Arab Today, arab today pakistani firm to lure indian investment
Last Updated : GMT 09:09:51
Arab Today, arab today
Arab Today, arab today

Pakistani firm to lure Indian investment

Arab Today, arab today

Arab Today, arab today Pakistani firm to lure Indian investment

Lahore - Arabstoday

With a view to cementing trade ties between Pakistan and India, one of Pakistan’s largest business conglomerates, the Dewan Group, is in talks for joint ventures with Indian investors for its cement and fibre business, sources close to the conglomerate said here on Saturday. According to these sources, the Dewan Group is presently looking to sign export agreements with Indians and has already got the loans of Dewan Salman Fibre rescheduled on the basis of these assurances. The group has also begun restructuring its existing plants and expects to re-launch its products in the local market in the coming days. An Indian delegation has recently visited the Dewan cement facilities and, according to insiders, not only did they express satisfaction over what they saw but also concluded a deal for the import of cement. Talk of deals for the import of fibre is underway. The Dewan Group is also said to be in the process of finalising a joint venture with a US-based company for the production of cars at its assembling plant. The plant was earlier closed after posting significant losses but, after a visit by the US delegation, was upgraded as a precondition to the deal. “After the restructuring of the plant, the Dewan Group will re-launch its new line of vehicles in the local market,” said one source close to the group. The Indians were also interested in Pakistan’s auto sector. Irfan Qaiser, the president of the Lahore Chamber of Commerce and Industry, termed the Indian investment deal a major breakthrough and expressed the hope that further investment would follow. “The Indians are also interested in dealing with other leading Pakistani groups, working in various sectors,” he added. Pakistani and Indian governments are interested in the consolidation of trade and investment ties and New Delhi recently overturned a ban on investment from Pakistan. The Meanwhile, Bestway Group has, through its majority ownership of the United Bank Limited of Pakistan (UBL), been granted permission to begin banking operations in India. This is seen as an important step forward to bolster trade between Pakistan and India and was announced by the Governor of the State Bank of Pakistan Yaseen Anwar. Zameer Chaudrey, the Bestway Group chief executive said on Saturday: We are delighted that the State Bank has approved UBL’s request to begin branch operations in India. We view this as a tremendous opportunity to enhance and deepen the existing ties between the two countries and believe that UBL’s entry into the Indian market will serve as a major catalyst for this.” He said the group, with headquarters in London, is grateful to the government and regulator for this timely decision. From gulftoday

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pakistani firm to lure indian investment Arab Today, arab today pakistani firm to lure indian investment

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pakistani firm to lure indian investment Arab Today, arab today pakistani firm to lure indian investment

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today What's the reason and what you can do

GMT 05:44 2017 Sunday ,22 October

What's the reason and what you can do
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Prayers turn to nightmare

GMT 06:14 2017 Sunday ,22 October

Prayers turn to nightmare
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 10:18 2017 Saturday ,21 October

How to do open-heart surgery

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday