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Agreements

Govt plans to sign agreements with China, UAE to check money laundering: PM’s assistant

ISLAMABAD: Special Assistant to the Prime Minister on Accountability Shahzad Akbar on Sunday said that the government would sign agreements with China and the UAE for the exchange of information and joint investigation to check the money laundering. "Nine to ten billion dollars of money laundering was annually taking place from Pakistan. Since the relevant institutions such as the FIA have been activated and being fully supported, therefore, cases of corruption and those of fake accounts are being unearthed," he said…

Isolated Qatar signs agreements with Oman

DOHA: Qatar signed a memorandum of understanding with Oman on the development of bilateral investment and trade Sunday, nearly eight months into a crisis between the emirate and its Arab neighbours. The Omani news agency ONA said the agreement signed in Muscat covers a wide range of cooperation sectors including the production and export of food products from the sultanate to them. Omani Agriculture Minister Fuad al-Sajwani, quoted by ONA, said the memorandum reflected the "solid relationship" between the two…

How Pakistan’s economy fared in the year 2017

Pakistan's economic growth has historically been tumultuous and unsteady, which adds to the uncertainty of the country’s economic conditions. However, the latest trends show an upward projection. Pakistan's economy has become 42nd largest in terms of the gross domestic product (GDP) while 25th largest in the world in terms of purchasing power parity. Plus, there are increasing and encouraging signs of bulk foreign investments in the near future in the country. Despite some blemishes and political instability,…

Amendment in various agreements, conventions between Pakistan, other countries approved

ISLAMABAD: The federal cabinet on Tuesday approved different agreements and conventions made between Pakistan and other countries. The meeting of cabinet was held in Islamabad with Prime Minister Shahid Khaqan Abbasi in the chair. The cabinet approved signing of negotiated draft visa abolition agreement between Pakistan and Italy for the holders of diplomatic passport. Read More: Federal cabinet lifts ban on govt appointments It also granted approval to amend the existing conventions with Sri Lanka, Nepal, France,…

Pakistan, China sign CPEC agreements, MoUs

BEIJING: Pakistan and China on Saturday signed several Memorandum of Understandings (MoUs) and agreements related to China Pakistan Economic Corridor (CPEC) project. The two countries agreed on implementation of the upgradation of ML1 and the establishment of Havelian Dry Port in Pakistan. The neighbouring countries also signed a grant agreement on the Gwadar airport and an MoU on cooperation within the framework of the Silk Road Economic Belt and the 21st century Maritime Silk Road Initiative. The agreements and MoUs…

Pakistan signs four agreements to set up 1,650 MW coal power plants

ISLAMABAD: The government on Wednesday signed four agreements to set up two 1,650 MW coal based power plants in Hub and Thar under China Pakistan Economic Corridor (CPEC) project. The agreements included two each for implementation and power purchase and were signed between representatives of China Power Hub Generation Company (Private) Limited (CPHGC), Hub Power Company (HUBCO) and Private Power Infrastructure Board (PPIB). Minister for Water and Power Khawaja Muhammad Asif and Secretary Water and Power Mohammad…

Pakistan, Belarus sign several agreements and MoUs

ISLAMABAD: Several important agreements and Memorandum of Understandings were inked between Pakistan and Belarus on Thursday. President of Belarus Alexander Lukashenko said the agreements and MoUs signed between the countries would go a long way to bring both the countries closer in future. He also supported privatization and highlighted the free trade zone facilities available in Belarus. He suggested for direct flight connection between the two countries, formation of working group and implementation of agreements /…