May 22, 2022

Pkrevenue.com

Pakistan Revenue

Tag: investment

Jazz invests Rs14.9 billion during first quarter
Apr 28
IT & Telecom

Jazz invests Rs14.9 billion during first quarter

KARACHI: Jazz has invested PKR 14.9 billion under its ‘4G for all’ ambition during the first quarter of 2022, taking its overall investment in Pakistan to US$10.2 billion, according to a statement on Thursday. A majority of its capital expenditure during this quarter was on the addition of approximately 500 new 4G sites, reaching a […]

by
Read More
PKIC to make Rs500 million investment in Planet N
Jun 3
IT & Telecom

PKIC to make Rs500 million investment in Planet N

KARACHI: Pakistan Kuwait Investment Company (Private) Limited (PKIC) announces that it is making an equity investment of Rs500 million in Planet N (Private) Limited. This is the largest equity investment by a local Financial Institution in a Tech Investment Platform in Pakistan. It was approved by the Board of PKIC in December, 2020. This investment […]

by
Read More
SBP allows investment abroad by resident individuals, companies
Feb 10
Stock & Commodity

SBP allows investment abroad by resident individuals, companies

KARACHI: The State Bank of Pakistan (SBP) on Wednesday allowed resident Pakistani individuals and companies to make equity-based investment in entities abroad on repatriable basis. The central bank issued FE Circular No. 01 dated February 10, 2021 under which the residents of Pakistan including firms and companies are allowed to make equity-based investment in entities […]

by
Read More
Investors of saving schemes to explain source of income
Dec 23
Finance

Investors of saving schemes to explain source of income

ISLAMABAD: Investors of National Saving Schemes (NSS) will explain source of income for their existing investments under ongoing drive of the government to check money laundering and terror financing. The ministry of finance last week issued draft National Savings Schemes (AML and CFT) Rules, 2019 to document the investment and identify links of investments to […]

by
Read More
Imran Khan invites investors to benefit from Pakistan’s business opportunities
Jul 22
National

Imran Khan invites investors to benefit from Pakistan’s business opportunities

KARACHI: Prime Minister Imran Khan has invited overseas businessmen and investors to benefit from the economic and business opportunities afforded by Pakistan’s strategic location and the connectivity to the broader region. He was talking to a group of prospective investors that led by Javaid Anwar, a leading Pakistani-American businessman, called on the prime minister at […]

by
Read More
Engro Corp announces Rs7.5 billion investment in telecom infrastructure
Apr 26
Corporate, IT & Telecom

Engro Corp announces Rs7.5 billion investment in telecom infrastructure

KARACHI: Pakistan’s premier conglomerate, Engro Corporation, has announced investment in telecom infrastructure. The investment has been approved by board of directors of the corp. in its meeting held on April 25, 2019. The BoD also approved financial results for the quarter ended March 31, 2019. Engro Corporation, in light of its long-term strategy, has streamlined […]

by
Read More
Saudi Arabia signs pact for $20bn investment in Pakistan
Feb 17
National

Saudi Arabia signs pact for $20bn investment in Pakistan

ISLAMABAD: Saudi Prince Mohammed bin Salman on Sunday said that his country signed investment agreements worth $20 billion in Pakistan.  At a reception hosted by Prime Minister Imran Khan, the Saudi Prince said that it was great moment for him as it was creating great future for Saudi Arabia and Pakistan. Saudi Arabia and Pakistan […]

by
Read More