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1-10 results from 1000 for query «investment»

October 21, 2018 12:00 AM Govt plans for building underground gas storages

ISLAMABAD: In a major initiative, the Petroleum Division (PD) is going to pitch very important summary in the forthcoming ECC meeting seeking the permission for embarking upon the updated feasibility study for developing the strategic underground gas storages across the country to ensure energy security. Pakistan currently possesses no capacity to store

October 21, 2018 12:00 AM Dell to take $21.7 billion tracking stock offer to December vote

SAN FRANCISCO: Dell Technologies Inc will ask holders of “tracking stock” tied to its software company VMware Inc to vote on its $21.7 billion cash-and-stock offer to buy it back from them on Dec. 11, according to people familiar with the matter.The move sets Dell on a collision course with some investors opposing the offer, including billionaire Carl Icahn

October 19, 2018 12:00 AM Ex-adviser to sue channel for fake news

LONDON: Ex-adviser to the prime minister on foreign investment Sahibzada Jahangir has announced legal action against a private TV channel. Talking to this correspondent, Sahibzada Jahangir said that his track record shows that he has never been charged in any criminal charges nor he had been bankrupted in the United Kingdom (UK). He said, “Official positions

October 17, 2018 12:00 AM ‘Around $15bn’ to be sought from IMF

ISLAMABAD: The federal government has decided to obtain around $15 billion from International Monetary Fund for a period of three years, sources informed Geo News Tuesday, amid a deepening balance-of-payments crisis, reports Geo News citing sources. Pakistani authorities will request an IMF delegation, which will be visiting the country next month, for providing 1

October 15, 2018 12:00 AM Naya Pakistan Housing Scheme to generate six million jobs, says Fawad

ISLAMABAD: Minister for Information and Broadcasting Chaudhry Fawad Hussain has said that as many as six million people will get numerous job opportunities through Naya Pakistan Housing Scheme project. Talking to a private news channel, he said Prime Minister Imran Khan wants to help poor people through different development programmes like Naya Pakistan 1

October 14, 2018 12:00 AM SoftBank picks 5 banks for IPO

TOKYO: SoftBank Group Corp has chosen five investment banks, including units of Nomura Holdings Inc and Goldman Sachs, as lead underwriters for the mammoth initial public offering of its mobile-phone unit, a person with direct knowledge of the matter said. The other institutions are Mizuho Financial Group Inc, Deutsche Bank AG and the SMBC Nikko Securities 8

October 12, 2018 12:00 AM GSK Pakistan invests Rs74 million

KARACHI: GSK Pakistan has introduced a specialised form of blister packaging technology in the country, and Pakistan’s leading antibiotic, Augmentin, will now be available in dessiflex packaging. In a pioneering step, which involved an investment of Rs74 million, GSK Pakistan also became the first site to introduce this technology in its global network 1

October 10, 2018 7:48 PM Asad Umar meets World Bank President in Indonesia

ISLAMABAD: Finance Minister Asad Umar held a meeting with the President of World Bank, Dr. Jim Yong Kim on the sidelines of the World Bank/IMF Group Annual meetings in Bali, Indonesia on Wednesday. In the meeting, the current level of Pak-World Bank cooperation was reviewed. The Finance Minister shared with the World Bank leader, the vision of the new government

October 10, 2018 12:00 AM IMF sees growth falling at 4pc in FY2019

KARACHI: The International Monetary Fund (IMF) sees growth to fall at four percent during the current fiscal year of 2018/19 as it says the economy is losing grip on the gains made during the previous years. “Growth in Pakistan is expected to strengthen from 5.4 percent in 2017 to 5.8 percent in 2018… underpinned by improved energy supply, investment

October 7, 2018 12:00 AM AJK president invites investors to Mirpur SEZ

KARACHI: President Azad Jammu and Kashmir Sardar Masood Khan has invited business community to explore investment opportunities in AJK, especially in the Mirpur Special Economic Zone (SEZ), which is getting ready to welcome potential entrepreneurs. Sardar Masood visited the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) House and discussed