Rising Gwadar lures overseas investors
ISLAMABAD: Â Once was a small backward fishing town off the Arabian Sea in Pakistan's southwest Balochistan province, Gwadar now is rising fast...
SoftBank to raise $100 billion fund every 2-3 years, spend $50 billion annually
TOKYO: SoftBank Group Corp plans to create a new $100 billion fund every two to three years and spend $50 billion annually,...
ADB sees robust growth in economy, warns of looming challenges
New govt advised to mobilise substantial external financing to reduce large external and domestic imbalances
ISLAMABAD:Â The robust economic growth of 5.8 per cent...
‘Govt prioritises hydropower projects under CPEC’
Inclusion of Azad Pattan and Mahal projects in CPEC portfolio proposed
ISLAMABAD:Â Minister for Planning, Development and Reform Makhdum Khusro Bakhtyar has said that...
China says plots to disrupt ties with Pakistan will fail
BEIJING: Any plots to sow discord in China’s ties with Pakistan will not prevail, the Chinese government’s top diplomat said on Tuesday,...
Water shortfall projected at 35-40 percent before start of Rabi season
Till September 20th, Balochistan faced the highest water shortfall of around 44 percent, Punjab 20 percent, Khyber-Pakhtunkhwa (KP) 21 percent and Sindh 16 percent
Senate panel votes against proposal to decrease customs duty rates
The standing committee proposed a decrease in income tax rate for salaried persons from 25 percent to 20 percent and 29 to 25 percent for the business community
China says plots to disrupt ties with Pakistan will fail
China has pledged $57 billion to build power stations, major highways, new railways and high capacity ports along the China-Pakistan Economic Corridor
Govt drops 455 projects from PSDP 2018-19
The government’s decision to drop unapproved projects would decrease the total financing needs of the PSDP by Rs2 trillion to Rs4 trillion
Gas price hike may push urea prices up to Rs128 per kg
The FMPAC spokesman said profits had touched their lowest ebb in the last six years irrespective of record revenues attained by major players
ECC postpones power tariff increase decision till next meeting
As a whole, these surcharges generate Rs100 billion per annum to service power sector loans and subsidies for the poor which ensures a uniform power tariff across Pakistan
Senate committee to be briefed on loans taken by PSO Â
ISLAMABAD:Â The Senate Standing Committee on Petroleum and Natural Resources will be briefed about the details of loans taken by Pakistan State Oil...
ECC delays increasing electricity price for a week
It was expected that a green-light would be given for Rs2 per unit increase in prices
ISLAMABAD: The federal government’s Economic Coordination Committee (ECC)...
Pakistan-Japan Friendship Forum launched
ISLAMABAD:Â The Pakistan-Japan Friendship Forum (PJFF) was established on Tuesday to further promote the friendly ties between the two countries.
The inauguration ceremony was...
Pakistan, Russia set to sign $10bn gas pipeline deal
The pipeline will be completed in three to four years
In a major breakthrough, Pakistan and Russia will sign a $10 billion offshore...