Revision in foreign currency account law could rein in demand of dollar in kerb market
KARACHI: The promulgation of a revised Protection of Economic Reforms Act (PERA) 1992 earlier this week has been appreciated by experts, which...
Learn how Facebook targets its users with advertisements
NEW YORK: If you want to tailor a Facebook ad to a single user out of its universe of 2.2 billion, you...
Pakistan to get faster, reliable internet as China backed submarine cable to start operations by end-2019
LAHORE: Pakistan internet backhaul is expected to receive a significant boost with the addition of an upcoming submarine cable called PEACE cable...
Short-termism impedes progress of world’s poorest people: UN report
NEW YORK: The prospects of around 800 million of the world’s poorest people remain dire. The global economy is experiencing a moderate upturn,...
Govt, ADB sign deals worth $375mn to improve irrigation, public-private partnership in Punjab
ISLAMABAD:Â The Asian Development Bank (ADB) and the Government of Pakistan on Friday, signed two loan agreements totaling $375 million to improve irrigation...
PTCL posts Rs30bn revenue for first quarter of 2018, up 4pc YoY
MULTAN: Pakistan Telecommunication Company Limited (PTCL) announced its financial results for the quarter ended March 31, at its Board of Directors meeting...
Hindrances in GE power plants could cause headaches for PML-N
ISLAMABAD: A pledge by Pakistan’s ruling party to end electricity outages ahead of a general election in mid-2018 is being undermined by...
Pakistan holds huge potential in renewable energy, requires reforms to tap it: IRENA
ISLAMABAD: Pakistan possesses huge potential in the realm of renewable energy, but lacks a clear target in this sector, said the International...
Power sector receivables jump 10 percent, touch Rs 805 billion
ISLAMABAD: Pakistan’s power sector receivables rose to Rs805 billion by end of January 2018, posting a 10 percent increase in 1st seven...
Chinese firm expresses interest in establishing deep oil refinery in Pakistan
ISLAMABAD: A Chinese state-owned entity has expressed interest in building an up-country deep conversion oil refinery at a cost of $7-8 billion...
PSO-Attock petroleum open country’s most advanced fuel farm at New Islamabad Airport
ISLAMABAD: Pakistan’s most sophisticated fuel farm facility was opened at the New Islamabad International Airport by Adviser to Prime Minister on Aviation...
PM rejects move to eliminate subsidy for industrial consumers
ISLAMABAD: The proposal to hike power prices for industrial consumers by removal of Rs3 per unit subsidy has been rejected by the...
Oil prices dip, set for biggest weekly gains since July 2017
TOKYO: Oil prices edged lower on Friday but are set for their biggest weekly gains since last July following a jump to...
SBP prohibits remittances in foreign currency accounts of non-filers
KARACHI: The State Bank of Pakistan (SBP) on Thursday advised the authorized dealers in foreign exchange to adopt the Protection of Economic...
Rs14.8 billion diverted from RLNG-II project to supply gas to underserved areas
ISLAMABAD: Over Rs14.8 billion funds reserved for the building of RLNG distribution network have been diverted for projects to ensure gas supply...