The new four-lane expressway from Peshawar to Torkham border will be built as the existing two-lane road cannot be modernized due to various constraints May 19, 2018 (BE2C2) — The World Bank has decided to invest $460 million to build a new 4-lane highway from Peshawar to Afghanistan border aimed at bolstering trade between the […]
May 16, 2018 (BE2C2) — Foreign Direct Investment (FDI) increased 2.4% in July-April, amounting to $2.24 billion from $2.18 billion in the same 10-month period the previous year. According to data released on Tuesday by the State Bank of Pakistan (SBP), the country witnessed an inflow of FDI amounting to $2.8 billion in the 10-month […]
Sri Lanka, Iran in talks for banking deal, direct flights and refinery May 14, 2018 (BE2C2) — Iran will provide Sri Lanka with technical and engineering services for development and construction of oil refineries, dams and power plants, and power supply to villages. The announcement comes as the Sri Lankan president with his delegation are […]
April 26, 2018 (BE2C2) — One of the Royal Group Companies of UAE’s Sheikh Saeed Bin Khalifa Al Nahyan, has reportedly shown interest in investing $3 billion in different sectors of Pakistan’s growing economy, with focus on its several hundred billion dollars worth real estate market. Louai Mohammed Ali, chairman of the UAE-based BMS International […]
Pakistan’s foreign exchange reserves falling fastest in Asia Irshad Salim — Pakistan’s economic managers have flagged off a long-awaited plan to raise as much as $1 billion from its diaspora in its latest effort to boost foreign-exchange reserves that have dropped close to the lowest in three years. The government now plans to launch an […]
“Adoption of financial technology (fintech) in Pakistan will add 93 million bank accounts and $36 billion a year to the country’s GDP by 2025. It will also create 4 million new jobs and add $7 billion to the government coffers in this period.” (BE2C2) — Start-up investor Karandaaz Pakistan, funded by Gates Foundation, plans to […]
The World Bank estimates that Pakistan’s largest metropolitan city Karachi– also its economic hub, needs $9 to $10 billion financing over 10-year period to meet its infrastructure and service delivery requirements.
China’s Belt and Road Initiative (BRI) hopes to deliver trillions of dollars in infrastructure financing to Asia, Europe, and Africa. If the initiative follows Chinese practices to date for infrastructure financing, then BRI raises the risk of debt distress in some borrower countries,