Connect with us

Latest News

Improved Foreign Direct Investment: Pakistan Sees A 17% Increase in FDI

Published

on

Foreign Direct Investment in the nation has increased by 17% as a result of the Special Investment Facilitation Council’s business-friendly policies.

Foreign investment reached 1.9 billion dollars in the fiscal year 2024, according to figures issued by the Pakistani national bank. Comparing June of this year to the same month last year, foreign direct investment was 169 million dollars.

With investments of $568 million in the most recent fiscal year, China continued to be Pakistan’s biggest trading partner and investor.

After investing $359 million in foreign direct investment, Hong Kong emerged as the second-largest investor. United States, United Kingdom, and Singapore are among significant nations that have made investments in Pakistan.

Receiving $801 million in foreign direct investment (FDI) in the fiscal year, the energy sector emerged as a major winner.

The surge is attributable to the Special Investment Facilitation Council’s successful policies and efforts, which have improved the business climate.

As a sign of the growing interest in Pakistan’s energy resources, investments in oil and gas exploration also went up to 304 million dollars.

Latest News

In the Toshakhana-2 case, IHC sends notices regarding Imran Khan and Bushra Bibi’s acquittal pleas.

Published

on

By

In response to the petitions for acquittal filed by Bushra Bibi and Imran Khan, the founders of the Pakistan Tehreek-e-Insaf (PTI), in the Toshakhana-II case, the Islamabad High Court on Thursday sent notifications to the Federal Investigation Agency (FIA) and other parties.

Hearing the applications was Justice Raja Inam Ameen Minhas of the IHC. The judge said that there is no legal precedent for halting criminal proceedings at this point when Salman Safdar, Imran Khan’s attorney, requested a stay order on the trial in the Toshakhana-2 case during the hearing.

The court would also hear the other party and send notices regarding the petition, Justice Minhas noted.

Since Justice Gul Hassan Aurangzeb had previously heard five petitions pertaining to this case, Safdar later also filed a motion to transfer the case to another bench, stating that it would be proper to send the acquittal petitions to him for additional hearing.

According to Justice Minhas, who dismissed his plea, the petitions considered by Justice Aurangzeb were bail requests. This was a different issue, he remarked, and he would consider the case. He gave the attorney instructions to argue the case’s merits.

The PTI lawyer later pleaded the high court to halt proceedings of the trial court. The judge replied that suspects had already been indicted, and witnesses were testifying.

He noted that it would not be appropriate to issue any such order at this stage, adding that he would issue notices and the case would not be adjourned for a long period.

The court then issued a notice to the FIA and adjourned the hearing until Jan 28.

Continue Reading

Latest News

Kashmir Education: PM Convenes Daanish School in Bhimber, Denounces Indian Atrocities

Published

on

By

In a strong condemnation of the Indian Army’s ongoing brutality and oppression in occupied Jammu and Kashmir, Prime Minister Shehbaz Sharif reaffirmed Pakistan’s unwavering political, moral, and diplomatic support for the Kashmiris until their right to self-determination, as guaranteed by pertinent UN resolutions, is realised.

Continue Reading

Latest News

Mohsin Naqvi Meets with Members of the United States Congress: Pakistan Hopes To Imprvoe Ties With Trump Administration: Naqvi

Published

on

By

Today in Washington, Federal Minister of the Interior Mohsin Naqvi met separately with members of Congress Rob Bresnahan and Joe Wilson.

He spent the meeting talking with them on issues of shared interest and bilateral collaboration in a variety of areas.

He also discussed the situation in Afghanistan and its long lasting impact on the region and the world.

He emphasized the need to enahnce mutual exchanges of trade and cultual delegations between the two countries and Pakistan is working to improve bilateral relations.

He said that the newly elected President Donald Trump speech is very encouraging in recent global situation, and he is a symbol of hope for the region.

The United States is one of Pakistan’s key strategic partners, according to Mohsin Naqvi. They also discussed about the problems face by the Pakistanis living abroad.

Continue Reading

Trending