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Tag Archives: foreign investors

Govt allows private, foreign investors to provide certain services at Vietnamese airports

HANOI: The government has announced a new decree which for the first time will allow private and foreign investors to provide certain services at Vietnamese airports. According to the decree, which will take effect on December 12, private investors will be allowed to purchase rights to manage airports and provide some ground services such as fuel supply, flight information, and ... Read More »

Solomon Islands planning special economic zones to attract foreign investors

WELLINGTON: The Solomon Islands is planning special economic zones to attract foreign investors. This comes after the prime minister met a Chinese company which says it is willing to rehabilitate Honiara International Airport and the main road connecting the airport to the city. In exchange the Skyline Business Council wants a green light to invest in the Solomons tourism sector.A ... Read More »

Foreign investors ask India to clarify its tax policy

NEW DELHI: Foreign investors asked Indian government to urgently clarify its tax policy, following surprise attempts by tax inspectors to claw back money they say is owed on years of previously untaxed gains. International funds and banks could face a bill of as much as $8 billion, said tax experts, just as many foreign investors are poised to pour money ... Read More »

China to impose 10% capital-gains tax on foreign investors

BEIJING: Chinese watchdog has planned to impose 10 percent capital-gains tax on foreign investors of country. Several decisions to enforce the tax, which has long been the subject of much uncertainty, are likely to deal a blow to some investors. But for funds that have already made provisions to pay, a move on the tax would provide much-needed clarity, allowing money managers to ... Read More »

Iran must end isolation with world economy to boost investment: President Rouhani

TEHRAN:  Foreign investors should no longer be viewed as a threat and signaled his country’s decades-long isolation from the world economy could soon end, said Iran’s President Hassan Rouhani. Speaking at an economic conference in Tehran, he said the Islamic republic would not give up its principles, but it would be better placed to conclusively emerge from recession if it ... Read More »

Google’s Gmail blocked in China

BEIJING: Google Inc’s Gmail was blocked in China after months of disruptions to the world’s most sizably voluminous email accommodation, with an anti-censorship advocate suggesting the Great Firewall was to incriminate. “I cerebrate the regime is just endeavoring to further eliminate Google’s presence in China and even emasculate its market overseas,” verbalized a member of GreatFire.org, who utilizes a pseudonym. ... Read More »

War is over: No more hurdles for Saudi investors

CAIRO: One of the longest conflicts between the state and foreign investors has almost put an end to the dispute between NUBASEED company bought by Saudi investor Abdallah al-Kaaky under former President Hosni Mubarak. The Saudi-Egyptian Businessmen Association announced Sunday that the crisis was ended after President Abdel Fattah al-Sisi instructed the Cabinet to solve conflicts with Saudi investors. The ... Read More »

Nawaz Sharif visits 3 countries to attract foreign investment

ISLAMABAD: Minister for Information and Broadcasting Pervaiz Rashid has said Prime Minister’s visit to China, Germany and Britain will help attract investment in the country particularly in energy sector. In an interview, he said as a result of foreign investment, economic activities will be enhanced, employment opportunities will be created and price hike will come down. The Information Minister said ... Read More »

Samsung overseas ownership reaches 8-year high

SEOUL: Latest data showed that overseas ownership of Samsung Electronics Co climbed 8-year high in South Korean tech giant. According to data released on Sunday, as of Friday, overseas investors held 52.33 percent of the top-cap company on the local bourse, the highest proportion since June 13, 2006, according to data from the Korea Exchange and financial sources. Last month, ... Read More »

Pakistan future hub of trade, commerce in Asia: Ahsan

ISLAMABAD: Federal Minister for Planning, Development and Reforms Ahsan Iqbal said that Pakistan was a future hub of trade, commerce and industry in Asia as it was located in that of the continent. “It is the best time for the foreign investors to invest in Pakistan as the country is rapidly developing and it is becoming stable and peaceful”, he ... Read More »

FBR chairman to brief foreign investors on Monday

ISLAMABAD: The International Investment Conference will be held in the federal capital on 27 October. Federal Board of Revenue Chairman Tariq Bajwa is likely to take part in the event. Bajwa will brief the international participants about tax system in Pakistan. He will also inform them about tax concessions for foreign investors. On the same day, Engro Corporation President Ali ... Read More »

Senate body seeks lists of potential investors from Pakistani envoys

ISLAMABAD: The Senate’s Committee on Trade has sought lists of potential foreign investors from Pakistani envoys via the Foreign Office. The Foreign Office director general (EC&IC) said no doubt they have sought the lists, but foreign investors were treated badly in the past. He suggested that the government should avoid repeating the same mistakes. “If Pakistan wants to attract foreign ... Read More »

Dastgir vows to resolve foreign investors’ tax issues

KARACHI: The government will address all the problems faced by Overseas Investors Chamber of Commerce & Industry (OICCI), said Federal Minister for Commerce Engr Khurram Dastgir Khan. The federal minister, during his visit to OICCI, said that the government was introducing business-friendly policies and it was serious to resolve all the concerns of foreign investors, especially tax-related issues including timely ... Read More »

Govt policies attracting investment in country: President

PESHAWAR: Foreign investors can enjoy Pakistan’s business-friendly environment by safe investment in the country. President Mamnoon Hussain said this while addressing 11th business excellence ceremony organised by Khyber Pakhtunkhwa Chamber of Commerce (KPCCI). The president urged the KPCCI members to play their vital role in creating more economic opportunities in the province. He also lauded the courage of people of ... Read More »

Businessmen, daily-wage earners want early end to sit-ins

ISLAMABAD: Businessmen and daily-wage earner in the federal capital want an early end to the sit-ins staged by Pakistan Tehreek-e-Insaf and Pakistan Awami Tehreek for resumption of normal business and commercial activity. Former president Islamabad Chamber of Commerce and Industry Zahid Maqbool said that the national economy had suffered a loss of Rs1,200 billion to Rs1,300 billion due to the ... Read More »

Midday: KSE builds on overnight tempo, adds 271 points

KARACHI: Stocks steadily built on the overnight gains and rose by 271.59 points or 0.92 percent to take the Karachi Stock Exchange benchmark KSE-100 to 29857.19 points, shrugging off several pressing problems the country has been grappling with at different fronts, in the midday trading on Tuesday. The KSE-100 opened on an upbeat note and kept on upwards march aggressively, ... Read More »

Senate body calls for promoting religious tourism in Pakistan

ISLAMABAD: The Senate Standing Committee on Commerce has recommended to the government that local business community must not be harassed through law which unnecessarily increases cost of doing business and makes the country’s investment climate uncompetitive. “Companies having paid-up capital of around Rs 5,000,000 should be bound to retain a legal adviser,” stressed the draft recommendations prepared by the Senate ... Read More »

Sit-ins put billions of dollars foreign investment at stake

ISLAMABAD: The government fears that billions of dollars foreign investment will go down the drain due if sits-ins by the Pakistan Tehreek-e-Insaf and Pakistan Awami Tehreek continue in the federal capital. “The ongoing PTI and PAT sit-ins have been hitting the national economy hard as foreign investors are reluctant to invest in the country owing to the prevailing political impasse ... Read More »

Imran, Qadri sit-ins: A mixed week for KSE 100-index

KARACHI: A war of nerve between bulls and bears had been continuing at the Karachi Stock Exchange for the entire previous week as the KSE 100-index jolted many a time owing to Azadi and Inqilab marches led by Imran Khan, the chief of Pakistani Tehreek-e-Insaf (PT) and Dr Tahirul Qadri, the chief of Pakistan Awami Tehreek (PAT) in the federal ... Read More »

KSE rises by 200 points amid thaw in political impasse

KARACHI: Amid signs of thaw in the prevailing political impasse that have gripped Pakistan for the past one week, stocks witnessed a sharp rise on Thursday as Karachi Stock Exchange 100-index rose by 200.41 points and crossed the level of 28865.25. On the other hand, in inter-bank market, the dollar fell to Rs 100.90 as it saw a slight decline ... Read More »