Pakistan, KSA set to ink Aramco oil refinery deal: report
Pakistan and Saudi Arabia have finalised the memorandum of understanding (MoU) for the construction of the multi-billion-dollar Saudi Aramco oil refinery in...
Third tranche of $1bn from Saudi Arabia likely this month
ISLAMABAD: Senate Standing Committee on Finance was informed on Wednesday that the third loan tranche, worth $1 billion, from Saudi Arabia was...
CPI-based inflation increases to 6.05pc in Dec 2018
ISLAMABAD:Â The Consumer Price Index (CPI) reached 6.05 per cent in December 2018 from 3.75 per cent in December 2017, according to Pakistan...
ExxonMobil to commence drilling on 6th
This is the first time that any company in Pakistan would drill in the sea to explore oil and gas
ISLAMABAD:Â The drilling equipment...
Govt to implement Geographical Indication Law after 18 years
'Int’l brands are unabatedly selling Pakistan-origin goods due to non-finalisation of GI Law'
ISLAMABAD:Â As Pakistan is yet to implement Geographical Indication Law ever...
1,130 new companies registered in Dec 2018
ISLAMABAD:Â The Securities and Exchange Commission of Pakistan (SECP) registered 1,130 new companies in December.
As compared to the corresponding month of the last...
Reko Diq award not expected for at least 6-8 months
Govt denies report that PIA will not be allowed touchdown until payment of the fine in question on time
Rs5,000 per acre subsidy announced for sunflower farmers
The government has announced a Rs5,000 per acre subsidy for sunflower farmers to meet the growing demand of edible oil in the...
PSX fails to sustain gains, index sheds 200 points
KARACHI:Â It seemed as if optimism at the Pakistan Stock Exchange (PSX) was just a false alarm. Indices which opened positive on Wednesday...
China warns cities to cut reliance on property, developers’ shares fall
The total sales of China’s top 100 real estate developers soared 35 percent last year, according to private research firm CIRC
Factory activity in Asia weakens on China slowdown, trade disputes
China’s weakness spilled over to other Asian economies, with Malaysia’s manufacturing activity shrinking to its weakest pace of expansion since it launched the survey in 2012 and Taiwan contracting to its lowest since September 2015
Govt disbursed Rs187 billion under PSDP 2018-19
No funds have been released by the government till now for the commerce division, inter-provincial coordination division and religious affairs and inter-faith harmony division
CPEC feeding 300MW of wind energy to national grid
Four wind projects that had been completed under CPEC and are connected with the national grid include Dawood wind power project (50 MW), Sachal Energy wind farm (50MW), three gorges second wind farm project (100MW), and UEP wind farm project (100MW)
Govt obtained $50 million from foreign commercial banks in November
According to the latest EAD data, Pakistan provisionally received over $1.86 billion in foreign loans during the first five months (July-November) of FY18-19 compared to $2.877 billion or 36% fall in the corresponding period of last year
Circular debt stands at Rs755 billion
The ministry’s secretary, while giving a briefing to the committee, said presently the country’s installed capacity for electricity production was 33,836 megawatts (MW), while the derated capacity was about 31,000MW