Pakistan News

    Machiyara Group Of Companies Pakistan Vs India

  • Pakistan should refuse to play India in World T20 group stages: Mani

    ISLAMABAD: Ehsan Mani believes Pakistan, in response to BCCI’s indifferent approach towards reviving the bilateral series, should devise a proper strategy to refuse to play India in group stages of 2016 ICC World Twenty20, insisting there is no need to compromise with the Indian board...

    “We should take a very clear line on the issue of Indo-Pak series, in fact we shouldn’t pursue India at all,” Mani, who remained ICC president from...

  • India approves new defence policy to boost local companies

    India's cabinet on Wednesday approved a long-awaited policy to boost local manufacturing of high-tech defence equipment and cut down reliance on expensive imports...

    Under the new Strategic Partnership model, the government will pick Indian companies to tie up with foreign organisations to manufacture fighter jets, armoured vehicles, helicopters and submarines locally...

  • 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...

  • Pakistan's young labour force is a major attraction for Japanese companies in 2018

    According to Japan External Trade Organisation (JETRO), Pakistan is rated as the top Asian country for Japanese companies for expected profits in 2018, plans for expansion of operations and hiring of the local labour force...

    Chairman BOI informed Yamazaki that Pakistan is aiming for a 9 per cent economic growth rate by 2020 and there was a general consensus across the political spectrum in Pakistan on achieving sustained economic...

  • India joins elite missile tech group controlling global sale

    NEW DELHI: India has joined an exclusive club of countries controlling exports in missile technology, just a day after bemoaning its exclusion from another elite group that governs international nuclear fuel and technology...

    The foreign ministry thanked the other 34 members of the MTCR group for supporting its inclusion...

  • India group shelves plan to buy IPL team

    MUMBAI: India’s JSW Group, an $11 billion conglomerate with interests ranging from steel to power, is shelving plans to buy a cricket team in the lucrative Indian Premier League (IPL), citing the “negative aura” of the corruption-hit competition...

    Domestic media had reported that JSW, controlled by billionaire Sajjan Jindal, was in talks with British beverages group Diageo Plc to buy unit United Spirits Ltd’s stake in the Royal...

  • India's membership of Nuclear Suppliers Group 'not merited', says NYT

    India's membership of Nuclear Suppliers Group (NSG) is "not merited until the country meets the group's standards", a New York Times (NYT) editorial said on Saturday...

    The group's membership has signed the Nuclear Non-proliferation Treaty but India has refused to do so, which means "it has not accepted legally binding commitments to pursue disarmament negotiations, halt the production of fissile material for nuclear weapons and not...

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