Oil, food, transport imports grow 29pc in July-February
LAHORE: Pakistan’s oil, food and transport import bill amounted to $16.2 billion in the first eight months of the current fiscal year,...
Delay in work on Diamer-Bhasha Dam expected due to slow resettlement
LAHORE: Despite disbursement of Rs88 billion for $14 billion Diamer-Bhasha Dam, only 20 per cent resettlement has been completed by the government...
Russia keen to invest in CPEC, Balochistan: Counsel General
QUETTA:Â Balochistan Governor Muhammad Khan Achakzai said China-Pakistan Economic Corridor (CPEC) was creating prosperous opportunities for profitable investment in Balochistan, while 'we want...
Power consumers likely to get relief of Rs2.19 per unit for Feb
ISLAMABAD:Â Power consumers in the country are likely to get a relief of Rs2.19 per unit in lieu of a fuel price adjustment...
Govt in a fix over impending peak electricity season
LAHORE:Â Speaking to Pakistan Today, sources in the ministry have said that a one-off payment of circular debt is strongly being considered by...
CAA deposits Rs5 bn in Ali Jahangir Siddiqui’s JS Bank, violating Finance Division’s rules
ISLAMABAD:Â In a surprising development, it has reliably been learnt that the Civil Aviation Authority (CAA) has deposited Rs5 billion of funds, which...
Promotion of SMEs top on SBP agenda: Tariq Bajwa
SIALKOT:Â State Bank of Pakistan (SBP)Â Governor Tariq Bajwa has said that adequate efforts were being made for the promotion of SME sector in...
TIP receives a complaint against CAA regarding deposits in JS Bank
KARACHI: Transparency International Pakistan (TIP) has received a complaint against the Civil Aviation Authority (CAA) who has deposited a huge amount of...
Oil prices push up, as Saudi Arabia says production curbs could last into 2019
SINGAPORE: Oil prices rose on Friday, pushed up by Saudi statements that OPEC and Russian led production curbs that were introduced in...
IRSA projects water shortage could impact Kharif crops this season
ISLAMABAD: The Indus River System Authority (IRSA) issued a stark warning on Thursday that increased water shortage this season could jeopardize the...
Imposition of regulatory duties failed to rein in imports
KARACHI: Experts on Thursday stated the imposition of regulatory duties on imports of non-essential imports failed to rein in the current account...
Private sector lending touches record high of Rs4.893 trillion in February 2018
KARACHI: Data released by the State Bank of Pakistan (SBP) revealed the country’s private sector lending touched a record high of Rs4.893...
Pakistan has high production costs due to expensive energy: Ishrat Hussain
ISLAMABAD: Former Governor State Bank of Pakistan (SBP) Dr Ishrat Hussain said on Thursday that Pakistan has a very high cost of production particularly due...
Travel and tourism contribution to reach Rs986 bn this year
The travel and tourism sector contributed Rs930.9 billion, that is 2.9 per cent of Pakistan’s gross domestic product (GDP), in 2017 and...
High-level Chinese delegation visits defence production ministry
ISLAMABAD: A high-level Chinese delegation visited the Ministry of Defence Production and held a bilateral meeting, co-chaired by Ministry of Defence Production...