ISLAMABAD: Ambassador-at-Large on Investment Zeeshaan Shah has urged the American-Pakistani investors to shift their investments to Pakistan for big returns as Pakistan provided lucrative investment opportunities.   Zeeshaan Shah made this statement while addressing the American Pakistani investor diaspora in Houston, USA, at an event arranged by the Bank of Punjab in collaboration with Pakistan Chamber of Commerce, in Houston, USA. The …

ISLAMABAD: Days after a victim lifted the lid on the National Accountability Bureau (NAB) former chief’s ‘sleazy conduct’, the federal cabinet on Saturday approved the formation of an inquiry commission and its terms of references (ToRs) to probe into the allegations of sexual harassment. On July 15, the federal cabinet had approved the proposal of the Ministry of Law and …

— 50 Houses swept away by flash floods in Kandia Tehsil KOHISTAN: Flash floods triggered by heavy rains caused massive destruction in the Kandia tehsil of Upper Kohistan on Sunday as at least 50 houses and mini-power stations were washed away, an official said. Tehsildar (revenue officer) Muhammad Riaz told media that around 50 houses were swept away in the …

 — International developer to launch tailor-made development for overseas Pakistanis ISLAMABAD: As a major boost to the federal government’s efforts to lure foreign direct investment (FDI) in the country, One Homes, a leading international property developer company has acquired a 100,000 square feet piece of prime land in the twin cities for Islamabad and Rawalpindi to become first ever tailor-made resort …

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday urged the Election Commission of Pakistan (ECP) to announce its “long-delayed judgment” in the Pakistan Tehreek-e-Insaf (PTI) prohibited funding case. He claimed that the “impunity given to him has hurt the country.” The case, previously known as the ‘foreign funding case’, was opened in March 2018, while the ECP has reserved its judgment …

ISLAMABAD: The Pakistani rupee hit an all-time low on Tuesday against the US dollar, reaching Rs222 in the interbank market despite an announcement by the International Monetary Fund (IMF) regarding the resumption of the multi-billion-dollar loan programme. The local currency continued its downward trend today and depreciated further by Rs6.90 against the greenback. The rupee had nosedived Rs4.25, or 1.97%, against …

The Supreme Court on Tuesday, while issuing notices to the federation, law secretary, attorney general and the National Accountability Bureau (NAB) in connection with PTI Chairman Imran Khan’s application challenging the amendments to the NAB Ordinance, asked the party why it did not raise its objections in parliament. A three-member bench, comprising Chief Justice of Pakistan (CJP) Umar Ata Bandial, Justice …

ISLAMABAD: Prime Minister Shehbaz Sharif has appointed eminent entrepreneur Zeeshaan Shah as Ambassador-at-Large on Investment, according to a notification issued by secretary to the prime minister. Later, Zeeshan Shah called on Prime Minister Shehbaz Sharif and discussed in detail his plans to facilitate foreign investment to Pakistan. The prime minister assured Shah of full support of his government and said …

China’s exports rebounded and grew at a double-digit pace in May, shattering expectations and adding to signs that China’s economy is recovering from COVID-19 outbreaks as factories restarted and logistics snags eased in Shanghai, customs data showed on Thursday. The country’s exports rose 16.9 percent in May year on year in dollar terms, accelerating from April’s 3.9-percent increase, according to …

WASHINGTON: A US court has issued warrants for the seizure of two luxury planes owned by Russian billionaire Roman Abramovich. According to a press release from the Department of Justice, the move is part of the recent sanctions issued against Russia over the conflict in Ukraine. Authorities say the American-made planes were flown into, and out, of Russia without obtaining …