Skip to main content

Dutch oil company to invest $2.8 billion in Pakistan

The world-famous Dutch oil company, Royal Vopak will invest 2.8 billion US dollars in Pakistan due to improved investment regime and conducive business environment being provided by the government.

This was revealed during a meeting between a delegation of Royal Vopak and Adviser to Prime Minister on Commerce, Textile, Industries and Production, and Investment, Razak Dawood in Islamabad, Radio Pakistan reported.

They also discussed the new opportunities for investment related to Terminal and Storage Facilities of Liquefied Natural Gas (LNG) in Pakistan.

Earlier in August, Dawood urged the South Korean companies to invest in Pakistan owing to its improved global ranking in ‘Ease of Doing Business’ Index by 11 points in 2019.

“Korea imports US$ 535 billion goods annually in the world, which offers huge potential for Pakistan,” he said in a statement.

The Advisor said the government would welcome the Korean importers’ delegation to Pakistan. He said that KOIMA, the largest Korean importers association is keen to enhance imports from Pakistan.

Chairman KOIMA, Mr Hong Kwang Hee stated that Pakistan is becoming an important destination for Korean imports and KOIMA believed that Pakistani market could be tapped for cheaper imports to Korea.

The post Dutch oil company to invest $2.8 billion in Pakistan appeared first on ARYNEWS.



from ARYNEWS https://ift.tt/2ZylKtC
Labels:

Comments

Post a Comment

Popular posts from this blog

Rouhani calls Imran, discusses resumption of trade

ISLAMABAD: Pakistan and Iran on Wednesday discussed full resumption of bilateral trade, which was halted last month because of the Covid-19 pandemic. “The two sides stressed the need to reactivate borders and border markets and strengthen trade ties by following health guidelines,” a statement issued by the Iranian presidency on the telephonic conversation between Prime Minister Imran Khan and President Dr Hassan Rouhani said. President Rouhani had called the prime minister for Ramazan greetings. Border trade between the two countries was suspended after a meeting of the National Security Committee (NSC), held on March 13, decided to close all borders because of the pandemic. Islamabad partially relaxed the restrictions on April 21, allowing the import of certain food items and provision of petrol and diesel to the border areas. Cargo traffic from Iran was allowed for three days every week. Cargo movement between the two countries takes place through five border crossings — Taftan...
Post a Comment
Read more

Today’s outlook: Sindh CM discusses reopening markets with PM Khan

Here are some of the stories we are expecting to follow today (Thursday): Sindh Chief Minister Murad Ali Shah will take Prime Minister Imran Khan into confidence over reopening shops and markets across the province. The reopened markets will have to follow SOPs. Sindh Transport Minister Awais Qadir Shah will discuss SOPs with transporters for resuming public transport in the coming days. The meeting will be held at the Sindh Assembly building at 1:30pm. The Oil and Gas Regulatory Authority has proposed a price cut of Rs20.68 per litre for petrol in its summary. Imam-e-Kaaba Sheikh Abdul Rahman Al-Sudais has said Masjid Al Haram and Masjid Al Nabawi will be reopened for worshipers soon. He said the Kaaba is being sterilised using latest technologies. Punjab Chief Minister Usman Buzdar will head various meetings during his visit to Bahawalpur. As of Thursday, Pakistan has reported more than 15,500 confirmed coronavirus cases. ICYMI: An amendment to the National Accountability Or...
Post a Comment
Read more

If Pakistani elderly self-distance infections could drop 30%: study

If we do nothing, COVID-19 could infect 206 million Pakistanis and kill 691,000. This is the estimation of researchers from the Imperial College London COVID-19 Response Team who have published country-wise projections in a March 26 report ‘ The Global Impact of COVID-19 and Strategies for Mitigation and Suppression ’ Furthermore, using an infection fatality rate from China, this means 4.4 million Pakistanis would require hospitalisation and from among those, 917,000 individuals would require critical care. Pakistan has a population of 220 million people. The research is based on the infection fatality rate from China, country health care system capacities and that one person with coronavirus is likely to infect 3 others. (You can find the excel sheet with Pakistan numbers here: Imperial-College-COVID19-Global-unmitigated-mitigated-suppression-scenarios.xlsx ) Forty-seven researchers crunched the numbers and made these projections to give countries, including Pakistan, some idea of...
Post a Comment
Read more