NEW YORK, Jan. 19, 2021 (GLOBE NEWSWIRE) — Madison Realty Capital, a New York City based real estate private equity firm focused on debt and equity investment strategies, today announced it has provided $53 million in construction financing to Heritage Equity Partners, led by Toby Moskovits and Michael Lichtenstein, for a 150-unit ground-up multifamily development […]
FDI to Pakistan Falls by 29 Percent in July to December 2020
Foreign Direct Investment (FDI) to Pakistan decreased by 29 percent during the first half of the fiscal year 2020-21 (July to December 2020), central bank data showed on Tuesday. According to the State Bank of Pakistan (SBP), Pakistan was only able to attract less than a billion dollars in FDI during the H1FY21, to the
3G, 4G Users Reach 90.5 Million in Pakistan
The number of 3G and 4G users in Pakistan reached 90.5 million by the end of December 2020 compared to 88.8 million by the end of November, Pakistan Telecommunication Authority (PTA) data showed. This is an increase of 1.7 million subscribers in one month. The number of Mobile phone users in Pakistan reached 175.62 million by the
Balochistan Gets Its First Investment Policy for Socio-Economic Development
A first-of-its-kind investment policy has been introduced in Balochistan to attract investments in various spectrums of socio-economic development. The Chief Executive Officer of the Balochistan Board of Investment and Trade, Farman Zarkoon, said in a statement on Monday that the new investment policy is one of the latest incumbent reforms in a series of recurring
Rupee Loses Ground Against All Major Currencies
Pakistani Rupee lost 8 paisas against the US Dollar in the interbank currency market on Tuesday. This comes after a h19 paisa loss for PKR against the greenback on the opening day of the week. PKR closed at Rs. 160.60 to the USD on Tuesday (January 19) compared to Rs. 160.52 on Monday. Yesterday, due
Sheikh for streamlining daily release of wheat to ensure steady supply in provinces
Minister for Finance and Revenue, Dr Abdul Hafeez Sheikh has directed the provincial governments to follow a self-sustaining model and streamline daily release of wheat to ensure steady supply in the provinces. Chairing the meeting of the National Price Monitoring Committee in Islamabad, he directed the Ministry of National Food Security and Research to chalk
Pakistan is one of the largest potential e-commerce markets: Dawood
Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood says Pakistan is one of the largest potential e-commerce markets in the world. In a tweet on his official twitter account, he appreciated the e-commerce promoter ‘Bazaar Technologies’ on successfully raising 6.5 million dollars. The Advisor said this is impressive considering the fact that
Kamal stresses need to promote investment in minerals sector
Balochistan Chief Minister Jam Kamal Khan has said that all available resources are being utilized for socio-economic development of the people of the province. Chairing the Provincial Cabinet meeting held in Quetta, he said that the present government has started various development projects across the province without any discrimination. He stressed the need to take
Over Rs79bn developmental funds released during current fiscal year: CM KP
No Comment Government & Politics
The Khyber Pakhtunkhwa Chief Minister Mahmood Khan says more than seventy-nine billion rupees developmental funds have been released during the current fiscal year. Presiding over a review meeting of the ADP in Peshawar, he said about eight hundred developmental projects are in the final phases of completion across the province. The Chief Minister expressed satisfaction
Opposition’s plan to increase pressure on the state institutions will fail: Sarwar
No Comment Government & Politics
Punjab Governor Chaudhry Muhammad Sarwar has said the opposition’s plan to increase pressure on the state institutions will fail once again. Talking to MNA Sadaqat Ali Abbasi, who called on him in Lahore today (Tuesday), he said the government is pursuing the policy of making institutions free from political interference. The Governor said that today