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wef 2017

Davos: 5 key themes this year

DAVOS, SWITZERLAND: The global elite wraps up its talkathon in the Swiss ski resort of Davos on Friday -- around the same time as Donald Trump enters the White House on a wave of anti-elitist anger. Here are five key themes from this year's World Economic Forum, which gathers movers and shakers from business, politics, academia and showbiz every year for a week of earnest debate and extravagant partying. China: globalisation's new saviour? China's President Xi Jinping emerged as an unlikely capitalist hero as Davos…

Int’l companies term Pakistan an investment friendly country

DAVOS: Senior Executives of leading International companies have termed Pakistan as one of the most investment friendly countries in the world. They were speaking at a dinner hosted by Abraaj Group of UAE at Davos, which was attended by Prime Minister Nawaz Sharif as chief guest, and senior executives of leading international companies including City Bank, Unilever, McKinsey and others. Senior executives candidly spoke about the change brought by the present government in ease of doing business in Pakistan. They…

PM Sharif calls on UNSG Guterres to resolve Kashmir issue

DAVOS: Prime Minister Nawaz Sharif on Thursday called on the United Nations Secretary General Antonio Guterres to use his leadership and good offices and play in role in resolving the longstanding issue of Kashmir.  The prime minister had his first meeting with the UNSG since the latter assumed office earlier this month, on the sidelines of annual meeting of the World Economic Forum in Davos, Switzerland. PM Sharif highlighted the issue of Kashmir saying that it is an international dispute which remains unresolved on…

Polio to be eradicated from Pakistan in 2017: Bill Gates

DAVOS: Businessman and philanthropist Bill Gates called on Prime Minister Nawaz Sharif on the sidelines of the World Economic Forum and appreciated the tremendous successes made by Pakistan in regard to polio eradication. Gates commended that the Pakistani government has achieved great success regarding eradication of polio virus from the country during the last three years. Bill Gates said that year 2017 would be the year of polio eradication from Pakistan. The prime minister briefed Bill Gates on the measures…

Alibaba expresses interest to invest in e-commerce sector in Pakistan

DAVOS: Alibaba Holding Group Chairman Jack Ma on Wednesday expressed interest in investing in the e-commerce platform in Pakistan. Jack Ma met with Prime Minister Nawaz Sharif in Davos, Switzerland on the sidelines of the annual meeting of the World Economic Forum. Mr. Ma said that they have closely followed positive economic developments and are interested in investing in Pakistan. He said that China Pakistan Economic Corridor (CPEC) has provided immense opportunities. PM Sharif invited Mr. Ma to visit Pakistan at…

Pakistan a secure destination for foreign investors: PM

DAVOS: Prime Minister Sharif on Wednesday during his meetings with several business leaders said that Pakistan was an attractive destination for foreign investors that offered security and attractive returns. The prime minister expressed these views in a meeting with Group Chief Executive Officer of Standard Chartered Bank Jose Vinals on the sidelines of the 47th World Economic Forum. He said that Pakistan had made a remarkable recovery and all its economic indicators were positive. Mr. Vinals said Pakistan was an…

Swiss companies willing to invest in Pakistan: President Leuthard tells PM Sharif

DAVOS: Prime Minister Muhammad Nawaz Sharif met the President of Swiss Confederation Doris Leuthard on the sidelines of annual meeting of the World Economic Forum in Davos. They discussed a range of bilateral and regional issues, including trade and investment opportunities in Pakistan, and the membership of the Nuclear Suppliers Group (NSG) which will co-chaired by Switzerland in the future. The prime minister complimented Switzerland’s objective, non-discriminatory and criteria-based approach on membership to the…

These are the world’s 10 biggest companies

Today we live in an era where fewer than 10% of the world's public companies account for more than 80% of all profits. These are the world’s largest corporations, compiled by market capitalization (the total market value of a company's outstanding shares). Ten years ago, banks and energy companies dominated the top ten. Today, its technology companies, with US computer company Apple in the number one spot. 10. China Mobile HQ: China Age of company: 20 years Employees: 438,645 China Mobile says it has the world's…

CPEC moving ahead at fast pace, says PM

DAVOS: Prime Minister Muhammad Nawaz Sharif said on Tuesday that projects under China-Pakistan Economic Corridor (CPEC) are being completed at a faster speed is being witnessed as economic game changer in the region. Speaking to media in Davos, the PM said that economic indicators of the country are improving and international financial institutions and rating agencies are acknowledging Pakistan's economic growth. PM Sharif said that unemployment has reduced due to economic stability and growth in the country and job…

PM to attend World Economic Forum meeting in Davos

ISLAMABAD: Prime Minister Nawaz Sharif will visit Switzerland on Monday to participate in the annual meeting of World Economic Forum in Davos-Klosters. The prime minister received the invitation from founder and executive chairman Klaus Schwab. The forum will take place from 17-20 January and will be attended by several world leaders including Chinese President Xi Jinping. PM Sharif is expected to meet several political and business leaders. He will have his first meeting with United Nations Secretary-General Antonio…