Home
 

Today is,

Saturday, 01 November 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
UNSC slams ongoing violence targeting civilians in Syria -
UNITED NATIONS, Nov 1 (APP): “Outraged” by the violence directed against civilians in Syria, including the reported dropping of barrel bombs on a displaced persons camp in the war-torn country’s northern region,  the Security Council Friday evening strongly condemned such acts, and reminded all the parties of their international legal obligations to protect civilians.


UN Security Council condemns Islamic State murder of Iraqi Sunni tribesmen -
UNITED NATIONS, Nov 1 (APP): The UN Security Council has strongly condemned the kidnapping and murder by Islamic State terrorists of scores of Sunni tribesmen whose bodies were found in mass graves in Iraq’s Anbar province, and urged the world to unite in a common effort to defeat the group and stamp out the violence and hatred it espouses.


Sartaj Aziz meets Iranian Foreign Minister Javad Zarif -
BEIJING, Oct 31 (APP): Pakistan’s Adviser to Prime Minister on National Security and Foreign Affairs Sartaj Aziz Friday met with the Iranian Foreign Minister Javad Zarif here on the sidelines of the Heart of Asia-Istanbul Process conference hosted by China.


US Administration okays sale of 8 Global Response Cutters to Pakistan for coastal security -
WASHINGTON, Oct 31 (APP): The State Department has made a determination approving a possible Foreign Military Sale to Pakistan for GRC43M Cutters and associated equipment, parts, training and logistical support for an estimated cost of $350 million.


Sartaj Aziz meets Podesta on sidelines of Istanbul Process -
BEIJING, Oct 31 (APP): Adviser to Prime Minister on National Security and Foreign Affairs Sartaj Aziz met with US Adviser to the President, John Podesta here Friday on the sidelines of the 4th ministerial conference of the Istanbul Process on Afghanistan hosted by China.


Sport News
PN wins Inter Service Sailing Championship-2014
KARACHI, Oct. 31 (APP): Pakistan Navy has won the Inter Services Sailing Championship- 2014 held here at Sea Survival School PAF Base, Korangi Creek. 
 
Anwar to lead Pakistan ďAĒ team vs NZ
KARACHI, Oct 30 (APP): Two Karachi players Saad Ali and Junaid Ilyas were picked in Pakistan ‘A’ squad to play 3-day games against New Zealand at Sharjah from November 3-5, Pakistan Cricket Board announced on Thursday.
 
Nauman, Irfan dismiss Hyderabad for 213 in QAT Silver League
KARACHI, Oct. 30 (APP)- Lanky Pakistan fast bowler Muhammad Irfan and Nuaman Ali took three wickets each as Hyderabad Hawaks were bowled out for 123 in their first innings on first day of their 4-day Quaid-e-Azam Cricket Trophy Silver League match against Khan Research Labortories  at Niaz Stadium , Hyderabad on Thursday.
 
Fiery Waqas, Bhutta shoot out Karachi Dolphins for 80 in Quaid Trophy
KARACHI, Oct. 30 (APP)- Pace duo of Waqas Maqsood and Muhammad Ali Bhutta shared ten wickets between them to shoot out Karachi Dolphins for 96 and then WAPDA consolidated their position by reaching 148-3 in their first innings on the opening day of their 4-day Quaid-Azam Cricket Trophy Gold League at National Stadium on Thursday. 
 
28 players report at National Hockey camp
KARACHI, Oct. 29 (APP)- As many as twenty eight players reported for National Hokey camp in preparations for Champions Trophy which commenced at Hockey Club of Pakistan Stadium from Wednesday.
 
Archive
Latest News
Justice Khawaja takes oath as Acting CJ - Pakistan pursuing a policy of peaceful relations: Pak envoy - PMís directive: Establishment Division issues recruitment policy - Decrease in petroleum prices would bring positive impact on masses:S... - Imported LNG will bring happiness in peopleís life - 3 injured as training plane crashes at Islamabad Airport
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.
 

kashmir black day

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