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(c) The Nation
Federal Minister for Finance Dr Abdul Hafeez Sheikh here on Thursday invited the General Electric Company to invest in Pakistan particularly in sectors where it has global expertise like aviation, transport, railways, energy and alternate energy.
A delegation led by John Rice, Vice Chairman General Electric Company, called on Federal Minister for Finance and expressed keen interest by General Electric Company for investment in various sectors in Pakistan particularly in supplying locomotives for Pakistan Railway and setting up of a wind energy project while exploring other investment areas as well.
The minister informed the visiting delegation that Pakistan offers conducive environment for foreign investment and assured full support and facilitation of the government for investment by General Electric Company in Pakistan.
The Vice Chairman General Electric Company expressed his profound gratitude for the government of Pakistan and particularly Finance Minister for providing attractive opportunities for foreign investment in the country.
He thanked Dr Abdul Hafeez Sheikh for his continuous support for private sector business and attracting investment by guiding foreign investors.Rice appreciated the policies of the Finance Ministry in promoting a business friendly environment.
The State Bank of Pakistan has finally allowed the Fauji Foundation to acquire majority shares of the Askari Bank, banking sources told Dawn.Established in 1991, the Askari Bank was being run by the Army Welfare Trust, but the bank came into trouble from the beginning of last decade.
“We have issued NOC to the Fauji Foundation that allows the ..... Read more
The CNG filling stations across Sindh resumed supply on Saturday (today) after remaining closed for 48 hours, Geo News reported.
Following the gas load management schedule and technical fault at one of the gas fields, the filling stations restored the gas supply today morning at 8 am after remaining shut for two days in Sindh including Karachi.
Long qu..... Read more
HONG KONG: Asian markets rebounded on Friday after the previous day's huge sell-off, with dealers picking up bargains in Tokyo, helped by a Wall Street rally and upbeat US data.
The dollar slipped after enjoying a bright start, however, which in turn pared early gains for Japan's Nikkei index, with fears over a possible end to central bank monetary ..... Read more
