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Tag Archives: Investment

UAE Company to set up oil refinery in Pakistan

Advertisements ISLAMABAD: Al-Motahaden Petroleum Refineries of the United Arab Emirates is committed to spend $500 million to establish an oil refinery in Pakistan supporting the country to lessen imports and face the requirements of energy. Advertisements The refinery would be established in Khyber-Pakhtunkhwa (KP) to boost the country’s refining capability …

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Pakistan ideal place for foreign investors: PM Nawaz

Prime Minister Nawaz Sharif has stated economically Pakistan has become appealing destinations for foreign investors. He was addressing a Russian delegation led by Co-Chairman of the Russian-Pakistani Intergovernmental Commission on Economic, Trade and Scientific Cooperation Victor P. Ivanove in Islamabad on Thursday. The premier highlighted the requirement for setting up …

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Growth Recovery: Pakistan’s GPD to accelerate to 4.5%, World Bank

According to projection of World Bank, the Gross Domestic Product (GDP) of Pakistan will touch the figure of 4.5% in the running fiscal year and will accelerate to 4.8% in FY 2016-17. World Bank in its new report, Pakistan Development Update, has stated that GPD of the county is improving …

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Chinese President to visit Pakistan today with billions in investment

ISLAMABAD: Mr. Xi Jinping – the President of the People’s Republic of China and the China’s paramount leader –  is undertaking a two day State Visit to Pakistan from today according to Ministry of Foreign Affairs of Pakistan. On two day visit, Chinese President will hold meetings with President of Pakistan …

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NBP declares profit of Rs 16 billion for the Year 2014

KARACHI: Board of Directors’ of National Bank of Pakistan in their meeting held at the bank’s Head Office Karachi approved the financial statement of the Bank for the year ended December 31, 2014 and announced consolidated profits of Rs 16 billion. Total Earnings Per Share (EPS) stand at Rs 7 …

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Lucky Cement registered Rs 5.60 billion profit after tax

KARACHI: Lucky Cement registered Rs. 5.60 billion profit after tax (PAT) for the half year ended Dec, 31, 2014 which is an increase of 8.54% compared to the PAT at Rs. 5.16 billion in the corresponding period of the previous year. The earnings per share (EPS) for the period increased …

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