PTA renews CMPak license in AJK & GB
Pakistan Telecommunication Authority (PTA) has renewed the cellular mobile license of CMPak (Zong) for Azad Jammu Kashmir (AJK) and Gilgit-Baltistan (GB) to continue/expand its next generation mobile services (NGMS) in the region. PTA has received 50% of the total prescribed license renewal fee of USD 17.5 million i.e Rs 1.87 Billion (equivalent to USD 8.76…
Adil Aziz
Pakistan’s exports to china in first seven months increase by nearly 12%
Pakistan’s export to China crossed US $2.190 billion in the first seven months this year, up 11.14 percent on year-on-year, shows the official data from the General Administration of Customs of the People’s Republic of China (GACC). Ghulam Qadir, Commercial Counsellor at the Pakistani Embassy in China, told China Economic Net that Pakistan’s exports to…
Fan’s export surge by 16.19% in July fiscal year 2022-23
The export of fans witnessed an increase of 16.19 percent during the first month of current fiscal year, against the exports of the corresponding period of last year. The country exported fans worth US$2.684 million during July 2022 against the exports of US$2.310 million during July 2021, showing a growth of 16.19 percent. Meanwhile, on…
Regional Connectivity for Future Bonding will be discussed at the ‘Thought Leaders Dialogue’
CORPORATE PAKISTAN GROUP and Nutshell Group bring yet another groundbreaking event – Thought Leaders Dialogue – Pakistan: the Next Great Infrastructure Connector. The event will be held in Islamabad at a local hotel. Ambassador Ali Jahangir Siddiqui (Former Ambassador of Pakistan to the USA) will be presenting the keynote address on the theme of the…
Gohar Ejaz Group sweeps APTMA polls
Dr Gohar Ejaz Group has swept the All Pakistan Textile Mills Association (APTMA) Annual Elections for 2022/23 for the 14th consecutive year. In a press conference at the APTMA House, Lahore addressed by Dr Gohar Ejaz, patron-in-chief of APTMA, Raza Baqir, secretary general, announcing the election results declared that Rehman Naseem, Zahid Rasheed Khawja, Syed…
InfraZamin and HBL facilitates Multinet for greater digital reach and transmission across Pakistan
HBL will provide Multinet with 7-year long-term funding of PKR 2.1 billion (US$10.1 million) for its ‘Digital Infrastructure Facility’ backed by a PKR 1.57 billion (US$7.6 million) credit risk guarantee by InfraZamin Pakistan to bolster fibre optic network for greater digital reach and transmission across Pakistan. InfraZamin Pakistan’s partial credit risk guarantee cover of PKR…
SECP proposes revamping of REITs Regulatory Framework
The Securities and Exchange Commission of Pakistan (SECP) has published a concept paper titled “Review of Landscape & Revamping Framework-REITs” for soliciting public comments. It provides a glance at Real Estate Investment Trusts (REITs) Industry and covers proposed amendment(s) in the REITs regulatory framework. The aim of proposed regulatory amendments is to introduce new REIT…
Pakistan an attractive destination for foreign investment: PM
Prime Minister Shehbaz Sharif on Monday said Pakistan attached great importance to its relations with Finland and desired cooperation in diverse fields. The prime minister expressed these views in a meeting with Ulla-Maija Rantapuska, Investment Manager, Finnfund, Finland, accompanied by Wille Eerola, Honorary Consul General of Pakistan for Finland. Mentioning the business-friendly policies adopted by…
Pakistan earns US $809 million by exporting transport services during FY 2022
Pakistan earned US $809.740 million by providing different transport services in various countries during the twelve months of fiscal year (2021-22) as compared to the corresponding period last year. This shows growth of 48.84 percent as compared to US $544.040 million earned through provision of services during the corresponding period of last fiscal year (2020-21),…
Traders need to tap $3 trillion ASEAN market: RCCI
Thailand can significantly provide economic and trade opportunities to Pakistan by connecting it with the ASEAN (Association of Southeast Asian Nations) market. The speakers expressed these views on the occasion of the 34th Achievement Awards ceremony and conference organized by the Rawalpindi Chamber of Commerce and Industry (RCCI) in Bangkok, Thailand, said a statement issued…