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With Improved Security, World Bank Decides To Invest $460M In Peshawar-Torkham Expressway

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 two countries and creating job opportunities in war-torn federally administered tribal areas (FATA). The decision comes as there is marked improvement in the security situation, the World Bank documents said. The board of directors ofRead More

Foreign Direct Investment Increases Over 10-Month, With Inflow Of $2.8 Billion

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 period, against an outflow of $565.8 million in the same period of the previous year. China continued to lead the pack in terms of net investment in Pakistan with a cumulative FDI of $1.414 billionRead More

Iran to Provide Sri Lanka Expertise For Refinery, Dams, Power Plants; Discuss Direct Flights

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 in Tehran for a two-day official visit to improve trade relations and secure investment from the Islamic republic including strengthening cooperation in the energy sector. Officials from the two countries signed five agreements (cooperation documents)Read More

UAE Firm Plans to Invest $3 Billion in Pakistan –With Focus On Real Estate Sector

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 Commercial Investment, made the commitment to invest in Pakistan’s real estate development, agriculture and fisheries, energy, hospitality and leisure, healthcare and education sectors, the Gulf Today reports. Last week, State-owned Chinese construction company China CivilRead More

Islamabad Seeks to Raise Up to $1 Billion From Expats as Reserves Dwindle

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 overseas certificate in U.S. dollars and rupees by June to raise between $500 million and $1 billion a year, Zafar Masud, director general of National Savings at the finance ministry, told Bloomberg by phone onRead More

Pakistani Start-Up Karandaaz to Invest in Women-Led FinTech Firms

“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 invest in women-led financial technology (FinTech) firms after investing a similar fund to improve financial inclusion in the country. “We are finalizing an equity investment of $800,000 in women-owned (fintech) start-ups,” Ali Sarfraz, the chiefRead More

World Bank Estimates Pakistan’s Financial Capital Karachi Needs $10 Billion to be Livable, Competitive

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.

Examining Debt Implications of Belt and Road Initiative

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,