Shell Pakistan has recently announced a significant development in its operations. The international unit of its parent company, Shell Petroleum Company, has entered into an agreement with Wafi Energy to divest its domestic operations in Pakistan. This divestiture is expected to be finalized by ...

Egyptian billionaire Naguib Sawiris is exploring opportunities to expand his business in Pakistan, with a particular interest in investing in Barrick Gold Corp.'s ambitious $7 billion Reko Diq copper-gold project, as reported by Bloomberg. In a recent interview, Sawiris expressed his advantage over ...

In the meeting of the ISI FC Apex Committee, Army Chief General Syed Asim Munir proposed special participation, which includes incorporating the council's actions into a five-year plan. According to reports, the Apex Committee has expressed determination to make conditions conducive for foreign ...

In August, Pakistan saw a substantial increase in foreign direct investment (FDI), with an inflow of $146.1 million, representing a noteworthy surge of 15.4% compared to the $126.6 million recorded in August 2022. This surge in FDI is a promising sign for the country's economic prospects, ...

Caretaker Prime Minister Anwaarul Haq Kakar expressed the Pakistani government's optimism regarding potential investments from Saudi Arabia. This positive outlook stems from discussions between Crown Prince Mohammad Bin Salman of Saudi Arabia and Pakistan's Chief of Army Staff. During an ...

The volume of Foreign Direct Investment (FDI) in Pakistan has contracted by 48% in the first five months of the fiscal year as Pakistan the the economic challenges of the country. As per the latest data shared by the State Bank of Pakistan, Foreign Direct Investment (FDI) data of last five months ...

ISLAMABAD/RIYADH – Pakistan’s time-tested friend, Saudi Arabia announced to invest $1 billion in the South Asian country to support its dilapidating economy. A statement issued by Saudi Press Agency said the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud directed to ...

KARACHI: Foreign investment in Pakistan’s equities has declined by 83 percent to an estimated $1.4 billion since 2016, a recent study by a leading Pakistani brokerage house suggested on Monday, with financial experts attributing it to persistent economic and political instability and a US ...

KARACHI - China and Pakistan�s partnership in renewables will be very helpful in fast conversion to green energy as latter has huge potential and can benefit a lot from technology and expertise of China. More Chinese companies are ready to operate here in energy sector, mainly in renewables, ...

ISLAMABAD - Pakistan and Saudi Arabia on Thursday discussed the bilateral investment opportunities and also prospects for new investment in different potential sectors. Minister of State and Chairman Board of Investment (BOI) Pakistan, Muhammad Azfar Ahsan had a detailed meeting with Saudi ...