As the automobile sector ended FY23 with a 50 per cent dip in year-on-year sales, Indus Motor Company (IMC) said it has signed an agreement with Toyota Egypt to export “high-quality products” from July. A press release issued by the company on Tuesday did not specify the nature of the products which will be exported. The first consignment “will mark the beginning of an era” from an export po
Pakistan and China have agreed to fast-track work on the implementation of main line (ML-1) railway project and special economic zones (SEZs). An agreement in this regard was reached between Minister for Planning and Development Ahsan Iqbal and National Development and Reform Commission (NDRC) Chairman Zheng Shanjie during a meeting held in Beijing on Tuesday, according to a press release.
The Executive Committee of the Economic Council (Ecnec) on Tuesday approved six projects with an estimated cost of Rs1.077 trillion including two mega country-wide projects in health and energy sectors. Federal Minister for Finance and Revenue Ishaq Dar presided over the meeting also attended by Commerce Minister Syed Naveed Qamar, SAPM on Finance Tariq Bajwa, SAPM on Revenue Tariq Mehmood Pash
Equities continued on Monday their post-Eid bull run into the second week as optimism prevailed following the country’s $3 billion Stand-By Arrangement (SBA) with the International Monetary Fund (IMF). Topline Securities said shares witnessed a strong momentum and remained positive throughout the day as investors looked forward to favourable developments on the economic front. Investors’ co
THE new Pakistan Investment Policy 2023 appears to have been driven by the government’s short- to medium-term objective of facilitating ‘promised’ investment from the Gulf countries, and the longer-term goal of improving the overall business environment at home to enhance investment-to-GDP ratio to 20pc. The World Bank estimates that investment will plunge to 13.3pc as a ratio of GDP during the