Governments want China to restructure, delay repayments or forgive tens of billions of dollars of loans…
Pakistan
Business news and investment opportunities in Pakistan
STATS
Source: World Bank
Currency: Pakistani rupeeGDP: 314.6 billion USD (2018)
GDP per capita: 1,482.40 USD (2018)
GDP growth rate: 5.8% annual change (2018)
GNI per capita: 5,860 PPP dollars (2018)
Gross national income: 1.244 trillion PPP dollars (2018)
Internet users: 15.5% of the population (2017)
‘New chapter’ as work starts on Afghan leg of TAPI pipeline
Work on the Afghan leg of the 1,814 km, $8bn TAPI natural gas pipeline that will…
Chabahar set to take on Gwadar in fight for traffic on South Asian sea route
The prospect of a new strategic sea route connecting Iran, India and Afghanistan came one step…
US revives Silk Road projects in bid to counter China’s ‘soft power’ ambitions
New Silk Road: The Trump administration this week announced it was reviving two major infrastructure projects…
First convoy arrives in Gwadar down China-Pakistan Economic Corridor
China-Pakistan Economic Corridor: Pakistani’s Prime Minister Nawaz Sharif and China’s Ambassador to Pakistan Sun Weeding joined…
Turkmenistan secures $700m from IDB for TAPI pipeline to India
TAPI: Turkmenistan has secured a $700m loan from the Islamic Development Bank to lay the long-awaited TAPI…
CPEC expected to boost GDP growth to 7.5%, claims new report
The China-Pakistan Economic Corridor (CPEC) will create more than two million jobs and take Pakistan’s GDP growth…
Pakistan export drive targets UAE
Pakistan export drive: Pakistan has set aside $170m to trigger a 10% – or $35bn – annual increase in exports, according…
$100m CAREC motorway becomes first ADB-AIIB co-financed project
CAREC motorway: The Asian Development Bank (ADB) yesterday agreed to lend Pakistan $100m to complete the remaining 64km…
SPIEF #3: Putin calls on Asian powers to join greater Eurasian Partnership
Eurasian Partnership: Russian President Vladimir Putin wants to set up an economic union spanning the EEU, China, India,…
Regions agree to open Pakistan hydro power projects up to foreign investors
Pakistan hydro power: Pakistan’s regional authorities this week unanimously agreed to invite foreign companies to take over…
Sanctioned Russian company wins Pakistan gas pipeline contract
Pakistan gas pipeline: A key committee within the Pakistani government yesterday gave its approval to Russia’s…
Xinjiang and Pakistan strengthen ties amid security concerns
Companies from China’s violence-prone far western region of Xinjiang have signed deals with Pakistan worth about $2bn…
38 enterprises earmarked for Pakistan privatisation – but at mate’s rates?
Pakistan privatisation: Prime Minister Nawaz Sharif’s ruling Pakistan Muslim League-Nawaz (PML-N) government prepared the groundwork for the…
Qatargas in $15bn Pakistan LNG deal
Pakistan LNG: The Qatar Liquefied Gas Company (Qatargas) yesterday clinched a contract to supply Pakistan with 3.75m…
Qatargas undercuts Shell to secure $1bn Pakistan LNG contract
Pakistan LNG contract: Royal Dutch Shell looks set to lose its contract to supply Pakistan with LNG worth over $1bn…
US sanctions on Chemezov causing delays to Iran-Pakistan gas pipeline
Iran-Pakistan gas pipeline: Pakistan’s $2bn LNG pipeline project has hit a snag after it emerged that the Russian…
RusGaz nominated to help build Pakistan LPG plants
Pakistan LPG: Russia has agreed to step up cooperation with the authorities in Islamabad to tackle Pakistan’s’ ongoing energy…
Pakistan creates five SEZs along China-Pakistan Economic Corridor
The federal government of Pakistan has upgraded five industrial estates to special economic zone status as…
Major rail upgrade announced as part of China-Pakistan Economic Corridor
Pakistan’s government is planning a major upgrade of the rail networks along and around the main China-Pakistan Economic…
Gwadar looking forward to the light at the end of the China Pakistan Corridor
Gwadar: When it comes down to tales to tell your grandchildren, being one of the first…
Rostec subsidiary wins Pakistan’s North-South gas pipeline project
In the first major deal between Pakistan and Russia in 40 years, Rosneft subsidiary RT-Global Resources …
Turkmenistan to start work on TAPI pipeline by year end
Turkmenistan today announced that it will start work on construction of the long-delayed $10bn TAPI gas pipeline…
Pakistan looks to boost ties with EEU
Pakistan would consider importing oil and gas from Kazakhstan and would like to establish a free…