Pakistan & Russia to sign multi-billion dollar off-shore gas pipeline project

ISLAMABAD: Pakistan has agreed upon signing a multi-billion-dollar offshore gas pipeline deal with Russia in coming few weeks. This happened on the sidelines...

PTA actively pursuing broader targets for telecom services development

ISLAMABAD: Pakistan Telecommunication Authority (PTA) – dynamically engaged in changing telecom landscape of Pakistan – has tackled every new challenge with determination,...

Dollar normalizes, after increasing to Rs108.50 in inter-bank market

KARACHI: The US dollar attained a sense of normalcy after rising more than three rupees in the inter-bank market earlier on Friday. The US...

FBR sanctions release of Rs6 billion sales-tax refunds in five-year cases

KARACHI: A decision to refund stuck sales tax refunds of Rs6 billion in five-year cases has been given go-ahead by Federal Board...

Pakistan third largest investment beneficiary from OBOR initiative: EIU

LAHORE: China’s One Belt, One Road (OBOR) initiative seems to be benefiting Pakistan, as it has been ranked amongst the top three...

Sindh approves additional subsidy of Rs9.30 per kg to facilitate sugar exports

ISLAMABAD: The Sindh government has upped the ante by approving a subsidy of Rs30 billion for sugar millers to facilitate exports of...

7th JCC meeting details revealed by Chinese diplomat

Karachi: The beans have been spilt, as a full list of several projects and agreements finalized during 7th Joint Cooperation Council (JCC)...

Oil prices fall as US dollar strengthens

SINGAPORE: Oil prices dipped on Friday as the U.S. dollar strengthened, although OPEC-led supply cuts are seen supporting markets going into next year. U.S....

SBP calls for accelerated adoption of PayPak card by banks

KARACHI: The Deputy Governor of State Bank of Pakistan (SBP), Jameel Ahmad, has emphasized the need for the adoption of domestic payment...

Overseas Pakistanis earn over $50bn disposable income

ISLAMABAD: Millions of Pakistanis living abroad earn over $ 50 billion as disposable income out of which only $ 20 billion is...

Number of branchless banking agents crosses 0.4mn

ISLAMABAD: The number of branchless banking agents are witnessing continuous surge throughout the country, crossing 0.4 million at end of July 2017. The...

PAC directs ministry to address over-billing issue

ISLAMABAD: Public Accounts Committee (PAC) on Thursday directed the Ministry of Power Division, NEPRA to address the issue of overbilling by reducing...

Re-emerging supply, lower demand push down oil refining margins

SINGAPORE: Profits on refining fuel oil have been hammered to multi-month lows over the past two weeks on emerging signs of growing...

International rice clients are more interested to procure sustainable rice from Pakistan

SHEIKHUPURA: An Official from Van Sillevoldt Rijst (VSR) Netherland, VSR Director Henk Verschoor visited the Rice Partners Pvt Ltd (RPL) plant in Muridke,...

Pakistan GasPort to recommence LNG supplies on Dec 8

LAHORE: Pakistan’s second LNG import terminal, established by Pakistan GasPort Consortium Limited (PGPC) at Port Qasim, Karachi, shall recommence gas supplies to...