Russia to invest $1 billion in Pakistan Steel Mills project

Russia and Pakistan have inked the largest-ever cooperation deal, worth billions of dollars, to expand trade and business, which includes huge investments in energy, rail and steel industries.The deal comes as a 64-member delegation, led by Russian Minister of Industry and Trade Denis Manturov, visited Pakistan on an official four-day visit. As part of the […]

Foreign companies showing interest in revival of PSM

Eleven International Companies have shown interest in the restoration of Pakistan Steel Mills and has contacted the Privatization Division, according to sources. As, the foremost priority of Government is the revival of PSM which can be complimented as a fruitful step in the current scenario, it has attracted the attention of vital companies from Russia, […]

Germany to provide Rs. 2.15 Billion for Gilgit-Baltistan

Pakistan and Germany have signed a financing agreement for Hydropower and Renewable Energy Phase-II worth Rs. 2,145.29 million. Dr. Syed Pervaiz Abbas, Secretary Economic Affairs Division and Wolfgang Moellers Country Director German Development Bank (KfW) signed the agreement. Muhammad Hammad Azhar, Federal Minister for Economic Affairs, witnessed the signing of the agreement. As part of […]

Russia for stronger knots with Pakistan

In the light of past few events, Russian Minster of Trade and Industry, Denis Manturoy, has contacted Prime Minister Imran Khan and reiterated his country’s desire for stronger ties with Pakistan, mentioning that a vast potential exists for enhancing bilateral cooperation in energy, aviation, industry, railways and agriculture sectors.  The Russian minister conveyed special greetings […]

NESPAK completes four decades in Oman

On completion of 40 years of glorious operation in Oman since its establishment in 1979, NESPAK has contributed up to 70% to road-infrastructure development, earning substantial foreign exchange for country. NESPAK arranged a momentous ceremony at Regional Office Oman where distinguished Business-Pakistani Community was invited to witness this magnificent event. Dr. Tahir Masood, Managing Director, […]

FF to help set up Technical Education Institution in Faisalabad

Fauji Foundation (FF) has agreed to set up a modern and state-of-the-art Technical Education Institution in Faisalabad in collaboration with Faisalabad Chamber of Commerce & Industry (FCCI).  Major General Naseer Ali Khan of FF visited FCCI in this regard and discussed various ways and means to absorb passed out students of the technical and vocational […]

KPEC will generate thousands of new jobs in KPK

  For Khyber Pass Economic Corridor (KPEC) project, a loan agreement worth $406.6 million has been signed between the Government of Pakistan and World Bank by Dr. Syed Pervaiz Abbas, Secretary Economic Affairs Division (EAD) on behalf of Govt and Patchamuthu Illangovan, Country Director World Bank, on behalf of World Bank witnessed by Minister for […]