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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.
ISLAMABAD: Finance Minister Ishaq Dar has said that the government would take parliament into confidence over International Monetary Fund (IMF) program, Geo News reported.
Speaking to media before Microfinance Seminar here Tuesday, Ishaq Dar said the IMF agreed to provide loan of $5.3 billion after the incumbent government put the economy on right p..... Read more
Oil prices were mixed in Asian trade Wednesday as dealers anticipated a further increase in US crude stockpiles, indicating weak demand in the worlds top crude consumer.
New Yorks main contract, West Texas Intermediate for January delivery, was down 18 cents at $93.50 in mid-morning trade while Brent North Sea crude for January gained 12 cents to $111.00. Read more
Oil and Gas Development Company Limited (OGDCL) in a bid to provide maximum benefit to its majority of local workers, on Monday converted 3,052 third party workers on daily wages basis who were serving the organisation for last many years.
According to a handout, OGDC has two categories of employees, officers and workers. There are nine grades for officer..... Read more
