Nepotism, inefficiencies of successive governments caused Reiko Diq debacle: PAC
ISLAMABAD: Public Accounts Committee (PAC) on Thursday criticized successive Balochistan governments for its ill-practices, inefficiencies which led to the debacle of $11.43...
Big corporates back crypto ‘plumbing’ despite currency caution
LONDON: Major finance and tech firms are pouring money into startups building technology to develop the crypto market, even though they’re steering...
CDWP approves seven projects worth Rs12.23bn
ISLAMABAD:Â The Central Development Working Party (CDWP) on Tuesday approved seven projects worth Rs12.23 billion and recommended five projects worth Rs158.230 billion to...
660MW power from Thar Coal is the largest investment ever by private sector: CEO SECMC
KARACHI
The electricity crisis will not end in the country unless the government will not spend money on transmission lines, power theft and...
Oil hits one-month low after US inventory build
NEW YORK:Â Oil prices fell to a one-month low on Wednesday, after United States (US) data showed an unexpected build in refined products,...
POL products’ consumption up by 9.7 pc, production by 3.2 pc
ISLAMABAD: The consumption of petroleum products registered a growth rate of 9.7 per cent during the fiscal year 2016-17 as compared to...
Historic uplift package for GB to be finalised soon: Asad Umar
ISLAMABAD: Planning, Development and Reforms Minister Asad Umar has said that a joint team of Gilgit-Baltistan and the federal government will soon...
PSX breaks losing streak, closes 406 points higher
Following the completion of drilling process at Kekra-1, the oil and gas exploration sector gained 3.57pc in its cumulative market capitalisation
KARACHI:Â Putting...
Govt cuts funding by 60pc for 400 development projects
ISLAMABAD: Federal Government has cut funding for 400 new development projects by around 60 percent as it diverts these funding’s for establishment...
Rs7.5b released to CPPA for partial payment of circular debt
PSO supplied 750,000 tons of fuel to power plants during this peak consumption season
Islamabad: With the circular debt mounting, the Ministry of...
Pakistan to save $2.4bn in 2020 debt relief: World Bank
'Poorest countries can cumulatively save over $12bn owed to sovereign and other creditors this year'
Large-scale manufacturing shrinks 6.48pc in four months
ISLAMABAD: Pakistan’s large-scale manufacturing (LSM) output contracted for the seventh month in a row with no sign of revival in the immediate...
Agriculture emergency to benefit farmers in the offing
ISLAMABAD:Â Following an unimpressive performance of the agriculture sector during the tenure of previous government, the new Pakistan Tehreek-e-Insaf (PTI) administration has decided...
Stocks remain flat amid volatile activity
KARACHI: The Pakistan Stock Exchange (PSX) witnessed another round of volatile activity on Wednesday, with the benchmark index falling to sustain gains...
82% of Pakistani urban consumers made a online purchase in 2018: Nielsen
Fashion ranks as the top online purchased category in Pakistan at 40%, followed by travel 31% and IT 29% respectively