Power division discourages LNG usage to facilitate ‘oil mafia’
Excessive use of furnace oil for electricity generation may cost Rs24bn to national exchequer in four months
ISLAMABAD:Â The use of furnace oil has...
Plan to augment overseas employment in limbo
ISLAMABAD:Â The plan of the Overseas Employment Corporation (OEC) with regard to launching massive promotional campaigns abroad is still in limbo owing to...
61m broadband users in Pakistan
ISLAMABAD:Â The number of broadband subscribers in Pakistan had reached 61 million by the end of August 2018, Pakistan Telecommunication Authority (PTA) confirmed.
The...
Cement exports rise by 8.1pc in two months
ISLAMABAD:Â The export of cement from the country increased by 8.01 per cent to $48.535 million during first two months of the current...
‘Govt trying to sabotage CPEC’ Â
LAHORE:Â Pakistan Muslim League-Nawaz (PML-N) leader and former railways minister Khawaja Saad Rafique has said that the government was trying to sabotage the...
Govt to utilise dead assets of loss-making institutions
LAHORE:Â Information Minister Fawad Chaudhry has said that the government had decided to utilise the dead assets of loss-making national institutions, including Pakistan...
Fearing debt trap, Pakistan rethinks Chinese ‘Silk Road’ projects
The ML-1 rail line is the spine of the country’s dilapidated rail network, which has in recent years been edging towards collapse as passenger numbers plunge, train lines close and the vital freight business nosedives
Qatar Petroleum to enhance investment in Pakistan
NEWSDESK
In a major development, Qatar Petroleum President and CEO Saad Sherida Al Kaabi held talks in Islamabad with Prime Minister Imran Khan...
Govt slashes PSDP by Rs125bn
ISLAMABAD:Â The new government, through its supplementary budget, has slashed the Public Sector Development Programme (PSDP) by Rs125 billion for the ongoing fiscal...
Govt maintains petroleum prices for October
Applicable sales tax rate on POL products will be reduced to overcome international hike
ISLAMABAD:Â The federal government has decided to maintain the...
SBP raises key interest rate by 100 basis points to 8.5 percent
The central bank has downgraded GDP growth to 5.0 percent for FY19 from 5.5 percent previously
Weekly inflation goes up by 0.37pc
ISLAMABAD:Â The weekly inflation for the combined income group witnessed an increase of 0.37 per cent as compared to the previous week.
The Sensitive...
Imran Khan’s bid to crowdfund $14 billion for Pakistan dam
The government’s plan is to build two facilities: the Mohmand dam in the country’s northwest, widely seen as feasible, and the much larger, troubled Diamer-Basha project in the north, first mooted in the early 2000s
Indonesia keen to import 1m tons of rice from Pakistan
The Indonesian Ambassador to Pakistan stated the volume of bilateral trade is $2.18 billion, which is far less than the current potential
Previous govt made Rs72 billion illicit payment to power producers: AGP
The ECC meeting was apprised the sub-committee on circular debt had called the non-adjustment of liquidity damages by the Minister of Water and Power (MoWP) against claims of Independent Power Producers (IPPs) of Rs22.91 billion as illegal