Most investors have parked their savings in risk-free money market and income funds through mutual fund companies, keeping their investment notably low in the riskier Pakistan Stock Exchange (PSX). This is despite the fact that the bourse has outperformed all assets, offering a historically high return on investment of 90% in the first 11 months of the outgoing fiscal year 2023-24. The money ma
Businessmen have welcomed the announcement from the United Arab Emirates (UAE) of a $10 billion investment in Pakistan’s promising economic sectors. Talking to APP on Tuesday, Pakistan Business Forum (PBF) President Khawaja Mehboobur Rehman commended the UAE’s development journey and emphasised Pakistan’s commitment to strengthening its friendship with the Gulf Arab nation and expanding coopera
International Creative Exchange (ICE) Chairman Attaul Karim on Tuesday said that tourism and education were important sectors for promoting the “creative economy” and connecting Pakistan with the trillion-dollar Indonesian economy. “ICE’s vision includes promoting the concept of creative economy, connecting Pakistan with modern and innovative economies including Indonesia, bringing investment i
Prime Minister Shehbaz Sharif, assuring all-out facilitation by his government, invited Chinese companies, particularly those in the textile sector, to establish their industry in Pakistan. The prime minister, chairing a meeting to discuss the promotion of Pakistan-China cooperation, highlighted that China is a key partner in Pakistan’s development. Pakistan aims to enhance cooperation with Chi
British American Tobacco on Tuesday warned it may pull out investment from Pakistan if the government further increases taxes on cigarettes in the budget, stating that existing taxation has already caused a 38% slump in sales and increased the size of the illicit sector to 58%. The company conveyed its concerns about the shrinking regulated tobacco sector and the growing illicit cigarette marke