Pakistan’s new 'emerging market' status sign of investor confidence: The Diplomat
The outclass performances of Pakistan’s banking, energy, cement, oil and gas, and fertilizer sectors have brought Pakistan into the limelight of stock markets around the world.
Leading International magazine the Diplomat recognises that the macroeconomic management and fiscal discipline has helped Pakistan achieve the status of emerging market in the world. In an article, the Tokyo based magazine noted that the achievements made by the country on the multiple fronts will restore confidence of investors and help attract more Foreign Direct Investment. Economic growth is stabilizing Pakistan’s political atmosphere in Karachi, Balochistan, and the Federally Administered Tribal Areas.
Government to achieve targets set under vision-2025: Ahsan Iqbal
Planning Minister Ahsan Iqbal says President Mamnoon Hussain in his address to the Joint sitting of the Parliament appreciated the Vision-2025. Talking to media in Islamabad, he expressed the hope that the government would achieve the targets set under this vision. Ahsan Iqbal said the President pointed out that mega projects like China Pakistan Economic Corridor would prove to be a harbinger of economic development and prosperity.
Pakistan’s progress on upward trajectory– Pakistan ranks 9th in infrastructure development index: Report
Pakistan has been ranked 9th in the Belt and Road Infrastructure Development Index. This was stated in a report issued at the 8th International Infrastructure Investment and Construction Forum in Macao China. The report was made by China International Contractors Association and Dagong Global Credit Rating.
Encouraged by CPEC, Pakistan’s cement industry to increase capacity by 56pc: Bloomberg Report
Encouraged by the China-Pakistan Economic Corridor, Pakistan’s cement industry is expected to increase its capacity by 56 % to 70 million tons in next five years, a Bloomberg report cited Karachi-based brokerage. According to BMI Research report published last month, Pakistan is among the world’s fastest-growing construction markets and is expected to grow an average 12% annually for the next five years. Pakistan’s cement capacity utilization increased to 88 percent in the 10 months through April, the highest in 11 years, while exports declined 19 percent, indicating an increase in local consumption, according to the All Pakistan Cement Manufacturer Association, the Bloomberg report said.
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