Pakistan, Russia sign $10bn energy deal
ISLAMABAD: Pakistan and Russia have formally signed a Memorandum of Understanding (MoU) on Thursday in Moscow for the construction of an offshore gas...
OECD treaty regulations bar member nations from prosecuting its nationals
ISLAMABAD: According to regulations of the Organisation for Economic Co-operation and Development (OECD) agreement, no member nation can prosecute its nationals for having...
KP sees more investment from Chinese, other firms
Khyber-Pakhtunkhwa (KP) Chief Minister Parvez Khattak has said that he expects more investment from Chinese and other foreign companies in Pakistan and...
World Bank projects 13pc increase in remittances to South Asia in 2018
ISLAMABAD: Remittances to South Asia are projected to increase by 13.5 per cent to $132 billion in 2018, a stronger pace than...
Syria war, OPEC compliance propping up oil price: IEA
PARIS: Fears of fresh escalation in Syria’s war coupled with compliance with a pledge by the OPEC cartel and Russia to limit...
FBR issues list of 88 countries for exchanging financial data
Karachi: A list of 88 countries has been notified and issued by the Federal Board of Revenue on Friday for auto swapping...
Iran to allow private sector to export oil, beat US sanctions
DUBAI: Iran will allow private companies to export crude oil, part of a strategy to counter US sanctions, and is urging fellow...
Pakistan’s economy to grow at 5.9 percent over medium-term, predicts: World Bank
LAHORE: World Bank released its “Global Economic Prospects” report on Tuesday revealing growth slowed down in South Asia to 6.5 percent during...
Cabinet rebuffs request to reverse farmer-friendly payment policy
ISLAMABAD: A request to reverse the step of timely payments to sugarcane growers and avoid exploitation by millers has been rejected by...
China will pursue forex reserves diversification in prudent way
BEIJING: China will pursue the diversification of its foreign exchange reserves in a steady, prudent way, the country’s foreign exchange regulator said...
Pakistan’s forex reserves decrease by $628mn in a week
The State Bank disclosed that its reserves decreased due to payments on account of external debt servicing.
Pakistan arm imports plunged 36 percent between 2008-12 & 2013-17: Report
LAHORE: A report released by Stockholm International Research Peace Research Institute (SIPRI) revealed Pakistani arms imports dropped 36 percent between 2008-2012 and...
FPCCI lauds govt for establishing CPEC Authority
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has hailed Prime Minister Imran Khan for establishing the China Pakistan Economic...
White House considering stiffer rules for imported cars
WASHINGTON: The Trump administration is considering ways to require imported automobiles to meet stricter environmental standards in order to protect US carmakers,...
Saudi Prince Salman’s visit to revitalise economy: PM Khan, Umar
Prime Minister Imran Khan says Crown Prince Muhammad Bin Salman's visit to Pakistan is a manifestation of the strength of bilateral and...