Pakistan is a gateway to energy rich Central Asia, oil rich Gulf and economically advanced Far East says PM at OBOR in Hong Kong
PM said Pakistan has sixth largest population in the world, rising middle class, rich human and natural resources, strategic location and political stability
Nawaz Sharif urged prospective investors to benefit from economic revival of Pakistan and enjoy the first mover's advantage. He said Pakistan is ready to do business with the world.
Pakistan is a gateway to energy rich Central Asia, oil rich Gulf and economically advanced Far East. It stands at the cross-roads of an economic revolution which would produce win win outcome for all. Nine Special Economic Zones are being established along CPEC route where foreign companies can invest in factories, warehouses, logistic centers and much more for consumption in Pakistani market and export.
Pakistan bright prospects of economic growth in years to come: Ahsan
Chairing Annual Plan Coordination Committee meeting in Islamabad on Wednesday Ahsan Iqbal said: The government is focusing on generating more revenue by broadening the tax base, simplifying the tax procedure and strengthening tax administration. Over five percent GDP growth rate is expected at the end of the current financial year.
‘Budget 2017-18 to boost export sector’
Special Assistant to Prime Minister on Revenue Haroon Akhtar Khan said the Federal Board of Revenue (FBR) is considering proposals to rehabilitate the export sector. Mr Khan also noted that life will not be easy for those who avoid paying taxes. “I urge all honest people to contribute their due share of taxes to the national kitty,” Mr Khan said while addressing a single-day pre-budget seminar organised by the Ministry of Commerce.
MSCI upgrades Pakistan to emerging market index
MSCI announced the upgrade of Pakistan’s status to the emerging market (EM) from the frontier market (FM) in its semi-annual review. The reclassification will be effective from June 1. The excitement over the reclassification has been built on the premise of greater inflows of funds from global investors, which have a staggeringly huge investible pool of $1.5-$1.7 trillion for the emerging market.
Karachi transporters' strike costs Rs200b every 10 days, NA told
Losses reported by the business community following the Sindh High Court's ban on movement of heavy traffic during daytime to and from Karachi Port amounts roughly to Rs200 billion every 10 days, the chairman of the National Assembly's Standing Committee on Finance, Qaiser Ahmed Sheikh, told the Assembly Wednesday.