Tag Archives | Pakistan

Libya near Bottom in “Passport Power”

By John Lee. Libya has been rated joint-eleventh-from-the-bottom of the list in a ranking of the ‘passport power’ of 199 countries around the world. The list, compiled by passportindex.org, ranked passports by their ability to allow persons to travel visa-free to other destinations. Top of the list was Germany, followed by Sweden and Singapore, while […]

Pacra Maintains Ratings of Pak Libya

The Pakistan Credit Rating Agency Limited (PACRA) has maintained the long-term and short-term entity ratings of Pak Libya Holding Company (Private) Limited [PLHC] at AA- (Double A minus) and A1+ (A one plus), respectively. Ratings of PPTFCs of PKR 750mln and PKR 1,000mln have been maintained at AA (Double A). The ratings denote a very […]

Pak-Libya Holding Company Maintains Ratings

The Pakistan Credit Rating Agency Limited (PACRA) has maintained the long-term and short-term ratings of Pak-Libya Holding Company Pvt Ltd (PLHC) at “AA-” (Double A minus) and “A1+” (A one Plus), respectively. According to a press release, the rating of existing PPTFC of Rs 750 million has also been maintained at “AA” (double A), while […]

Libyan Businessmen Visit Expo Pakistan

About 25 Libyan businessmen have visited Expo Pakistan 2013, held on September 26-29 in Karachi, Pakistan, to explore business opportunities in various product sectors. The visit was organized by the Commercial Section of Embassy of Pakistan in Tripoli, Libya. Representatives of different companies from Libya include those from textiles including: tents, tarpaulin, and readymade garments; […]

Deputy Interior Minister Removed from Post

Deputy Minister of the Interior Omar Khadrawi has reportedly been removed from his post by the Prime Minister, but is reported to have been nominated by Ali Zeidan as ambassador to Pakistan. Spokesman for the Ministry of the Interior confirmed to the Libya Herald that Khadrawi has been dismissed but was unable to give any […]

Libyan Envoy Invites Pakistanis to Invest

The head of Libya’s diplomatic mission to Pakistan, Abdul Wahed Abugila, has asked the business community in the country to invest in construction projects in Libya. Addressing the Islamabad Chamber of Commerce and Industry (ICCI) on Saturday, he invited Pakistani investors to explore investment opportunities in development projects such as roads, bridges, and buildings. According […]

Appointment of ‘Pak-Libya’ MD

Abid Aziz has assumed the charge as managing director/chief executive officer of Pak-Libya Holding Company Limited, with immediate effect. According to a report from The Nation, “Pak-Libya is a prominent joint venture financial institution, established in 1978, by the governments of Pakistan and Libya“. Abid Aziz is said to be a distinguished investment banker having […]

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Fresh Opportunities for Pakistani Firms in Libya

Pakistani companies and workers are gearing up to return to Libya, according to a report from Libya Herald. Major construction companies from Pakistan have reportedly secured reconstruction contracts in the country, and these firms have put out a request via Pakistan’s Union of Small and Medium Enterprises (Unisame) for subcontractors to work with them. Unisame […]