Pakistan News

    Advantages For Multinational Companies In Pakistan

  • Multinational pharmaceutical companies dodging taxes: report

    ISLAMABAD: A recent report has confirmed years of allegations by local manufacturers of medicines that multinationals not only sell drugs at exorbitant rates but also avoid taxes and are involved in the flight of money in Pakistan and other countries...

    In a report, Prescription for Poverty, Oxfam has claimed that the world’s biggest pharmaceutical companies appeared to be dodging an estimated $3...

  • Multinational firm offers internships to 160 students

    ISLAMABAD: A leading communication technology company offered 160 students across Pakistan a three-month internship...

    Higher Education Commission (HEC) Chairman Dr Mukhtar Ahmed hailed Huawei’s initiative and urged other leading national and multinational companies to provide maximum chances to educated young people...

  • Multinational drug maker denies exit ‘rumours’

    KARACHI: After the exit of four multinational pharmaceuticals companies from Pakistan in the last two years, the market is abuzz with rumours about departure of another foreign drug giant...

    When contacted people who follow drug market closely said US-based company Pfizer has already started offloading employees, trimming marketing drive and has suspended introduction of new drugs in Pakistan...

  • Gen Raheel lauds Turkey for successfully conducting multinational military exercises

    ISLAMABAD: Army Chief General Raheel Sharif, who is in Turkey on special invitation by the Turkish government, witnessed the multinational military exercises EFES-2016 and appreciated the Turkish armed forces for an outstanding conduct of the exercise of such magnitude and scope, military’s media wing said...

    Turkish President Recep Tayyip Erdo?an held a separate meeting with Gen Raheel and thanked him for Pakistan's participation and...

  • Multinational naval exercise begins today

    KARACHI: Naval platforms of nine countries participating in Pakistan Navy’s multinational exercise Aman-2017 arrived here on Thursday...

    The exercise formally beginning from Friday morning is the fifth such exercise in which 37 countries, including Pakistan, will take part...

  • ‘Multinational cigarette manufacturers targeting children’

    ISLAMABAD: Civil rights activists and parliamentarians on Thursday expressed concerns that multinational cigarette manufacturing companies were systematically targeting children as young as six years of age by using aggressive marketing techniques...

    They were speaking at the launch of a report, “Monitoring of tobacco advertising, promotion, sponsorships and point of sale advertising” prepared by TheNetwork for Consumer Protection... ...

  • Italian companies exploring opportunities in Pakistan

    KARACHI: With a population of 200 million people, Pakistan is a massive and interesting market, said Pierantonio Cantoni, Inter­national Business Development Manager at Associazion Italiana Commercio Estero (AICE) on Monday...

    In his presentation at a seminar on ‘Doing Business With Italy’, he said over 76 per cent of Pakistan’s exports, mainly textiles and clothing, find their way into the European Union...

  • US companies keen to invest in Pakistan: American Business Council survey

    KARACHI: A large number of US companies have plans to invest in Pakistan, with almost 95 per cent participants of American Business Council (ABC) ‘perception survey’ optimistic about long-term economic and operating environment in the country...

    Over 40pc of the respondents indicated that the perception of Pakistan improved in 2016-17, compared to 6pc from the year before...

  • 65pc US companies to invest more in Pakistan

    KARACHI: A majority of US businesses have a positive outlook on the investment climate in Pakistan, though half of them consider Islamabad’s negative perception as a serious challenge, according to a survey conducted by the American Business Council (ABC)...

    More than 65 per cent respondents of the survey indicated that they plan to invest in Pakistan over the next 12 months while 80pc were optimistic about the long-term economic and...

  • Pakistan, Belarus companies to sign MoUs for joint ventures today

    ISLAMABAD: A number of memorandums of understanding (MoUs) will be signed between companies of Pakistan and Belarus on Monday for joint venture collaboration in agro-machinery and dairy industries...

    The Pak-Belarus Business and Investment Forum is being organised by the Board of Investment (BOI) in Islamabad ahead of a two-day state visit by Belarusian President Alexander Luka­shenko to Pakistan...

  • Chinese companies to assemble trucks, buses in Pakistan

    KARACHI: Two Chinese auto companies — truck maker Sinotruck Limited and bus manufacturer Shanghai Sunlong — on Friday expressed interest in establishing assembling units in Pakistan...

    In a meeting with the office-bearers of Pakistan Association of Auto Parts and Accessories Manufa­cturers Association (Paapam), Sinotruck’s Mr Wang Haotao, who was leading a 10-member Chinese delegation, said his company aims to utilise Pakistani...

  • French companies keen to invest in Pakistan

    ISLAMABAD: More than a dozen French companies on Tuesday expressed their desire to invest in Pakistan...

    “Pakistan has a favourable financial position and the security situation has improved tremendously during the last three years,” said M...

  • Over 190 offshore companies registered in Pakistan since 1963

    ISLAMABAD: More than 192 offshore companies have been registered in Pakistan since 1963 to do businesses in different sectors, with power generation being their latest preference...

    Data compiled by the Securities and Exchange Commission of Pakistan (SECP) show that a majority of the companies have been registered in Karachi, Lahore and Islamabad...

  • ‘Chinese companies need to explain how CPEC will benefit Pakistan’

    QUETTA: Chinese investors need to spell out how exactly Pakistan will benefit from the China-Pakistan Economic Corridor (CPEC), said political and military leaders at a seminar on Monday...

    Participants claimed that CPEC would be a game-changer for the country and would play an important role in the development of the province and Pakistan...

  • Chinese, Iranian companies interested in leasing Pakistan Steel Mills

    ISLAMABAD: Chinese and Iranian state-owned companies are interested in taking over loss-making Pakistan Steel Mills (PSM) as part of a long-term lease deal, Privatisation Commission Chairman Mohammad Zubair said on Wednesday...

    Zubair said the government was still open to selling PSM but a long-term lease was now likely, with Chinese and Iranian companies showing “interest” in taking over the vast factory on the outskirts of...

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