A Chinese business delegation met with President Asif Ali Zardari in Karachi on Thursday and expressed interest in investing $1 billion in a medical city, as well as in diverse sectors of the economy. Pakistan has held strong bilateral relations with China which has supported it through many investments and development projects such as the China-Pakistan Economic Corridor project which was term
Finance Minister Muhammad Aurangzeb has said that the economic challenges have been effectively addressed, and the country is on the right path to achieving stability. Virtually addressing the inaugural session of the Second International Islamic Capital Markets Conference & Expo on Thursday, the finance minister said Pakistan had faced significant economic challenges, which were effectively ad
Commerce Minister Jam Kamal has proposed the creation of a post of “director general for security” within the trade promotion organisation to oversee security protocols for high-profile events. The minister made the proposal during the Trade Development Authority’s board meeting on Thursday. The meeting, attended by TDAP Chairman Zubair Motiwala and key board members, covered an extensive 14-po
The European Central Bank cut interest rates for the fourth time this year on Thursday and kept the door open to more easing as the euro zone economy is dragged down by political instability at home and the threat of a fresh US trade war. The ECB has been easing policy quickly for months as inflation worries have largely evaporated. The debate is now shifting to whether it is cutting rates fast
The government has yet to appoint any financial adviser for three power distribution companies (Discos) and two generation companies (Gencos) selected for the first round of privatisation. The Power Division disclosed this before the Senate Standing Committee on Power which expressed displeasure over the absence of Power Minister Awais Leghari and Secretary Power Dr Fakhre Alam despite prior co