Tag: investments

Investments in dates processing plants sought

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article image SUKKUR: Ex-chief minister Sindh Qaim Ali Shah invited local and international investors to invest in the Khairpur Economic Zone to explore the opportunities of establishing dates processing plants. Addressing the 8th international dates’ festival, the former chief minister said the country exports 90 million dollars worth of dates a year, which is a good achievement. "Local growers as well as the people of Sindh are still not getting…Read More

Need to attract foreign IT investments

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Following the launch of 3G and 4G technologies in Pakistan, the local IT and telecom market has been wide open to the world of business giants. Fresh statistics reveal that not only the international business groups have started turning up to the local IT and telecom sector with multiple working initiatives and joint ventures with local companies but also it has promoted the environment of entrepreneurial ecosystem. The 3G and 4G technologies, introduction of high speed broadband,…Read More

Anusha highlights IT potential for investments

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article image STAFF REPORT ISB: There exists a huge potential for investment and profitable business ventures in telecom sector in Pakistan and foreign investors can take advantage of these opportunities, Minister of State for ITandT Anusha Rehman said. "Investment can be made in manufacturing of 3G/4G compatible mobile handsets in wake of new opportunities created after launch of advanced telecom services," said the minister while addressing a recently held two-day conference.She…Read More

Rocket Internet, Ooredoo agree to bring investments

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article image STAFF REPORT ISB: Rocket Internet, a German start-up incubator, has partnered with Ooredoo Q.S.C, a Qatar-based telecommunications provider, to form Asia Internet Holding’ and will jointly build and fund existing e-commerce startups especially those focused on mobile services. This merger will benefit Rocket Internet’s ventures operating in Pakistan. The collaboration is expected to bring in heavy foreign investment to Pakistan, especially through Rocket Internet’s most…Read More

More investments in IT sector needed

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article image STAFF REPORT IBD: Pakistan is lagging behind from other countries of emerging economies vis-à-vis investment in information technology (IT), as due investment is not being made here with regard to automation and IT sector as an industry. "With the issuance of 3-G license in Pakistan in March 2014, there will be visible impact on transformation. Naveed further said the Punjab government is moving in right direction vis-à-vis adoption of latest technology," said Naveed…Read More

Pakistan needs $4b yearly investments for energy

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article image STAFF REPORT KHI: The Planning Commission has estimated that the total investment of about $4 billion per annum are required to meet the country’s energy needs which are projected to grow at a pace of 2.0 GW per year in the next five years.An updated version of the Pakistan Integrated Energy Model Policy Analysis Report represents a least cost development path for the national energy sector that supports the government’s projections for GDP growth.However, the projections depend on many…Read More