How the exports fell to create foreign exchange crisis
KARACHI: When international crude oil (OPEC basket) prices nose-dived by 71.35 per cent, the decline in electricity tariffs was only by 28...
Unpredictable rain pattern forces Punjab to build new irrigation systems
LAHORE: Most of Tajammul Abbas’s 17 acres of farmland produces nothing but fodder for his buffalo and three goats. His land, and...
Rising LNG imports could spark imminent closure of domestic oil refineries
KARACHI: Amidst rising liquefied natural gas (LNG) imports, local oil refineries are affront with a crisis, that not only threatens to destabilize...
Pakistan labour force faces several challenges, says: WB
LAHORE: World Bank on Friday said Pakistan faces challenges at three fronts, which includes creations of jobs for rising workforce, providing more...
China keen to establish $15 billion industrial park in Punjab
LAHORE: A Chinese province has expressed its interest to establish a $15 billion industrial park in Punjab province as China-Pakistan Economic Corridor...
Pakistan receives first LNG shipment from Nigeria
ISLAMABAD: A cargo shipment carrying 70,000 tons of Liquefied Natural Gas (LNG) from Nigeria arrived on Friday at Floating Storage and Regasification...
China will receive 91pc revenues from Gwadar port for 40 years
ISLAMABAD: Â China will receive 91 percent of the revenues set to be received from Gwadar Port and 9pc will go to Gwadar...
Food imports rose 20.21 percent during July-October
ISLAMABAD: The country’s food imports increased by 20.21 percent during the first four months of the current fiscal year compared to corresponding...
ECNEC approves over Rs211bn power, social sector projects
ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) Friday approved worth Rs 211.691 billion development projects including Rs 43.99 billion...
SBP upholds policy rates at 5.75pc
KARACHI: The Committee of the State Bank of Pakistan (SBP) on Friday kept the policy rates or discount rates unchanged at 5.75...
CDWP set to take up heavy agenda of projects worth billions of rupees
ISLAMABAD: Central Development Working Party (CDWP) is all set to take up a heavy agenda on Monday to approve 31 key projects...
Market Daily: Trading ends at a dull note, sheds 17.80 points
LAHORE: The benchmark index closed lower by -0.04 per cent shedding -17.80 points on the last day of the week. The KMI...
Local tyre manufacturers welcome rise in import duties
LAHORE: The imposition and increase of regulatory duties on various categories of tyres has been endorsed by the country’s leading tyre manufacturers.
The...
Race on to find replacement for Ishaq Dar
ISLAMABAD: Pakistan on Thursday began searching for a new finance minister a day after Ishaq Dar was relieved of his portfolio amid...
PIA fails to deposit Rs6 billion federal excise duty to FBR
ISLAMABAD: Pakistan International Airlines (PIA) miseries keep worsening as it has been learnt that it failed to deposit Rs6 billion as Federal...