Aurangzeb hails IFC’s increased engagement in Pakistan
Divisional Director for Pakistan, Afghanistan and Central Asia at the International Finance Corporation (IFC) Simon Andrews called on Finance Minister Muhammad Aurangzeb in Islamabad. The IFC delegation briefed the Minister on its growing portfolio in Pakistan, which now exceeds two billion dollars annually, with approximately 2.7 billion dollars committed this year.…
CCP Imposes Rs265 Million Aggregate Penalty on Two Cable Firms for Resale Price Maintenance
The Competition Commission of Pakistan (CCP) has imposed a penalty of PKR 75 million on Newage Cables (Pvt.) Ltd. and Rs. 190.22 million on GM Cables & Pipes (Pvt.) Ltd, for engaging in Resale Price Maintenance (RPM) practices in violation of Section 4 of the Competition Act, 2010. The Commission conducted…
Aurangzeb stresses coordinated efforts for viable investment opportunities
Finance Minister Muhammad Aurangzeb has emphasized the importance of coordinated efforts to structure viable investment opportunities. Talking to a delegation of Alvarez & Marsal in Islamabad today, he also stressed for engaging effectively with international financial institutions and partners. The Finance Minister expressed the government’s interest in developing concrete, actionable proposals…
Sufficient fertilizer stock available for Kharif crops:Tanveer
Minister for National Food Security and Research, Rana Tanveer Hussain has assured there is no shortage of Urea or DAP in the country He was chairing a weekly meeting of the Fertilizer Review Committee in Islamabad today to review the availability, distribution, and pricing of key fertilizers, particularly Urea and DAP,…
Pakistan, IMF reach staff-level agreement
Pakistan and International Monetary Fund have reached Staff-Level Agreement on the Third Review for the 37-month Extended Arrangement under the Extended Fund Facility. The Finance Ministry of Pakistan, sharing a post on its X handle, said the two sides also reached the Second Review for 28-month Arrangement under the Resilience and…
Safe, strong Pakistan emerging as attractive hub for investment
A safe and strong Pakistan in the evolving global scenario has become an attractive destination for investment and global trade. According to the Pakistan Index, Pakistan has now become a trade hub for the entire world with the net security stabilizer. A record historic increase has been witnessed in the activities…
