Rs7 billion investment expected from OMCs for establishment of storage infrastructure

KARACHI: An estimated Rs7 billion investment is expected over the next three years from upcoming oil marketing companies (OMCs) for establishment of...

Cash is far from dead and use is rising: BIS

LONDON (Reuters): Even though more people now use cards, mobile phones or even facial recognition technology to pay street performers, buy pizza...

Construction of petrochemical park at Gawadar starts

ISLAMABAD: Balochistan government and Chinese consortium signed a Memorandum of Understanding (MoU) for another CPEC project of construction of Petro-Chemical Park at...

S. Arabia places order of 48 Typhoon jets with BAE Systems

LONDON: Britain has signed a multi-billion-pound preliminary order from Saudi Arabia for 48 Eurofighter Typhoon fighter jets, military equipment maker BAE Systems...

ICCI demands to form reconciliation committee to resolve rent disputes

ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) Senior Vice President Muhammad Naveed has urged the government to form a reconciliation committee under...

Elon Musk frustrated with China’s trade policy, partly agrees with Trump

WASHINGTON: US President Donald Trump has spent the last week railing against trade policies that allegedly put the US companies at a...

Trade war with US to devastate global economy: China

BEIJING: China’s commerce minister said on Sunday that Beijing and Washington are still holding economic talks. He warned that a trade war would harm...

Customs get high-speed patrol boats to stop smugglers

KARACHI: Adviser to Prime Minister on Finance and Economic Affairs Dr Miftah Ismail on Saturday said construction of high-speed Fibre Reinforced Plastic (FRP)...

FATF grey-listing does not affect Pakistan’s ability to borrow: IMF deputy director

The grey-listing of Pakistan by the global watchdog Financial Action Task Force (FATF) has no direct consequences for its ability to borrow...

Rs7.5 bn reimbursed to 149,695 students from underdeveloped districts

ISLAMABAD: Under Prime Minister’s Fee Reimbursement Scheme, an amount of Rs7.5 billion has been reimbursed to around 149,695 students belonging to less...

All set for World Islamic Finance Forum

KARACHI: World Islamic Finance Forum (WIFF) 2018 is to be held on March 19 and 20, 2018. AAOIFI Board of Trustees Chairman...

LCCI for measures to control power sector’s circular debt

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) Saturday expressed concerns over increased circular debt in the power sector and feared dire...

Govt should end Super Tax in budget 2018-19: OICCI

ISLAMABAD: Overseas Investors Chamber of Commerce and Industry (OICCI) have demanded that the government put an end to the Super Tax in...

No links with any housing scheme, Saad clarifies

LAHORE: Railways Minister Khawaja Saad Rafique on Saturday informed the Supreme Court that he was neither a shareholder of Paragon City (Pvt)...

Farmers urged to install drip irrigation system

ISLAMABAD: Punjab Agriculture department has urged farmers to install drip irrigation system in their fields as it is cost effective and offers handsome...