Government constitutes council of business advisors
The Government has constituted the “Council of Business Leaders” comprising of stakeholders from the public and private sector. The 22-member council is...
Asad Umar meets ADB VP, reviews ongoing projects
ISLAMABAD: Finance Minister Asad Umar received the visiting Asian Development Bank (ADB) Vice President, Wencai Zhang for a meeting here Thursday.
They had a...
PM tasks Dr Ishrat to ensure paperless culture in all ministries
ISLAMABAD: Prime Minister Imran Khan Thursday expressed serious concern over negligible progress in some important ministries towards employing e-solutions for conducting official business.
He said...
Finance ministry seeks early nominations of NFC members from provinces
ISLAMABAD: The Finance Ministry has called upon provincial governments to reconfirm their nominations of non-statutory members for the National Finance Commission (NFC)...
Govt increases gas prices by up to 143pc for SNGPL, SSGCL consumers
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has notified up to 143 per cent increases in gas prices for the consumers...
Adverse weather causing transmission lines to trip, says power minister
KARACHI: Federal Minister for Power, Omar Ayub Khan on Thursday directed the authorities to investigate the matter of tripping of main transmission lines and...
Pakistan demands advance payment for projects from KSA
The Arab country may invest in the oil city and Special Economic Zones (SEZs) of CPEC for which the Chinese government has no objection,
Pakistan’s forex reserves decrease by $628mn in a week
The State Bank disclosed that its reserves decreased due to payments on account of external debt servicing.
Market Daily: Bears dominate as KSE-100 drops 473 points
LAHORE: It seems like the bulls of the Pakistan Stock Exchange (PSX) have lost their way as bears dominated the market for...
SECP registers 1,070 companies in September
The massive increase in the incorporation of new companies is the result of the SECP’s reforms to enhance the process of new company registration.
Saudi Arabia agrees to invest in new oil refinery in Pakistan’s Gwadar
Details of the refinery's costs and scope are to be worked out later, says minister
Negotiations in final stages with Saudi Arabia for $8 billion Gwadar refinery
Mr Sarwar shared the visiting Saudi delegation had been offered to be a part of the $2 billion North-South Gas pipeline and bid for the forthcoming 10 petroleum exploration blocks set to be auctioned soon
ECC asks Petroleum Division to submit comprehensive report on LNG terminal
ECC was told that contractual obligations of EETPL up to provide an annual average of 600 million cubic feet per day (mmcfd) of LNG and contractual quantity for the first year was 1.5 million tons per annum or an annual average of 200 mmcfd
IMF recommends 15 percent rupee devaluation, rise in interest rate to address economic challenges
According to sources, the IMF felt the 8.5 percent interest rate was insufficient and should raise it to 11 percent to ward off inflationary pressure and reduce the current account deficit (CAD)
Saudi investment in CPEC will bring fruitful results in future
Jabbar revealed that Pakistan’s exports volume was over $400 million, and imports were over $900 million, and it was needed to fill this wide gap between imports and exports