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Trade
Qatar Investment Authority’s CEO discusses investment proposals with PM Shehbaz Sharif
Doha, 6 March 2023 (GNP): Mansoor Ebrahim Al-Mahmoud, the Chief Executive Officer (CEO) of the Qatar Investment Authority (QIA), met with Prime Minister Shehbaz Sharif in Doha to discuss the status of numerous investment projects in a…
Two Pakistani institutions team up to promote CPEC, BRI and Pakistan-China friendship
Islamabad, 14 February 2023 (GNP): The China Study Centre, COMSATS University Islamabad, and Centre for BRI and China Studies – Institute of Peace and Diplomatic Studies, Pakistan, signed a memorandum of understanding (MoU) at Junaid Zaidi…
FPCCI strengthens business and investment connections with Bulgaria
Islamabad, 11 February 2023 (GNP): Irena Gancheva, the ambassador of Bulgaria to Pakistan, and Irfan Iqbal Shaikh, the president of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI), met in person.
The officials spoke…
Pakistani economy will survive in 2023
The likely state of Pakistan economy in the year 2023
Microchip Industry and World’s obsession
The microchip industry has been growing at an exponential pace for several decades, playing a crucial role in the development of modern technology. From smartphones and laptops to cars and medical devices, microchips are the building blocks…
Saudi Arabia aims to produce 5 lac electric cars every year by 2030
Riyadh, 27 January 2023 (GNP): According to the Saudi Press Agency (SPA), the Ministry of Industry of the Kingdom of Saudi Arabia and Hyundai Motors have agreed to develop a factory in the Kingdom for the final assembly of electric…
Amazon starts air freight service in India
Delhi, 24 January 2023 (GNP): According to Amazon Inc., the company will launch its own air cargo fleet in India named 'Amazon Air' to expand and speed up deliveries across one of its key markets.
After Canada and the United States,…
Pakistan to import oil from Russia
Islamabad, 21 January 2023 (GNP): After the end of the annual inter-governmental commission between Russia and Pakistan, it was agreed that Russia will export crude oil to Pakistan starting from March this year.
The news was confirmed by…
Saudi Arabia up for investing more in Pakistan
Riyadh, 19 January 2023 (GNP): Crown Prince Mohammad Bin Salman, on January 17, ordered the authorities of Saudi Arabia to increase the country's investments in Pakistan by $10 billion, giving a major boost to Pakistan’s efforts to…
Reko Diq extraction project to start in 2028
Chaghai, 17 January 2023 (GNP): The Canadian company Barrack Gold has announced the development of Reko Diq, which will begin in 2028. A ceremony was held at the office of Chief Minister’s secretariat on 15 January 2023, where Barrick Gold…
Azerbaijan, Uzbekistan enhancing bilateral trade up to $1bn
Baku, 8 January 2023 (GNP): Recently there was a meeting that took place between two important central Asian states Azerbaijan and Uzbekistan where both countries discussed the economic potential they have if they could collaborate by…
Pakistan Govt. will sell LNG Plants to Qatar
Karachi, 7 January 2023(GNP): Pakistan's government has decided to sell two LNG power plants to raise an estimated $1.5 billion. Previously these plants were to be privatized, however now, the government aims to sell state assets to Qatar…
Millat Tractors to Shutdown in Pakistan
Islamabad, 6 January 2023 (GNP): Millat Tractors, the biggest tractor producer in Pakistan has decided to cease its operations in the country from 6th January onwards, due to a cash flow crisis and low demand.
The news comes after major…
KIA to Shutdown Karachi Dealership Permanently
Karachi, 30 December 2022 (GNP): KIA ltd. has announced to close its operations in Karachi permanently in an official post on its website, stating: "The only reason for the closure of Kia Motors Shahrah-e-Faisal showroom was the expiry of…
Pakistani Rupee Devalues Against Dollar
Islamabad, 29 December 2022 (GNP): According to sources, Rupee has fallen in value in comparison with the American dollar by 225 at the inter-bank market after two and a half months. There have been reports of people putting their savings…
Nishat Chunian Limited to Shut Down in Pakistan
Islamabad, 28 December 2022 (GNP): One of Pakistan's largest textile manufacturers, Nishat Chunian Limited, has declared that it will temporarily halt operations due to the current political and economic unrest in the nation. Organizations…
Today’s Gold Rate In Pakistan
Islamabad, 27th December 2022 (GNP): An abnormal rise in gold prices in Pakistan has been recorded and observed. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold per tola started to rise this week on…
US to ban trade with 30 Chinese companies
Washington, D.C., 14 December 2022 (GNP): Biden administration decides to put 30 Chinese technological companies on the trade blacklist. This sanction would hinder the Chinese companies from purchasing certain tools and components from…
Indonesian Envoy commends Pakistan-Indonesia trade growth
Lahore, 8 December 2022 (GNP): Adam M. Tugio, the Indonesian Envoy, expressed his gratitude to the Punjab government and business community for their active support and collaboration in fostering bilateral economic relations between…
Growing Infrastructure Development in Pakistan by Chinese EPC Companies
Beijing, 6 December 2022 (GNP/ TDI): Dr. Hassan Daud Butt, the former CEO of the Khyber Pakhtunkhwa Board of Investment & Trade (KP-BOIT) held a meeting with the Chinese General Manager of China Energy International Group (CGGC), Lv…
Global Business Alliance departs for Azerbaijan
Lahore, 26 November 2022 (GNP): Today, the Global Business Alliance (GBA) delegation left Lahore for Azerbaijan. The group members have a wide range of commercial business expertise.
From November 26 to December 3, 2022, the GBA will…