US warns Pakistan of risks from China infrastructure push

'It's clear, or it needs to be clear, that CPEC is not about aid'

Bitcoin plummets to a six-month low on China crackdown

LONDON: Bitcoin slumped to a six-month low on Friday after China's central bank launched a fresh crackdown on cryptocurrencies, warning of the...

CPEC to focus on welfare of masses: Asad Umar

Planning Minister Asad Umar has said that ongoing phase of the China-Pakistan Economic Corridor (CPEC) would bring about socio-economic benefits for the...

‘Furniture city to be set up near Chiniot’

LAHORE: Punjab Industries & Trade Minister Mian Aslam Iqbal has said that a furniture city would be established on 200 acres of land...

SBP keeps policy rate unchanged at 13.25pc

The State Bank of Pakistan (SBP) has decided to maintain the policy rate at 13.25pc for the next two months. In a statement...

Govt may merge Ufone completely with PTCL

ISLAMABAD: An inter-ministerial committee on Thursday discussed merging Ufone — a subsidiary of PTCL — either with PTCL or another telecom operator. The...

CPEC projects resulted in 10,000 jobs; 15% output to national grid

KARACHI: China-Pakistan Economic Corridor (CPEC)’s energy projects have contributed $250 million in taxes and provided 10,000 jobs by adding 14.5 percent of...

Conversion to electric vehicles could save $2bn in oil import bills: Amin Aslam

ISLAMABAD: Adviser to Prime Minister on Climate Change Malik Amin Aslam Thursday said Karachi based automobile manufacturers had developed successful Electric Vehicle...

Dasu Hydropower Project’s land price doubles to Rs37bn

ISLAMABAD: The price of acquisition of land for the for Dasu Hydropower Project (DHP) has almost doubled from Rs19 billion to Rs37...

Employment a challenge despite low unemployment rate: WB

ISLAMABAD: The World Bank (WB) has said employment is a challenge in Pakistan despite there being a low unemployment rate in the...

AIIB commits $112m to improve transport, water services in Karachi

KARACHI: Residents across Karachi will have greater access to basic services following recent investments by the Asian Infrastructure Investment Bank (AIIB) to improve...

OECD sees global growth at decade low, blames govts’ indecision

PARIS: The global economy is growing at the slowest pace since the financial crisis as governments leave it to central banks to revive...

Punjab excise department undergoes overhaul

LAHORE: Punjab Excise, Taxation and Narcotics Control (ET&NC) Director General (DG) Zahid Hussain has transferred and posted 21 officers of the department...

Pakistan urged to honour int’l conventions before GSP-Plus review

ISLAMABAD: The civil society has urged the government to ensure compliance of all international conventions on climate change, human and labour rights before...

Govt striving hard to revolutionise power sector: minister

ISLAMABAD: Power Minister Omar Ayub Khan said on Thursday that the government was bringing a revolution in the power sector in order...

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FBR to recommend amendment in Income Tax Ordinance over remittances

ISLAMABAD: Taking measures in response to a plea of an overseas citizen of Pakistan seeking benefits of certain provision of Income Tax Ordinance 2001...

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PayPal not ready to tap Pakistani market

A delegation from the Ministry of Information Technology visited the United States last month to convince international online payment company, PayPal, to bring its...