Pakistan PM Khan, in search of loans, to visit China next week
On Wednesday, Khan said Pakistan was also in discussions with two “friendly nations” for more loans, with analysts saying one of those countries was China
‘Govt removing all bottlenecks to facilitate foreign entrepreneurs’
PM says his vision is to transform Pakistan into a country where overseas Pakistanis and foreign investors could work without fear
ISLAMABAD: Prime...
Agri imports surge by 10pc in three months
ISLAMABAD: Imports of agriculture inputs into the country during the first quarter of the current financial year increased by 10.70 per cent as...
Govt holds NEPRA responsible for power tariff hike
Finance Minister Umar says tariff increase will generate additional Rs130bn, will not affect 70pc consumers
Asserts no conditions attached to Saudi bailout,...
Govt removes stipulation permitting non-filer overseas Pakistani’s to purchase property
The government issued a circular disclosing the stipulation on purchase/transfer of property having a value over Rs5 million by non-filers was not applicable to legal heirs procuring property via inheritance
Saudi crown prince to address investment forum amid Khashoggi furor
The kingdom has come under increasing pressure in the crisis that has strained its ties with key Western allies
RLNG-based power generation share climbs to 22.75% in September
In September, Hydel remained the main source of power generation with a share of 34%, RLNG 23%, gas 16%, coal 9%, furnace oil 8% and nuclear 5%
Rupee sharply regains Rs1.92 against greenback in inter-bank market
The rupee has been depreciated five times against the greenback since December 2017, which has seen the local currency losing a cumulative 27% of its value against the greenback
ECC set to decide about increase in power tariff
According to insiders, the PM in the last ECC meeting had instructed the Ministry of Finance to focus on tariff rationalization, theft and line losses instead of burdening the existing customers
Pakistan to go for IMF bailout, despite $6 billion Saudi Arabia support package: Report
In a comment to Bloomberg, Finance Ministry spokesman Noor Ahmed on Wednesday said an IMF programme will help boost discipline in the economy
Nepra levies Rs4 million fine on IESCO
Nepra stated IESCO failed to maintain the authorized voltage levels and supply electricity connections within the given time and orchestrated data regarding the number of interruptions, number of complaints and duration of interruptions
China enlists WB to carry study on CPEC
The WB is carrying a study on six aspects of CPEC and hopes to complete the research by the end of 2018
Procurement of land for Dasu hydropower project hits snags
An official source said Sigloo, Kaas and Sheikhabad are the areas where main civil works need to be initiated for main Dasu project and 500 acres of land is required in these places.
Pakistan mulling to establish $200 million grain terminal: Report
The establishment of such a facility would enhance PNSC sales and profit, which touched the lowest ebb in six years and will assist in easing pressure off the existing grain terminal facility at Port Qasim
Master group wins bid to setup 99MW hydropower project
According to Pedo, the bid submitted by Masters Textile Limited and CHEC was greatly responsive in respect of “completeness, competitiveness, reasonableness and has the lowest rank"