Apr 19, 2022 Finnfund, a development financier and impact investor of the Finnish Government, is strengthening their role and expertise as an impact investor in the insurance sector. The 3 million US dollar equity investment in TPL Insurance...
Mian Mohammad Shehbaz Sharif was elected as the 23rd prime minister of Pakistan on Monday, receiving 174 votes in the 342-strong National Assembly after the Pakistan Tehreek-i-Insaf, which is the largest party in the lower house with 155 seats, boycotted the session...
Services export grew by over 24.25 per cent year-on-year in the first four months of the current fiscal year with a major contribution from the highest-ever growth in export of IT services, showed data released by the Pakistan Bureau of Statistics (PBS) on Friday. In...
Daraz Group, the e-commerce retailer backed by Alibaba Group Holding Ltd., expects to continue doubling retail volume over the next 5 years thanks to its lead in emergent South Asian markets. Daraz should maintain a compound annual growth rate of about...
Global investors are pouring money into Pakistan’s budding tech sector. Funding this year has outstripped the last six combined. Read the Bloomberg story.
A Bloomberg Story. Qatar, the world’s top supplier of liquefied natural gas, will invest in Pakistan’s next import terminal in a bid to support one of the fastest growing buyers of the super-chilled fuel. Click to full Bloomberg Story.
A Dawn Article. KARACHI: Industries and Production Minister Makhdum Khusro Bakhtiar has said that addition of 900MW in power generation capacity for Karachi is a gift for people and the industries. He said Prime Minister Imran Khan will inaugurate K-Electric’s Bin...
A Tribune Article. KARACHI: A Karachi-based prosthetics company has broken a world record by fitting a multi-grip bionic arm on a four-year-old child. Being the first private, non-profit company in the country to design and produce bionic arms in 2016, Bioniks...
A Dawn Article. ISLAMABAD: The first-ever EU-Pakistan Business Forum for Small and Medium Enterprises was launched on Wednesday which is aimed at boosting trade with countries in the European Union. The objective of the forum is to provide opportunities to both EU and...
A Bloomberg Article. Index provider MSCI Inc. downgraded Pakistan to a frontier market, four years after its ranking was raised to an emerging market. “Although the Pakistani equity market meets the requirements for market accessibility under the...
A International News Article. KARACHI: Consumer Price Index (CPI)-based inflation was recorded at 8.4% on a year-on-year basis in August 2021, compared to 8.41% in July 2021 and 8.21% in August 2020, according to the data released by the Pakistan Bureau of Statistics...
A Bloomberg Article: Pakistan is stepping up food imports as it sees a surge in demand for staples in neighboring Afghanistan inflating prices at home. “If demand from Afghanistan increases and we don’t have sufficient stocks, it will put pressure on prices,”...
A Bloomberg Article. The United Arab Emirates awarded an oil concession to companies from Pakistan for the first time. A group led by state-owned Pakistan Petroleum Ltd. will invest about $305 million to find crude and natural gas in the UAE’s Persian Gulf...
Another great milestone in teachers training reached today when the first teachers finalized their first phase of “Teach like a Finn” training by Finnish Global Education Solutions (FGES) from Finland and Teacher’s Resource Centre (TRC), a NGO from...
A Bloomberg Article. A unit of Pakistan’s TPL Corp. plans to raise as much as $500 million through a private real estate investment trust, marking one of the largest such fundraisings in the nation’s history. TPL REIT Management Co. is seeking to raise 60%...
A Pakistan Observer Article. KARACHI – A United Arab Emirates-based real estate company has announced to invest $30 million in Pakistan amid Prime Minister Imran Khan-led government’s special packages for construction sector. Diyár Homes Limited will make the...
A News Article. ISLAMABAD: The International Monetary Fund (IMF) has released $2.75 billion to Pakistan, the State Bank of Pakistan (SBP) confirmed receiving the amount on Tuesday. The amount has been transferred as part of Special Drawing...
Over this summer Finland and Pakistan have been celebrating the 7 Decades of bilateral Diplomatic Relations, starting in 1951. During this interesting journey of 70 years, the role of Honorary Consuls of both countries has been quite significant already since 1950 –...
