Rupee closer to stability, says: SBP Governor
ISLAMABAD: State Bank of Pakistan Governor, Tariq Bajwa on Tuesday came forward on Tuesday three days after central banks decision for allowing...
7th long-term plan of CPEC to launch on December 18th
KARACHI: Planning and Interior Minister Ahsan Iqbal on Tuesday said, seventh-long term plan of China-Pakistan Economic Corridor will be launched on December...
Parliamentary panel gives govt two weeks to clear its stance on circular debt
ISLAMABAD: The Senate’s Standing Committee on Finance, Revenue, Economic Affairs and Narcotics Control Tuesday gave two-week time to the Ministry of Power...
Govt released Rs3.612 million for petroleum sector from July-November
ISLAMABAD: The government has released Rs3612.280 million for the Petroleum and Natural Resources Division under the Public-Sector Development Programme (PSDP 2017-18) during...
Pakistan’s first tariff-based auction for solar power project announced in Sindh
KARACHI: The Sindh government has announced to launch a tariff-based auction to develop a 50 megawatt (MW) solar power project in the...
North-South gas pipeline’s BOOT agreement being negotiated
ISLAMABAD: Pakistani and Russian experts are in process of holding negotiations on Build-Operate-Own-Transfer (BOOT) agreement to lay an 1100 kilometre gas pipeline...
Cabinet Committee on Energy agrees on amendments related to power tariff
ISLAMABAD: The Cabinet Committee on Energy on Tuesday decided to introduce suitable amendments in the existing policy framework to address various issues...
EETPL signs LSA with SSGC for additional gas
KARACHI: Engro Elengy Terminal Private Limited (EETPL) signed an LNG Supply Agreement (LSA) with Sui Southern Gas Company (SSGC) for the provision...
Banking sector remains sound & stable in Q3CY17: SBP
KARACHI: The Quarterly Performance Review (QPR) of the banking Sector for the quarter ended 30th September 2017, has been released by State...
Oil prices reach two-year peaks, after North Sea pipeline fault
LONDON: Oil prices jumped to their highest in more than two years on Tuesday after the shutdown of a North Sea pipeline...
Rupee continues depreciation spree for third-day running
KARACHI: The Pakistani rupee fell for a third straight session on Tuesday after the central bank withdrew its support on Friday, effectively...
Overseas Pakistanis remit $8bn up by 1.2pc in July-Nov 2017-18
KARACHI: Overseas Pakistani workers remitted $ 8021.18 million, which is up by 1.2 per cent in the first five months (July to...
Dost Steels restructuring talks with Pak Kuwait Investment collapse
LAHORE: A bourse notification on Monday revealed Dost Steels Ltd’s debt restructuring negotiations have broken off with Pak Kuwait Investment Company (PVT)...
Overseas Pakistani’s to have bank accounts in Pakistan: SBP
DUBAI: To curb hundi and hawala systems of money transfer, State Bank of Pakistan is set to make it mandatory for overseas...
Rupee continues downward spiral, falls to Rs108.5 against US dollar
LAHORE: The rupee on Monday morning depreciated further against the US dollar to Rs108.5 in the inter-bank market after closing on Friday...