Economy

Tabish Gauhar’s Resignation – Here’s What You Should Know

Earlier today, Special Assistant to Prime Minister on Power and Petroleum, Tabish Gauhar, had resigned from his post.Gauhar confirmed his resignation in a tweet, saying that he had decided to return to his family, following a year of his public service…

Economy

Chinese Companies Want to Invest $15 Billion in Pakistan: Secretary Board of Investment

Chinese companies are set to invest $15 billion in Pakistan’s petrochemical industry, Federal Secretary Board of Investment (BOI) Fareena Mazhar has revealed.Speaking with the associated press of Pakistan (APP), Secretary BOI said that a large part of …

Economy

Fitch Predicts Pakistan’s Economic Recovery to Continue in FY2021-22

Fitch Solutions maintained its forecast for the Pakistani economy to record real GDP growth of 4.2 percent in the fiscal year 2021-22, up from 3.9 percent in the fiscal year 2020-21.“We note that improving vaccination rates will buoy private consumptio…

Economy

China to invest $15 bln in Pakistan’s petrochemicals sector

Chinese companies have expressed their readiness to invest fifteen billion dollars in Pakistan’s petrochemicals sector.This was stated by Federal Secretary Board of Investment, Fareeha Mazhar while talking to APP in Islamabad today [Sunday].She said th…

Economy

NOCs being issued for new cement factories: Buzdar

Punjab Chief Minister Sardar Usman Buzdar says ten cement factories have been established and twenty two NOCs are being issued for establishment of new cement factories in Punjab.In a statement issued in Lahore on Saturday, Usman Buzdar said new cement…

Economy

Rupee Maintains Position Against the US Dollar as Markets Calm Following SBP Warning

The Pakistani rupee (PKR) depreciated by one paisa against the US dollar (USD) on Friday to close at 168.19.Yesterday, it recovered from the record low of September 15 and gained 94 paisas in the inter-bank market to close at Rs. 168.18.On September 15…