IMF calls government to relinquish its role of notifying electricity rates
IMF delegation asked authorities to undertake further revisions to the Nepra Act to ensure automatic notification of quarterly, annual and multi-year tariffs ascertained by the regulator on the lines of monthly fuel price adjustment announced directly by Nepra
Engro needs a year for next LNG import terminal decision
Royal Dutch Shell, trading house Gunvor and local company Fatima are partners in Engro’s second planned terminal which would be located at Port Qasim with a Floating Storage and Regasification Unit (FSRU) vessel processing the gas
Saudi Arabia to disburse $3 billion aid to Pakistan in next few days
The ambassador said the Saudi government will also provide oil facility to Pakistan worth $3 billion annually, on deferred payment
‘Terms for Chinese assistance being worked out but numbers can’t be revealed’
ISLAMABAD: Chinese Deputy Chief of Mission (DCM) Zhao Lijian said on Wednesday that the modalities of Chinese assistance to Pakistan are being...
IMF bailout still in Pakistan’s best interest, says Asad Umar
'It will be a huge challenge if there is no headway in the negotiations in the next few days'
Finance Minister Asad...
IMF hopeful of economic turnaround under incumbent regime
Mission says CPEC will not only increase Pakistan's energy production but will also help the country achieve sustained economic growth
ISLAMABAD: The International Monetary Fund...
‘Rupee depreciated 7.7pc against dollar since PTI takeover’
State minister attributes the fall in exchange rate to the deterioration in balance of payments during last fiscal
ISLAMABAD: State Minister for...
Pakistani businessmen urged to form strong liaison with US counterparts
LAHORE: An eleven-member delegation of US businessmen, led by Bolingbrook (USA) Mayor Roger C Claar, held business-to-business meetings with their Pakistani counterparts to...
Foreign direct investment dips 46.4pc in four months
KARACHI: The country’s foreign direct investment (FDI) dipped by 46.4 per cent ($519.2 million) in July-October 2018-19 and stood at $600.7 million, as...
China to boost grain imports from ‘Belt & Road’ countries amid Sino-U.S. trade spat: Official
The country’s meat demand could hit 123 million tonnes while demand for grain is expected to peak at 750 million tonnes, the researcher added, without saying when those numbers would be reached
Centre’s resentment growing on provinces failure to forward nominations for NFC
The solitary nomination is said to have been received from KP and rest of the provinces including Punjab, Sindh and Balochistan have failed to forward their nominations for non-statutory (technical expert) members to the NFC.
Tapi gas pipeline to move forward after decades of delays
The first gas could be delivered to Afghanistan within around a year from the FID, and to Pakistan within two years
Sindh excise & taxation recovers record Rs700 million from vehicle tax defaulters
Sindh's Minister for Excise and Taxation Mukesh Kumar Chawla extended his gratitude to the media for advertising the campaign
Govt wants to establish ICT SEZ on priority basis in Islamabad
As per data accumulated by the central bank, the export of IT and related services rose to $1.067 billion in FY18 against $939 million in FY17, posting a 13% increase
Pakistan’s possesses massive potential for export of engineering goods: Dawood
The government has recently revived the EDB and intends to align it with regional and global counterparts in a bid to serve best industrial interests