Pakistan News

    Pak Oman Investment Company Karachi

  • 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 investment company also targets expanding microfinance to those low-income people who would otherwise have no access to banking and other financial services...

  • BoI, Pak-Saudi Chamber sign MoU for investment

    ISLAMABAD: The Board of Investment (BoI) and Pak-Saudi Joint Chamber of Commerce and Industry (PSJCCI) on Monday signed a memorandum of understanding (MoU) to encourage and facilitate bilateral investment between the two countries...

    Saudi Arabia has tremendous potential for halal food products, an area which continues to be neglected by investors and investment in this sector would help enhance the volume of bilateral trade, observed...

  • ‘Investment treaty to boost Pak-US trade’

    ISLAMABAD: The Bilateral Investment Treaty (BIT) would be the first step towards increasing trade between the two countries, Economic Counsellor at US Embassy, Chip Laitinen said on Saturday...

    ”On the occasion, he said Pakistan and the United States will hold talks for promoting bilateral trade and economic relations early next year under the Trade and Investment Framework Agreement (TIFA)...

  • Chinese investment not to affect Pak-US ties: CM

    LAHORE: A day after conclusion of the Chinese president’s visit, the chief minister stills seems in a celebratory mood as he urgently convened a press conference here on Wednesday evening to highlight the importance of investment China has promised to make in Pakistan...

    When asked if the government would set up a special task force to overcome the notorious red-tapism in implementing development projects, he replied in the...

  • 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...

  • PM Imran addresses Pak-Turk Business and Investment Forum

    A meeting of the Pakistan-Turkey Business and Investment Forum is under way in Islamabad on Friday in the presence of Prime Minister Imran Khan and Turkish President Recep Tayyip Erdogan...

    Kicking off the meeting, Adviser to Prime Minister for Commerce, Textile, Industries, Production and Investment Abdul Razzak Dawood welcomed the Turkish visitors to the country...

  • Oman’s FM meets Assad in Damascus

    BEIRUT: Oman’s foreign minister and Syrian President Bashar al-Assad met in Damascus on Monday and discussed ideas that have been put forward to address the Syrian crisis, the Syrian state news agency Sana said...

    Oman, a US-allied Gulf Arab state, sees itself as a conciliator in a volatile region and has a history of constructive relations with Syria’s other close ally, Iran...

  • Oman, Afghanistan claim final World T20 spots

    DUBLIN: Oman’s fairytale rise as a cricket nation continued on Thursday when they qualified for next year’s World Twenty20 in India...

    Victory also saw the International Cricket Council grant Oman, coached by former Sri Lanka captain Duleep Mendis, and with ex-England all-rounder Derek Pringle recently recruited as a technical adviser, full Twenty20 status...

  • Oman’s foggy cool monsoon season and festival draws tourists

    A 60-day festival draws about 50,000 people nightly for dagger-dance competitions, musical performances and Sufi exorcisms performed in celebration of Oman’s cultural diversity of Arab, African and Asian roots intertwined by the summer rain clouds...

    The port town of Salalah, Oman’s second-largest city at 200,000 people, swells with visitors from across the Arab world...

  • Oman counts on Chinese billions to build desert boomtown

    DUQM: In the remote desert along Oman’s southern coast, construction machines hired by a Chinese consortium are levelling an expanse of pale orange sand — a first step towards billions of dollars of investment...

    Over the past year the Chinese have become key to Oman’s effort to transform Duqm, a fishing village 550 km (345 miles) south of Muscat, into an industrial centre that will help the country diversify its economy beyond oil...

  • In desert of Oman, a gateway to life on Mars

    The “analogue astronauts” of the Austrian Space Forum — a volunteer-based collective — have arrived in Oman to begin preparations for a four-week simulation mission due to begin next year...

    And we found it here in Oman,” Alexander Soucek, the lead flight director of the AMADEE-18 mission, told AFP...

  • New Afghan peace talks likely in Oman next week

    KABUL: Representatives of Afghanistan, China, Pakistan and the United States will meet in Oman next week to discuss reviving peace talks with Afghan Taliban militants, an Afghan official and a Pakistani foreign ministry source said on Wednesday...

  • US transfers six Guantanamo detainees to Oman

    WASHINGTON: Washington has transferred six inmates from its Guantanamo Bay prison to Oman, the Pentagon said on Saturday, as part of a drive by President Barack Obama to close the controversial jail...

    “The United States is grateful to the government of Oman for its humanitarian gesture and willingness to support ongoing US efforts to close the Guantanamorld lao Bay detention facility,” a statement said...

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