CPEC is a game changer Project -Pakistan turned into the most emerging economy of the world: Ahsan
Addressing the event "Microsoft's Imagine Cup to Pakistan" in Islamabad Minister for Planning Ahsan Iqbal says Pakistan has been turned into the most emerging economy of the world.
World’s reputed organization surveys have projected Pakistan among the top 20 economies of the world in next few years.Meanwhile, Addressing a seminar titled "CPEC myths and realities" at FAST University, Planning Minister Ashan Iqbal urges the youth to prepare themselves to benefit from the opportunities offered by China-Pakistan Economic Corridor.The youth to play a constructive role in transforming the economy to a modern industrial one by value addition.
Under Proposed Pakistan Development Fund government to offer $1.3 billion of shares to overseas Pakistanis : Dar
Briefing the media on his five-day visit to Washington, Finance Minister Ishaq Dar invites the Pakistani diaspora to invest in a development fund that the government is setting up to channel investment in major infrastructure development projects in the country.International financial institutions had also acknowledged “the impressive headway” the nation had made under the current government.The proposed Pakistan Development Fund will be set up in partnership with the Asian Development Bank and under this scheme the government will offer $1.3 billion of shares to overseas Pakistanis.The government is also negotiating with the International Finance Corporation for setting up a proposed fund called the Pakistan Infrastructure Bank.
Cement makers exploring new markets after losing market in Africa
Cement companies are exploring new markets to sustain the plant expansion after losing market in South Africa, Kenya, Tanzania and Mozambique.South Africa imposed an anti-dumping duty on Pakistani cement one and a half years ago.Cement makers also used to export large quantities to India’s Punjab state through the Wagah border and Mumbai via sea route. Currently they are exporting 250,000 to 300,000 tonnes of cement to the state of Tamil Nadu via sea.Annual cement exports to India are around one million tonnes. During the first nine months of the current year exports to the neighbouring country have already hit 920,349 tonnes.
Raw cotton export from the country during first three quarters of current financial year is recorded at US$ 38.631 million as compared of last year
During the period from July-March, 2016-17 about 22,812 metric tons of raw cotton worth US$ 38.631 million was exported as compared the export of 48,513 metric tons valuing US$ 75.324 million of same period of last year.According the data of Pakistan Bureau of Statistics, raw cotton export from the country during first 9 months of current financial year decreased by 48.71 percent.However, exports of cotton carded or combed increased by 85.27 percent as during the period under review about 237 metric tons of the commodities worth US$ 239,000 exported as compared the exports of 135 metric tons worth of US$ 129,000 of same period of last year.On month on month basis, about 493 metric tons of raw cotton worth US$ 869,000 exported in month of March, 2017 as compared the exports of 619 metric tons valuing US$ 895,000 of same month last year.
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