ML-I railway line faces delays amidst cost differentials

ISLAMABAD: The ML-I project of Pakistan Railways once again faces delays as the Chinese projected cost of first segment of the scheme...

Govt denies it would seek IMF bailout, aims to raise $10.6 during last quarter of FY 2017-18

ISLAMABAD: The government denied it would be making any formal request to the International Monetary Fund (IMF) for a bailout. The government is...

Economic survey to be revealed on 26th April

ISLAMABAD: With the budget announcement looming, the government is expected to release the economic survey for present financial year 2017-18 on April...

Common standards for SAARC countries on food items approved

LAHORE: South Asian Association for Regional Cooperation (SAARC) nations have approved harmonised and uniform standards for three food items. While the final common...

Contract inked for 660MW power production of JCFPP

ISLAMABAD: An Engineering, Procurement, and Construction (EPC) contract for the first unit with a capacity of 660MW (out of two units of 660MW each), and...

Non-payment of subsidy adding to fertilizer manufacturers’ woes

ISLAMABAD: As the next budget is likely to be announced by the end of April, the government has yet to fulfill the commitments...

Monetary policy for next two months to be announced today

ISLAMABAD: Economists have dubbed the devaluation of rupee against dollar a preface to  horrendous of inflation. The monetary policy for the next...

Pakistan has become a country of opportunity for German investors: Envoy

ISLAMABAD: Special Assistant to the Prime Minister on Revenue, Federal Minister and Senator, Haroon Akhtar Khan has said the resolve and sacrifices...

Miftah Ismail reviews performance of National Savings

ISLAMABAD: Adviser to Prime Minister on Finance, Dr Miftah Ismail here on Thursday, chaired a meeting to review the performance of National Savings. National...

APTMA delegation meets Miftah Ismail

ISLAMABAD:  A delegation of All Pakistan Textile Mills Association (APTMA) had a meeting with Adviser to Prime Minister on Finance Dr Miftah...

CDWP approves 33 projects worth Rs50.5 billion

ISLAMABAD: Central Development Working Party (CDWP) approved 33 projects worth Rs50.5 billion out of which two projects worth Rs22.5 billion were referred...

Market Daily: PSX settles up amid SBP policy announcement 

LAHORE: The Pakistan Stock Exchange (PSX) carried forward its momentum from the second half of the last session and moved north. The market...

ECC allows OMCs to charge masses with Rs48 crore under custom duties

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet has granted the approval to Oil Marketing Companies (OMCs) to charge the masses with...

APTMA sends budget proposals to finance minister

KARACHI: In its budget proposals, the All Pakistan Textile Mills Association (APTMA) has said that the availability of electricity at regionally competitive prices is of...

K-Electric claims power shortfall due to low gas supply, SSGC denies claim

KARACHI: Due to a reduction in gas supply, 500MW gas fired plants are currently not operational in Karachi and creating an additional...