Pakistan Executives - Official website of the Pakistan Executives Group

Pakistan Executives Group ("PEG") is a non-profit , non political Group of about 100 senior executives of Pakistani origin working in Saudi Arabia. PEG has 2 regional chapters in Jeddah and Al Khobar The goal of PEG is to enhance the flow of information, trade and investment between Pakistan and Saudi Arabia. The Group is a think tank and lobbying Group and has in the past assisted in trade delegation visits to Saudi Arabia and to Pakistan. It has also assisted in establishing schools of education in various districts of Pakistan. In addition it publishes bi-lingual Investor News Pakistan magazine which is circulated amongst senior businessmen in the Middle East.
The Group meets on a regular monthly basis and leading investment and business speakers cultivate the flow of information.

PEGNews

The 2008 Pakistan Executives Group, General Assembly meeting was held at Marhaba on January 12, 2009 and was attended by a record member turnout of over 80%. Syed Mutahir Rizvi, the Secretary General highlighted to the members 2008 PEG activities; January 2008 - PEG Executive Committee and members attended the Pakistan Catalogue Show organized by the Pakistan Consulate at the Jeddah Chamber of Commerce. Continue reading ‘Record turnout for PEG AGM’

PakistanBusiness

Pakistan’s President Pervez Musharraf, the dictator who reinvented himself as a U.S. ally against terrorism, resigned to avoid facing impeachment charges for illegally seizing power and stifling economic growth.

“This is not time for individual bravado. I lose or win in impeachment proceedings, the Pakistani nation will be the loser,” Musharraf, 65, said in a televised address to the nation. “After taking advice from my supporters and friends, I have decided to resign in the best interests of the nation.”
Continue reading ‘Musharraf Quits as President to Avoid Impeachment’

Imports of textile machinery declined by 13 percent during the last fiscal year, due mainly to persistent crisis in the textile sector and the high cost of doing business in the country, importers said.

They said that textile industry has been in turmoil for the last two years. It has been facing several problems, including high costs of doing business and unavailability and high rates of utilities, which have put a serious impact on the growth of textile sector. Ultimately the import of textile machinery has been continuously on the wane.

The government on Sunday allowed the highest ever increase in the prices of almost all petroleum products — ranging between 10 and 18 per cent. New prices came into force with immediate effect.

According to a notification issued by the Oil and Gas Regulatory Authority (Ogra), the highest increase of 17.4 per cent was in the price of kerosene, followed by 15 per cent in that of light diesel oil.
Continue reading ‘Highest-ever increase in fuel prices: Petrol costlier by Rs10.97 per litre, kerosene by Rs8.64′

Articles

Ahmed Quraishi

The first two generations of Pakistanis have ruined it for us, the third- and fourth-generation citizens of this great land. In sixty years, our elders have created one of the worst examples of managing a modern state.

That Pakistan started out as a nation without resources and managed to create a near-total balance of power with a rival five times larger is a testimony to the resilience and ingenuity of the Pakistani people. In the past eight years, Pakistan defied critics who unfairly called it a country obsessed with national security, and demonstrated it can also be an emerging economy, one of the fastest growing at its best.
Continue reading ‘Is Pakistan doomed?’

Pakistan is ready to provide land to the Kingdom in order to cultivate rice, Syed Naveed
Qamar, minister of finance, investment and privatization, said while inaugurating the Saudi-
Pak Investment Conference at the Riyadh Chamber of Commerce and Industry yesterday.
“Rice is becoming an expensive commodity and this will be a new area where the two
countries can cooperate with each other for mutual benefits,” said Qamar. He pointed out
that his country had the natural resources and the manpower to produce rice in a profitable
manner. Continue reading ‘Pakistan offers land for rice to Kingdom’

Middle East News

The Saudi government has finally agreed to provide Pakistan crude oil worth $4.82 billion on soft terms, it has been learnt. According to highly placed sources in the Ministry of Petroleum, PPP co-chairman Asif Ali Zardari, who is scheduled to return from Saudi Arabia on Wednesday morning, has successfully managed to obtain for the country a highly crucial Saudi oil facility of 110,000 barrels a day on two years credit.
Continue reading ‘Saudi Arabia agrees to provide oil on soft terms’

ISLAMABAD: Qatar will hire 30,000 skilled and semi-skilled Pakistani workers this year under a pact signed by the two countries on Sunday.

Pakistan’s Labour Minister Khursheed Shah and his visiting Qatari counterpart Sultan Bin Hassan al Dhabit al Dousari signed an additional protocol to the existing labour agreement inked by the two countries in 1987.
Continue reading ‘Qatar to hire 30,000 Pakistan workers’

PEGNews

PEG body meeting with Consul General

PEG meets with Consul General

Record turnout for PEG AGM

PakistanBusiness

Musharraf Quits as President to Avoid Impeachment

Textile machinery imports down 13 percent in fiscal year 2008

Highest-ever increase in fuel prices: Petrol costlier by Rs10.97 per litre, kerosene by Rs8.64

Is Pakistan doomed?

Pakistan offers land for rice to Kingdom

Saudi Arabia agrees to provide oil on soft terms

Qatar to hire 30,000 Pakistan workers

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