PIA debt exceeds Rs247bn
The debt accumulated by the Pakistan International Airlines has exceeded Rs247 billion, according to media reports on Friday.
The Aviation Division informed the...
Pakistan seeks $2bn worth LNG from Qatar on deferred payment
ISLAMABAD: Pakistan is mulling to bring Liquefied Natural Gas (LNG) worth $2 billion from Qatar on a one-year deferred payment and negotiations in...
Alibaba’s partner Whale Cloud to invest $70m in Pakistan
ISLAMABAD: Considering the demographical and geo-strategic location of Pakistan and the vision of the new government, Whale Cloud, partner of Ali Baba Group,...
‘Gwadar and Chabahar won’t compete, but complement each other’
IPIS president says relations between Iran and India were never and will never be a bond against Pakistan
ISLAMABAD: Stressing on fostering and...
Stock market gains 574 points as KSA injects $1bn
KARACHI: After trading in red for three consecutive sessions, the Pakistan Stock Exchange (PSX) rallied up and ended the last session of the...
Pakistani businessmen urged to facilitate Canadian counterparts
KARACHI: Canadian Trade Commissioner Margaux McDonald has said that Canada, which has been on the path to recovery since 2014, is open for...
Fitch downgrades Pakistan’s rating to B-, maintains stable outlook
It projects current account deficit will narrow to 5.1% of GDP in FY19 and to 4% in FY20 from a revised 6.1% in FY18
Pak Rupee will not depreciate any further: Hammad Azhar
ISLAMABAD: Clarifying the statement attributed to the State Bank of Pakistan governor, Minister of State for Revenue Hammad Azhar said on Friday that...
Pakistan receives second $1bn Saudi tranche
Earlier, the State Bank of Pakistan (SBP) in November had received $1 billion from Saudi Arabia.
Engro Corp divests 29% stake in ETPL to Vopak for $31.378 million
In end-November it was reported Vopak would purchase a total 44% stake in Elengy Terminal Pakistan Ltd, which operates the country's first liquefied natural gas (LNG) import facility
Byco in contact with prospective buyers overseas to export surplus furnace oil
Byco is producing only 20,000 barrels per day (bpd) despite possessing a capacity of 155,000 bpd, contributing to under-utilization of the refinery
OGRA permits private-sector entities use of state-owned gas pipelines
The approval of the network code by Ogra will open the market to deregulation, intensify competition and end the hegemony of state-owned gas utilities
SBP to purchase Rs111 billion Ijara Sukuk with three-year maturity period
The acquisition of the issue by the central bank would assist Islamic Banks in coping with surplus liquidity and resources
ADB to provide $7.5bn to Pakistan in three years
ISLAMABAD: The Asian Development Bank (ADB) has planned to support Pakistan with lending of $7.528 billion for various development projects during the next three...
No extra burden on foreign debt due to rupee devaluation: Hammad Azhar
ISLAMABAD: Minister of State for Revenue Hammad Azhar said on Thursday that devaluation of rupee has not put an extra burden on foreign...