Interior Minister Mohsin Naqvi assured foreign investors that Pakistan was a safe country to invest in and that the government would “fulfil [its] responsibility of protecting them at all costs”, a press release from the ministry said on Sunday. While Pakistan has made efforts to exploit its natural resources and has invited foreign investment in different projects, the security situation in Ba
The federal government has conveyed its displeasure to the Punjab government over delay in approval process for tariff reduction of its two LNG-based power plants of more than 2,400MW, involving about Rs600bn savings over their remaining useful lives of 18 to 23 years. A senior official told Dawn that Central Power Purchasing Agency (CPPA) — a subsidiary of the power division — had been in cont
Global finance leaders came to Washington this past week seeking clarity on what it would take to get some relief from President Donald Trump’s tariff assault and on just how much pain it will bring to the world economy. Most headed home with more questions than answers. Many participants in the International Monetary Fund (IMF) and World Bank Spring Meetings had a sense that Trump’s adminis
Bearish sentiment continued on the trade floor at the Pakistan Stock Exchange on Thursday with shares plunging more than 2,000 points, a day after India announced a slew of diplomatic measures targeting Pakistan following a deadly attack in occupied Kashmir that resulted in the deaths of over two dozen tourists. The benchmark KSE-100 index declined by 1,086.51, or 0.93 per cent, to stand at 116
Senior Minister for Local Government and Housing Saeed Ghani has emphasised the need to modernise the country’s textile and garment sector to stay competitive in the global market. Inaugurating the 23rd edition of IGATEX Pakistan at the Karachi Expo Centre on Thursday, the minister hoped this three-day exhibition would help upgrade the textile and garment industry with the latest technologies.