JWG stresses timely completion of Gwadar projects

ISLAMABAD: The meetings of the Joint Working Group (JWG) on Gwadar and Industrial Cooperation were held via video-conference on Thursday. The meetings were co-chaired...

PLL importing less LNG despite increasing demand

ISLAMABAD: Despite an increase in the demand of gas, Pakistan LNG Limited (PLL) has arranged only two cargos of Liquefied Natural Gas (LNG)...

ECNEC approves installation of power plant to facilitate Diamer-Bhasha Dam

Committee sets revised cost of Peshawar bus project at Rs66.437bn with June 2019 as deadline  ISLAMABAD: As the government has decided to initiate...

‘Rupee depreciated 7.7pc against dollar since PTI takeover’

State minister attributes the fall in exchange rate to the deterioration in balance of payments during last fiscal ISLAMABAD: State Minister for...

Foreign direct investment dips 46.4pc in four months

KARACHI: The country’s foreign direct investment (FDI) dipped by 46.4 per cent ($519.2 million) in July-October 2018-19 and stood at $600.7 million, as...

SBP mops up Rs91bn from market

KARACHI: The State Bank of Pakistan on Tuesday mopped up Rs91 billion from the money market for one day as repo sale...

Provinces brief Senate on IT plans, developments

ISLAMABAD: All four provinces on Tuesday briefed the Senate’s Standing Committee on Information Technology on the details of projects, development of services and...

Govt set to shock electricity consumers

–Govt decides to withdraw Rs146bn subsidy being given to domestic consumers –Power Ministry proposes up to Rs20.70 per unit increase in price of...

IMF team to hold discussions on CPEC projects tomorrow

ISLAMABAD: As the policy level talks between Pakistan and International Monitory Fund (IMF) are underway, the IMF team is scheduled to visit the...

Pakistan, China urged to tackle global conspiracies by trading in local currencies

Chinese economist says Pakistan’s agricultural capacity should be utilised to stimulate growth Former DG ISI affirms Pakistan is capable of withstanding...

‘Govt’s export-oriented policies will lead to speedy economic development’

PM’s advisor says second phase of Free Trade Agreement with China will be worked out till June 2019 LAHORE: The government is...

Govt to introduce new petroleum policy by month end

Petroleum minister says ten new exploration blocks will be presented to national and int’l companies through open bidding ISLAMABAD: Petroleum Minister Ghulam Sarwar...

Newly-formed board vows to put USC on path of progress  

ISLAMABAD: The Utility Store Corporation (USC) Board of Directors has showed its commitment to making USC a profitable organization according to vision of...

Govt plans to construct 19 dams for efficient water management

ISLAMABAD: Taking cognizance of the looming water crisis, the Pakistan Tehreek-e-Insaf (PTI) government is deliberating upon a policy to construct 19 dams, including...

CPPA proposes Rs0.64 per unit hike in power tariff

ISLAMABAD: Preparations are underway to drop another electricity bomb on the public after the Central Power Purchasing Agency (CPPA) on Monday proposed an...