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Pakistan HC Zakaria meets leaders and officials in Scotland

Pak HC to UK, Nafees Zakaria, with the Pakistani community in Glasgow

Pakistan HC visits Scotland, calls on the First Minister Nicola Sturgeon, meets Trade & Investment officials, addresses community Pakistan High Commissioner to the UK, Mohammad Nafees Zakaria, during his visit to Scotland, called on Rt. Hon. Nicola Sturgeon MSP, First Minister of Scotland, at her official residence, Bute House, Appreciating the Scottish Government’s Pakistan Engagement Plan, Mr. Zakaria apprised her ... Read More »

Pakistan, Bahrain sign MoUs to promote bilateral trade, investment

Pakistan, Bahrain sign MoUs to promote bilateral trade, investment

Pakistan and Bahrain, on Monday, signed Memorandum of Understandings regarding promotion of bilateral trade and investment, avoidance of double taxation and prevention of tax evasion.  These MoUs were signed by Foreign Minister of Pakistan Shah Mahmood Qureshi and his Bahraini Counterpart Shaikh Khalid bin Ahmed bin Mohammed Al Khalifa in Islamabad on Monday. The two leaders agreed for further enhancement ... Read More »

Delegation of 20 French companies visit Pakistan

Pakistan and France

A delegation of 20 French companies active in various sectors led by the MEDEF International, the most representative organization of the French private sector at an international level, is on a visit to Pakistan from 8th to 11th April 2019. The delegation will be headed by Mr. Thierry Pflimlin, Chairman of the France-Pakistan Business Council of MEDEF International and President of Total ... Read More »

US-Turkey relations enter crisis mode as Trump doubles tariffs

US Turkey

Donald Trump doubles Turkey tariffs ‘against World Trade Organisation rules’ as lira falls by 20% US President Donald Trump imposed higher tariffs on metal imports from Turkey, sending the country’s lira currency to a new record low. Trump doubled the U.S. tariffs on Turkish aluminum and steel imports to 20 percent and 50 percent, respectively. Due to this harsh move, the Turkish ... Read More »

Dubai’s Al Futtaim to establish Renault car plant in Faisalabad

Renault car

Al-Futtaim Group, one of the biggest conglomerates of the United Arab Emirates, has acquired an industrial plot for setting up an automotive plant for the manufacturing and assembly of Renault vehicles in Pakistan. The facility will be set up at M-3 Industrial City in Special Economic Zone Faisalabad. “Al-Futtaim is fully committed to the Pakistani market and to this project,” ... Read More »

Alibaba Group enters Pakistan’s ecommerce market with Daraz acquisition

Alibaba all set to enter Pakistan after signing first MoU

Alibaba expands South Asia footprint, snapping up Pakistani online retailer Daraz Alibaba, the Chinese technology group, has expanded its e-commerce business into South Asia by buying Daraz, the Pakistani online shopping business started by the German company Rocket Internet. Daraz, founded in 2012, is backed by European tech incubator Rocket Internet. It operates in Bangladesh, Myanmar, Sri Lanka and Nepal ... Read More »

Turkish tea company Caykur opens factory in Pakistan

Turkish tea company Caykur opens factory in Pakistan

Turkish tea company Caykur opens factory in northern Pakistan Turkey’s state-run tea company Caykur has opened a factory in northern Pakistan. The factory was inaugurated by the General Directorate of Tea Enterprises of Caykur in the Mansehra region, around 200 kilometers from the capital Islamabad. Caykur Chairman Imdat Sutluoglu as well as Yusuf Zafar, the head of Pakistan’s Agricultural Research ... Read More »

CCI Pakistan opens $45m Greenfield bottling plant

CCI Pakistan opens $45m Greenfield bottling plant

CCI has invested more than $500 million in its business in Pakistan since 2008, doubling its market share. CCI Pakistan, Coca-Cola’s bottler in Pakistan inaugurated its Greenfield bottling plant in Faisalabad. CCI Pakistan is a subsidiary of Coca-Cola İçecek (CCI), headquartered in Turkey, the sixth-largest bottler in the Coca-Cola system globally. Set up with an investment of US$ 45 million, ... Read More »

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