features
World News
Chinese funding to help IPU support new development agenda -
UNITED NATIONS, Aug 31 (APP): The Inter-Parliamentary Union (IPU) has welcomed the decision by China to provide US $ 1.5 million in new funding to the Organization in its work to strengthen parliaments and better prepare them for the implementation of the new sustainable development agenda.


Global parliamentary summit opens at UN today; Pakistan delegation arrives -
UNITED NATIONS, Aug 31 (APP): Speakers of Parliament from around the world begin a four-day conference at UN Headquarters in New York later today to examine ways to effectively tackle global challenges to peace and democracy.


UN Security Council condemns sexual violence as 'tactic of war' in Iraq and Syria -
UNITED NATION, Aug 29 (APP): The United Nations Security Council has condemned the use of sexual violence, in particular sexual enslavement and sexual violence related to or resulting from forced marriage, committee, including as a tactic of war, in Syria and Iraq, and urged all parties to armed conflict to take all feasible steps to protect civilians from such abhorrent acts.


More than 300,000 make perilous Mediterranean crossing in 2015 - UN -
UNITED NATIONS, Aug 29 (APP):  The number of refugees and migrants crossing the Mediterranean to reach Europe has surpassed 300,000 this year, up from 219,000 during the whole of 2014, the United Nations refugee agency said Friday.


UN urges all states to sign, ratify Nuclear Test Ban as 'critical step on road to nuclear-free world -
UNITED NATIONS, Aug 28 (APP):  United Nations Secretary-General Ban Ki-moon has welcomed voluntary moratoria on testing imposed by nuclear-armed states but stressed that these cannot substitute for a legally-binding treaty.


Sport News
Ajmal ready to make a come back in national T-20 tournament ISLAMABAD, Aug 31 (APP): Pakista
ISLAMABAD, Aug 31 (APP): Pakistan's top spinner Saeed Ajmal has said that he was all ready to bowl for Pakistan once again in the National Twenty20 Championship next month.
 
National T20 at Rawalpindi from Tuesday
RAWALPINDI, Aug 30 (APP): Pakistan Cricket Board (PCB) on Sunday launched the Cool & Cool presents Haier Q8 Twenty-20 Cup 2015-16 at the Pindi Cricket Stadium here.
 
Tennis coaching camp concludes
ISLAMABAD, Aug 30 (APP): Asian Tennis Federation had sent a qualified Tennis coach Axe Mansaman of Thailand to impart coaching and modern games techniques to some 22 junior players in the camp at POF Wah tennis courts.
 
Pakistan to participate in Asian Women Netball
ISLAMABAD, Aug 30 (APP): Pakistan will be participating in the Asian Women Netball Championship to be staged in Hong Kong from December 12.
 
Pakistan to chip in Asian Baseball Championship
ISLAMABAD, Aug 30 (APP): Pakistan will be participating in the Asian Baseball Championship to be staged in Taiwan from September 16.
 
Archive
Latest News
Finance Minister chairs 5th meeting of Committee on ITTMS - Reforms key to country\'s progress: Ahsan Iqbal - Pakistan economy witnessing a turnaround: PM - Sartaj urges international community to devise strategy against viol... - Pakistan upgrades Jinnah Computer Center in Colombo - New PMDC legislation to improve medical education: Saira Afzal ...
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.
 
defenceday.jpg
weather-news.png
China News
News About China
Cultural News
Cultural News

 

Budget 2015-2016
Federal Budget
Budget Highlights
Punjab Budget
Sindh Budget
KPK Budget
Balochistan Budget
A.J.K Budget
Gilgit Baltistan
Grievance Commissioner Wafaqi Mohtasib
Grievance Commissioner Wafaqi Mohtasib
Elections 2013
Elections 2013 News
Code of Conduct
Code of Conduct
Manifestos of Parties
Manifestos of Political Parties
Economic Survey
Economic Survey 2014-2015
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