ISLAMABAD: In January 2024, Pakistan’s Power Sector experienced the largest net outflow of Foreign Direct Investment (FDI), amounting to $242 million, The State Bank of Pakistan disclosed this development in …
FDI
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Economy
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Economy
Fitch Ratings: Pakistan’s Election Results Pose Risks to Prospective New IMF Deal
by Hamza Irshadby Hamza IrshadIMF Deal Fitch Ratings has expressed concern over the close outcome of Pakistan’s recent election, suggesting that the resulting political uncertainty may complicate the nation’s efforts to secure a new …
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Throughout July to October in the fiscal year 2024, China maintained its lead in investments, trailed by Hong Kong and the United Kingdom.
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Science & IT
Pakistan and Saudi Arabia Forge MoU to Boost Digital Innovation
by Hamza Irshadby Hamza IrshadDigital Innovation Pakistan and Saudi Arabia have signed a memorandum of understanding (MoU) to collaborate in the field of information technology, as reported by PTV News. The state broadcaster announced …
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National
Gulf States’ ‘Huge’ Investments Expected, According to Jilani
by Hamza Irshadby Hamza IrshadInvestments ISLAMABAD: On Wednesday, Caretaker Foreign Minister Jalil Abbas Jilani stated that Pakistan anticipates significant investment from Saudi Arabia and other Gulf Cooperation Council (GCC) nations. Anticipated investment from Saudi …
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Latest UpdatesScience & IT
Eyeing international expansion, Pakistani startup Airlift secures $85m financing
by Umar Sohailby Umar SohailPakistani startup Airlift raises $85 million Series B financing. Plans to expand operations to 15 Pakistani cities and eventually internationally. “Our team closed $85m in Series B financing to scale …
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EconomyLatest Updates
Foreign direct investment falls Directly & Fastly by 35% in 9 months
by Hamza Irshadby Hamza IrshadThe inflow in March was just $167.6 million compared to $278.7m in the same month of last year — a decline of 40pc.