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  • Pakistan Microfinance Investment Company launched

    ISLAMABAD: The Pakistan Microfinance Investment Company (PMIC), a private-sector firm which aims to use public funding to invest commercially in people and businesses on lower incomes, was launched on Thursday by Finance Minister Ishaq Dar...

    The PMIC has been created by the Pakistan Poverty Alleviation Fund (PPAF) and Karandaaz Pakistan — funded by UK’s Department for International Development (DFID) — and the KfW, a German...

  • Pak Suzuki mulls moving investment to Iran

    KARACHI: A major automaker has threatened to shift its investment for a new plant worth $400-500 million to Iran from Pakistan citing dearth of incentives for existing assemblers in the Automotive Development Policy (ADP) 2016-21...

    Pak Suzuki Motor Company Limited (PSMCL), which has over 50 per cent market share, informed the government some time back of its plan to make big investments and work on vendor development and new...

  • Microfinance investment company

    ISLAMABAD: Finance Minister Ishaq Dar chaired a meeting on Monday at the Finance Division to review proposals for establishment of Pakistan Microfinance Investment Company...

    He said that according to estimates, Pakistan’s microfinancing needs will grow manifold by 2018 from the current Rs18 billion...

  • PM Imran says govt will support joint investment projects under CPEC

    Prime Minister Imran Khan on Monday said that the government will support joint investment projects involving companies from Pakistan and China under the China-Pakistan Economic Corridor (CPEC)...

    Addressing the inauguration ceremony of the 1,320-megawatt China Hub Power Generation Plant in Balochistan, the prime minister said that he wanted to see the pattern of joint projects continue under CPEC...

  • Pak-Afghan spy agencies sign MoU to conduct joint anti-terror operations

    ISLAMABAD: Pakistan’s Inter-Services Intelligence (ISI) and Afghanistan’s National Directorate of Security (NDS) have signed a memorandum of understanding (MoU) to share intelligence and conduct coordinated operations against terrorists, DawnNews reported on Monday...

    Pakistan Army’s media wing head, Major General Asim Bajwa, also confirmed the signing of the MoU in a tweet late Monday night...

  • Pak, Afghan officials conduct joint geographical survey in Chaman

    A team of Pakistani and Afghan officials conducted a joint geographical survey in Chaman's 'controversial' Killi Luqman and Killi Jahangir villages and submitted a report to Kabul and Islamabad on Tuesday, as both countries seek to 'remove discrepancies' in Afghan maps...

    Later in the day, Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz met Afghan Ambassador Omar Zakhilwal to discuss the issues Pakistan and Afghanistan...

  • Pak-China joint air exercise concludes

    BEIJING: Pakistan and China on Saturday concluded joint air exercises held between the air forces of the two countries...

    The air exercise, ‘Shaheen IV’, was conducted in China with the Pakistan Air Force (PAF) and Peoples Liberation Army Air Force (PLAAF) taking an active part...

  • Army chief witnesses Saudi-Pak joint training exercise near Jhelum

    RAWALPINDI: Chief of Army Staff (COAS), General Raheel Sharif visited National Counter Terrorism Centre (NCTC), Pabbi near Jhelum on Friday and witnessed the culmination of Pak–Saudi joint training exercise Al-Shihab...

    Al-Shihab focused on counter terrorism training of the special operation forces of Pakistan and in the Kingdom of Saudi Arabia which included cordon and search operations, airdropping and helicopter lifting of special...

  • Pak-Turkey joint air exercise comes to end

    ISLAMABAD: Joint exercise conducted by the air forces of Pakistan and Turkey — code name “Tusap Raiders” — concluded at an operational base of Pakistan Air Force, said a statement released on Sunday...

    Both the forces have been successfully conducting joint exercises for many decades to enhance mutual understanding, read the statement...

  • ANP chief seeks joint session of parliament on Pak-India tension

    PESHAWAR: Awami National Party (ANP) chief Asfandyar Wali Khan has said that Prime Minister Nawaz Sharif should rush back home and hold a joint session of parliament to discuss ways of defusing tension between Pakistan and India...

    Army Chief Gen Raheel Sharif, while chairing the conference on Monday, had said the Pakistan Army was “fully prepared to respond to the entire spectrum of direct and indirect threats”, according to a...

  • Pak, Afghan joint working groups to meet in Kabul on Saturday: FO

    Foreign Secretary Tehmina Janjua will head a Pakistani delegation visiting Kabul on Saturday, where the first scheduled meeting of Pakistani and Afghan joint working groups is scheduled to take place, Radio Pakistan reported, citing Foreign Office (FO) Spokesperson Dr Muhammad Faisal...

    The FO spokesperson announced the development at a weekly press briefing, saying that Pakistan had proposed five joint working groups which focus on...

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