CPEC SEZs to play key role in country’s development
Islamabad:Â Establishment of special economic zones (SEZs) under CPEC framework based on Chinese experience coupled with active involvement of private sector will attract...
WAPDA prepares to upgrade Dargai hydropower project
ISLAMABAD: Water and Power Development Authority prepared a scheme for rehabilitation and up-gradation of Dargai hydropower project at an estimated cost of...
Satpara dam project to be handed over to G-B Government
ISLAMABAD: Satpara Dam project would be handed over to the government of Gilgit-Baltistan within six months as per framework decided by WAPDA...
T-Mobile & Sprint merger plan gathers steam
Washington: T-Mobile U.S. Inc and Sprint Corp plan to announce a merger agreement without any immediate asset sales, as they seek to...
Oil prices climb due to Iran sanction threats
Singapore: Oil markets jumped on Monday on concerns over potential renewed U.S. sanctions against Iran as well as conflict in Iraq, while...
Uniform cost criteria to be applicable for consumers living within 5km vicinity of gas fields
Islamabad: Natural gas consumers living within 5km vicinity of gas fields in all four provinces will be subjected to a uniform costing...
Pakistan criticizes World Bank for overestimating repayment obligations
Islamabad: Pakistan criticized the World Bank for overestimating its external repayment obligations by $13b, which actually stands at $18b, the Finance Ministry said...
Banks lend Rs 7000 crores in consumer loans in FY 17
KARACHI: Lower interest rates have led to consumer loans picking up pace, with banks recording disbursements of over Rs 70 billion (Rs...
Govt to ensure business-friendly environment: PM
ISLAMABAD:Â Prime Minister Shahid Khaqan Abbasi has reiterated the commitment of the government to continue undertaking all possible measures including policy initiatives to...
UAE keen to enhance trade relations with Pakistan: Envoy
ISLAMABAD: United Arab Emirates Ambassador Hamad Obaid Alzaabi has said that UAE wanted to further enhance trade relations with Pakistan as both...
Summit Bank, Sindh Bank merger finalised
KARACHI: In a notification sent to the bourse by Summit Bank Limited on Friday, it has been notified subject to approval by...
Currency circulation rose despite imposition of WHT on banking transactions, says: SBP
Karachi: The enforcement of withholding tax on banking transactions hasn’t prevented the cash economy from flourishing, said State Bank of Pakistan in...
SBP forex reserves decline 0.50pc to touch $13,787.9m
Karachi: Decline in foreign exchange reserves continued for the fourth consecutive week as reserves held by State Bank of Pakistan (SBP) touched...
PAC directs investigation into appointment of ex-MD Nandipur power project
Islamabad: Public Accounts Committee (PAC) on Thursday decided to investigate a Punjab government officer responsible for managing the operations of the cash-bleeding...
Next stage of CPEC begins, as priorities shift towards industrial parks
Islamabad: After completing work on early harvest energy projects, China-Pakistan Economic Corridor is taking the next step towards finalizing recommendations coming Tuesday...