SBP reserves increase by $13m, stand at 8.2bn

KARACHI: The total liquid foreign reserves held by the country stood at $14.89 billion on February 8, a weekly report issued by the State Bank...

Power Division directed to form special team to address overbilling woes

The team will visit different locations to listen to the complaints regarding overbilling and will order remedial measures on the spotISLAMABAD: A sub-committee of...

All stakeholders on same page regarding CPEC: minister

ISLAMABAD: Planning Minister Makhdoom Khusro Bakhtiar said on Thursday that formation of the China Pakistan Economic Corridor (CPEC) Business Forum would help create an interface...

Dawood lauds WB’s contribution in Pakistan, seeks further assistance

ISLAMABAD: World Bank has played an important role in modernising and supporting various development initiatives in Pakistan, said Advisor to Prime Minister on Commerce...

IT ministry’s budget slashed by 50pc, Senate told

ISLAMABAD: The Senate's Standing Committee on Information Technology and Telecommunications was informed on Thursday that the budget of the Ministry of Information Technology and Telecommunication has...

Businesses cannot grow amid raids, harassment: LCCI

LAHORE: Businesses cannot grow amidst raids, harassment, lack of energy supply and severe traffic jams, therefore, the government should resolve these issues at the earliest...

France’s unemployment rate falls to lowest level since 2009

President Macron in 2017 had pledged to bring unemployment down to 7pc by 2022PARIS: France's jobless rate fell to 8.8pc in the final...

PSX closes 37 points lower amid dull trading

KARACHI: Bearish sentiments continued to dominate the Pakistan Stock Exchange (PSX) on Thursday as well. The indices kept slipping all day long amid lack of...

U.S.-China trade talks move to higher level as deadline looms

Chinese trade data released on Thursday showed imports from the United States fell 41.2 percent from a year earlier to $9.24 billion, the lowest amount in dollar terms since February 2016

Pakistan to request Saudi Arabia for commencement of dialogue on PTA

According to official sources, the PTA will envelop tariff and non-tariff barriers (NTBs) which will aid Pakistan in diversifying its export portfolio to Saudi Arabia

SBP to cease issuance of Rs40,000 prize bonds from 15th Feb

The decision was taken to appease global watchdogs, who had doubts about the investment of black money via these bonds

Foreign banks eye financial advisory role in divestment of two LNG fired-power plants: Report

This divestment would rank as the country’s largest privatization deal since 2005 when Etisalat acquired a controlling stake in Pakistan Telecommunications Limited (PTCL) for $2.6 billion

Federal govt debt rises by Rs2.42 trillion to Rs26.64 trillion in 1st half of FY19

Around Rs200 billion in debt was added in December alone, however, the speed of debt accumulation has slowed due to a relatively stable exchange rate

CCoE gives approval for import of LNG

CCoE has instructed the petroleum division to move forward with the development of the LNG infrastructure needed to transport additional LNG from Port Qasim to Pak Land

SSGC, SNGPL to charge different tariffs for RLNG supply to domestic and industrial consumers

The management committee of SNGPL in a meeting decided to regularize enhanced loads of commercial and industrial consumers on condition they are prepared to bear the bills of enhanced loads to them at RLNG tariff

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