Govt committed to producing cheap power to meet growing needs: minister
LAHORE: Energy Minister Omar Ayub Khan has said that the government is focusing on alternate resources to produce cheaper power so as to...
Italy endorses China’s Belt and Road plan in first for a G7 nation
ROME: Italy endorsed China’s “Belt and Road” infrastructure project on Saturday, the first Group of Seven (G7) industrialized power to do so, as...
Assets of Islamic banks up 9.1pc
KARACHI: During the last quarter of 2017, Islamic banking industry’s assets grew 9.1 per cent (Rs189 billion) to Rs2.272 trillion, compared to Rs2.083...
Trade bodies meet Federal Minister Haroon Akhtar to mull budget proposals
ISLAMABAD: Office-bearers and representatives of various trade associations met Special Assistant to Prime Minister (PM) on Revenue and Federal Minister Haroon Akhtar Khan,...
Government to raise Rs4.375t from auction of t-bills, long-term papers
KARACHI: State Bank of Pakistan (SBP) on Friday disclosed the government intends to raise Rs4.375 trillion from banks through sale of treasury...
Power consumers likely to get relief of Rs2.19 per unit for Feb
ISLAMABAD: Power consumers in the country are likely to get a relief of Rs2.19 per unit in lieu of a fuel price adjustment...
FPCCI seeks representation in the Economic Reform Committee
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Tuesday sought the inclusion of at least two of its representatives in the...
France provides 100mn Euros for energy sector reform in Pakistan
ISLAMABAD
Pakistan and France on Wednesday signed Euro 100 million credit facility agreement for the Sustainable Energy Sector Reform Program.
Secretary, Economic Affairs Division...
Cutlery exports decrease 3pc in seven months FY19
ISLAMABAD: The cutlery exports from the country decreased by 3.08pc during the first seven months of the current fiscal year as against the...
Pakistan to continue development partnership with Canada: minister
ISLAMABAD: A high-level delegation led by Canada’s Deputy Minister of International Development Leslie Maclean called on Economic Affairs Minister Muhammad Hammad Azhar...
Oil edges back from big slump as Iran sanctions return to focus
Front-month Brent crude oil futures were at $76.72 a barrel at 0320 GMT, 28 cents, or 0.4 percent, above their last close
Cumulative trade deficit for last fours recorded at nearly $99b
ISLAMABAD: As exports kept falling compared to ever rising imports since the present government came into power in 2013, the trade deficit...
Upgradation of power transmission lines need of hour: Power Minister
ISLAMABAD: The government realises the importance of transmission lines in completing the upcoming power generation projects. The current transmission network needs to be...
ICCI urges FBR to stop harassment of builders and developers
ISLAMABAD: President Islamabad Chamber of Commerce and Industry (ICC), Sheikh Amir Waheed has urged the Federal Board of Revenue (FBR) to stop...
Pakistan looking towards partnerships with foreign companies in energy sector
KARACHI: Petroleum Division Minister Jam Kamal Khan has said the country has significant consumption of energy, with its GDP growth anticipated at...