Delay in work on Diamer-Bhasha Dam expected due to slow resettlement
LAHORE: Despite disbursement of Rs88 billion for $14 billion Diamer-Bhasha Dam, only 20 per cent resettlement has been completed by the government...
Dropbox shares close up 35pc in biggest tech debut since Snap
NEW YORK: Dropbox shares closed at $28.42, up more than 35 per cent in their first day of trading on Friday, as investors rushed to buy...
Power consumers likely to get relief of Rs2.19 per unit for Feb
ISLAMABAD: Power consumers in the country are likely to get a relief of Rs2.19 per unit in lieu of a fuel price adjustment...
Sri Lanka endorses CPEC, hopes for increased bilateral trade
KARACHI: Sri Lankan President Maithripala Sirisena has said that Sri Lanka is pleased over Pakistan’s economic progress and China-Pakistan Economic Corridor (CPEC)...
Govt in a fix over impending peak electricity season
LAHORE: Speaking to Pakistan Today, sources in the ministry have said that a one-off payment of circular debt is strongly being considered by...
CAA deposits Rs5 bn in Ali Jahangir Siddiqui’s JS Bank, violating Finance Division’s rules
ISLAMABAD: In a surprising development, it has reliably been learnt that the Civil Aviation Authority (CAA) has deposited Rs5 billion of funds, which...
Promotion of SMEs top on SBP agenda: Tariq Bajwa
SIALKOT: State Bank of Pakistan (SBP) Governor Tariq Bajwa has said that adequate efforts were being made for the promotion of SME sector in...
TIP receives a complaint against CAA regarding deposits in JS Bank
KARACHI: Transparency International Pakistan (TIP) has received a complaint against the Civil Aviation Authority (CAA) who has deposited a huge amount of...
SBP denies rumours about Rs10,000 banknotes
KARACHI: The State Bank of Pakistan (SBP) denied on Friday the news reports about the issuance of Rs10,000 banknote.
“The existing banknote denominations...
China retaliates, unveils tariffs of up to $3 billion on U.S imports
BEIJING: China urged the United States on Friday to “pull back from the brink” as President Donald Trump’s plans for tariffs on...
CPEC could bring economic prosperity, decrease poverty: Report
LAHORE: A report by World Bank (WB) entitled “The Web of Transport Corridors in South Asia”, says CPEC investment in road, railways...
IRSA projects water shortage could impact Kharif crops this season
ISLAMABAD: The Indus River System Authority (IRSA) issued a stark warning on Thursday that increased water shortage this season could jeopardize the...
Development budget for next financial year set to take a 20 percent hit
ISLAMABAD: The Ministry of Finance has recommended a Rs800 billion development budget for upcoming financial year 2018-19, decreasing it by 20 percent...
Imposition of regulatory duties failed to rein in imports
KARACHI: Experts on Thursday stated the imposition of regulatory duties on imports of non-essential imports failed to rein in the current account...
Private sector lending touches record high of Rs4.893 trillion in February 2018
KARACHI: Data released by the State Bank of Pakistan (SBP) revealed the country’s private sector lending touched a record high of Rs4.893...