Category: General

SIFC providing support to govt to discover new petroleum reserves

Special Investment Facilitation Council is providing full support to the government to discover new petroleum reserves. In this regard, Oil and Gas Development Company Limited (OGDCL) and China Central Depository and Clearing Company (CCDC) have signed a memorandum of understanding to develop Pakistan’s shale and tight gas potential. OGDCL has

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President, PM call for focusing on climate change mitigation

National Resilience Day is being observed across the country on Tuesday to express solidarity with the victims of 2005 earthquake. In their separate messages on the occasion, President Asif Ali Zardari and Prime Minister Shehbaz Sharif have called for focusing on mitigating the impacts of climate change through effective coordination

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NEOC issues alert for potential tropical cyclone in Arabian Sea

The National Emergencies Operation Center (NEOC) has issued an early alert regarding a developing low-pressure system in the Arabian Sea, which has the potential to transform into a tropical storm. The system is currently positioned near the Lakshadweep Valley and is expected to move northwestward. Early forecasts suggest the possibility

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President for business-friendly environment to improve economy

President Asif Ali Zardari has called for providing business-friendly environment by further rationalizing the interest rate, providing cost-effective energy, and supporting export-oriented industries. He was addressing the 12th Federation of Pakistan Chambers and Commerce and Industry Excellence Awards ceremony in Islamabad today (Tuesday). The President urged the business community to

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Pakistan seeks long-term partnership with Russia: Asif

Ambassador of the Russian Federation, Albert P. Khorev called on Minister for Defence Khawaja Muhammad Asif in Islamabad. They discussed matters relating to bilateral defence and economic cooperation. The Defence Minister reiterated Pakistan’s commitment to regional peace and security. He said Pakistan intends to forge a long-term multidimensional partnership with

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Chinese delegation expresses confidence in SIFC

A delegation of China’s Asia Economic Development Association has visited Special Investment Facilitation Council. The SIFC officials briefed the delegation about prospects of industrial development and investment opportunities in Pakistan. The delegation expressed interest for investment in key sectors including industry, banking, defence, energy, agriculture, livestock, aquaculture and healthcare. The

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