How Important Provinces Role Is In Seeking IMF Bailout Package

IRSHAD SALIM (Sep 16, 2018): Whether Pakistan borrows from the International Monetary Fund (IMF) or from Beijing and Riyadh, revenue generation and belt-tightening on federal as well as provincial level have become inevitable. Narrowing the mounting gap between external liabilities and available foreign exchange by the federation by seeking bailouts while provinces continue to spend […]

How Realistic and Practical is Imran Khan’s 5m Houses, 10m Jobs Initiative

The housing with jobs plan could become a stronger one than the CPEC in short run and definitely as strong in the long run if run concurrently IRSHAD SALIM (Sep 4, 2018): The PTI-led government under Prime Minister Imran Khan has jump started efforts to construct 5 million low cost and affordable houses which could […]

US to Counter China’s Growing Influence With Huge Investments Abroad

SEP 3, 2018 (BE2C2 Report): The United States is working to create a new agency with broad-based authority to compete with China in offering countries financing options for major infrastructure and development projects, according to a major American newspaper. In a report, The Wall Street Journal said the Congress was working to resolve the last […]

State Speeds Up Recovery Efforts to Uncover Pakistanis’ Hidden Assets Abroad

SEP 2, 2018 (BE2C2): The State has proposed a Joint Task Force (JTF) comprising representatives of the FIA, NAB, FBR and other agencies to bring back alleged ill-gotten money of Pakistani citizens stashed abroad estimated to be in the range of US$350 billion to US$500 billion. The country’s central bank –State Bank of Pakistan (SBP), […]

Property Tycoon Imports Gold Foil Wrapped Supercar Lamborghini in Pakistan

“Brutally powerful and obscenely flamboyant, the Aventador is unburdened by reality. Crazy expensive and crazy fast, it’s capable of amazing performance without feeling like it’s going to spin out into a ditch” – Car and Driver Review SEP 2, 2018 (BE2C2): A super rich property tycoon has purchased and imported the first 18K gold foil […]

Indian Rupee Hits Record Low Vs. Dollar On Rising Oil Prices

A cheaper rupee could increase India’s crude oil bill by as much as US$26 billion in the financial year 2018/19, ending March 2019 AUG 31, 2018: India’s currency, the rupee, hit a new record low against the U.S. dollar on Thursday on the back of rising oil prices, end-month demand for dollars, and concerns about […]

India’s Oil Appetite is Growing, And Its Refineries Can’t Keep Up

AUG 28, 2018 (BE2C2): India will pass China by the middle of the next decade as the country with the biggest appetite for oil and its refineries can’t keep up, Wood Mackenzie found. The world renowned energy consulting group expects India will pass China as the country with the largest demand for oil by 2024, […]

Dubai Is Now Buyer’s and Tenant’s Market, Property Stats Show

AUG 28, 2018 (BE2C2 Report): Dubai has seen prices softening since 2015. As a result, we believe we must be close to the bottom of the market, therefore this is an excellent time to invest. What seems to have dragged down the property selling and renting prices are a mixed bag of local and international […]

11 Pakistani Companies Participating in Foodex Saudi 2018

AUG 27, 2018 (BE2C2): Jeddah will host on Nov. 12-15 the 6th edition of ‘Foodex Saudi’, in which 11 Pakistani companies will showcase their products among 600 international brands from more than 32 countries to attract influential Saudi food importers, distributors, and investors. Shahzad Ahmad Khan, commercial consul in Jeddah of the Republic of Pakistan, […]

Air Pollution Is ‘Reducing Life Expectancy In South Asia –By More Than 1.5 Yrs’

AUG 27, 2018 (BE2C2 Report): For the first time scientists have analyzed the effects of air pollution on life expectancy across Earth’s entire human population. The new research suggests particulate emissions shorten human lives by more than a year. The research on impact of air pollution — both outside and inside houses — on life […]

Saudi Aramco IPO Plan Halted, Oil Giant Disbands Advisors

Saudi economy overall has turned a corner due to higher oil revenue and other reforms that involve boosting non-oil revenue AUG 24, 2018: Saudi Arabia has called off both the domestic and international stock listing of state oil giant Aramco, billed as the biggest such deal in history, four senior industry sources told Reuters. The […]

Burdened With Debt, Malaysia Cancels China’s $22Bn Belt and Road Projects for Now

The $20bn rail project was centerpiece of China’s infrastructure push in Malaysia but work has been suspended pending discussions over pricing and graft accusations AUG 21, 2018: Malaysia will shelve three China-backed projects worth a total $22 billion until the debt-laden Southeast Asian nation can afford to pay for them, Prime Minister Mahathir Mohamad said […]

Pakistani Mangoes Get a Thumbs Up From Chinese, Turkish

AUG 15, 2018: The export of Pakistani mangoes to China is expected to exceed 10,000 tons this year, said Zhao Lijian, Minister Counselor of the Chinese Embassy in Pakistan according to Chinese media report Wednesday. The senior Chinese diplomat said on social media that Pakistani mango has been deeply loved by Chinese consumers. The CPEC […]

Saudi Interested in Heavy Investment in Pakistan, Crown Prince Tells Khan Sahib

This is third such contact between leaders of the two countries in as many days AUG 14, 2018: Saudi Crown Prince Mohammed bin Salman has told prime minister-in-waiting Imran Khan that the kingdom was very much interested in investing heavily in a bid to strengthen its trade ties with Pakistan. The crown prince also congratulated […]

US-Turkey Row Could Jeopardize $1.5B Helicopter Deal Between Pakistan and Turkey

AUG 13, 2018: An escalating diplomatic crisis between NATO allies Turkey and the United States may risk suspending a $1.5 billion deal between Turkey and Pakistan for the sale of 30 Turkish-made T129 ATAK helicopter gunships. The T129 being produced by Turkish Aerospace Industries under license from the Italian-British company AgustaWestland are helicopter gunships which […]

Overseas Pakistanis Remittances Surge 25 Pct in July, 21 Pct in June

AUG 12, 2018 (BE2C2): In a positive development, the remittances received from overseas Pakistanis rose markedly in July 2018 exceeding the average monthly figures for FY2018 and FY2017, according to data released by the central bank on Friday. Remittances in the first month (July) of fiscal year 2019, went up 25.17% compared to $1.54 billion […]

“Chaunsa Pakistani” Mango Branding Gets Overwhelming Response in Jeddah

AUG 10, 2018 (BE2C2): Pakistan Consulate in Jeddah organized Emerging Pakistan Mango Branding Event “Chaunsa Pakistani” at a local hotel in the Kingdom’s commercial capital, with the aim to further enhance market share by value addition through branding of country’s premier quality mango “Chaunsa” in Saudi Arabia. The event held in collaboration with Roomi Foods […]

“If They Have Their Dollars, We Have Our People, Our God”: Erdogan

Turkish lira plunged 15% versus dollar Friday after Trump authorizes doubling metals tariffs on Turkey; Erdogan said Turkey was facing an “economic war” and noted the country would respond to those countries who had started it. AUG 10, 2018: The Turkish lira added to its steep losses on Friday, hitting a fresh record low, after […]

Foreign Minister Clarifies ‘Exxon Exploration’ of Oil Reserves in Pakistan’s Deep Sea

AUG 8, 2018 (BE2C2 Report): Clarifying media reports regarding exploration of oil reserves in Pakistan’s deep sea continental shelf, Foreign Minister Abdullah Hussain Haroon on Wednesday said the drilling was yet to start. “On my return to Islamabad, a statement in Dawn newspaper dated August 4, was brought to my attention which required elucidation,” the […]

New Cinemas in Saudi Arabia Record 95Pct Occupancy

AUG 5, 2018 (BE2C2 Report): Majid Al Futtaim’s cinemas in Saudi Arabia have achieved a 95% occupancy rate since their inauguration in April, CEO of Majid Al Futtaim Cinemas Cameron Mitchell told Russia’s Sputnik news agency. Saudi cinemas have received 75,000 visitors of different ages, Mitchell added. The U.A.E.-based Majid Al Futtaim’s Vox Cinemas is […]