Chinese firm expresses interest in establishing deep oil refinery in Pakistan
ISLAMABAD: A Chinese state-owned entity has expressed interest in building an up-country deep conversion oil refinery at a cost of $7-8 billion...
PSO-Attock petroleum open country’s most advanced fuel farm at New Islamabad Airport
ISLAMABAD: Pakistan’s most sophisticated fuel farm facility was opened at the New Islamabad International Airport by Adviser to Prime Minister on Aviation...
PM rejects move to eliminate subsidy for industrial consumers
ISLAMABAD: The proposal to hike power prices for industrial consumers by removal of Rs3 per unit subsidy has been rejected by the...
SBP prohibits remittances in foreign currency accounts of non-filers
KARACHI: The State Bank of Pakistan (SBP) on Thursday advised the authorized dealers in foreign exchange to adopt the Protection of Economic...
Rs14.8 billion diverted from RLNG-II project to supply gas to underserved areas
ISLAMABAD: Over Rs14.8 billion funds reserved for the building of RLNG distribution network have been diverted for projects to ensure gas supply...
Pakistan’s economy ranked 131st freest globally: Report
LAHORE: Pakistan has achieved an economic freedom score of 54.4 in the “Economic Freedom Index” 2018 conducted by the Heritage Foundation.
Pakistan’s economy...
Forex reserves shrink to $11.4bn
KARACHI: Declining by 1.4 per cent on a weekly basis, the country's foreign exchange reserves held by the State Bank of Pakistan (SBP)...
Over Rs466b provided to BISP beneficiaries since 2012: Senate told
ISLAMABAD: The Senate was informed on Thursday that an assistance of over Rs466 billion have been provided to BISP beneficiaries since 2012.
Responding to...
PEW sees economic improvement despite trade deficit
ISLAMABAD: The Pakistan Economy Watch (PEW) has said that Pakistan's economic indicators, despite showing some serious concerns in the trade deficit, are...
FPCCI asks government to reduce minimum tax rate
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in their budgetary proposals has urged the Federal Board of Revenue (FBR)...
Cabinet approves tripartite MoU between Pakistan, China in transport sector
ISLAMABAD: The federal cabinet on Thursday approved signing of tripartite memorandum of understanding (MoU) between National Transport Research Center, Pakistan and China...
Rana Afzal seeks opposition support for evolving charter of economy
ISLAMABAD: Minister of State for Finance, Revenue and Economic Affairs Rana Muhammad Afzal Khan on Thursday sought support from the opposition for...
IMF director discusses CPEC’s impact on Pakistan’s economy
BEIJING: The International Monetary Fund's (IMF) Director, Jihad Azour called on the Minister for Interior and Planning, Development and Reform, Ahsan Iqbal, on Thursday...
Deals worth $75m finalised at agri expo to bolster Pakistan’s economy
KARACHI: Balochistan Economic Forum's President, Sardar Shaukat Popalzai has hoped that foreign investment would reach Pakistan during the next seven years and...
USAID launches ‘Challenge Fund’ to support local SMEs, entrepreneurs
ISLAMABAD: The United States Agency for International Development (USAID) has launched the Challenge Fund in order to support the growth of small...