Turkish Shylock twists Pak’s arm for $846m pound of flesh

Turkish Karkey demands immediate payment of $846 million arbitration award handed down by the ICSID in August 2017 to Pakistan.

Karachi Port Trust to build $10bn freight corridor

KARACHI: The KPT is initiating work on the development of a freight corridor at a whopping estimated cost of around $10 billion along the...

PAPCO’s $200 million multi-grade pipeline to be functional next year

KARACHI: The Pak Arab Pipeline Company (PAPCO)’s White Oil pipeline will become multi-grade by the second quarter of 2019, Shell Pakistan’s management told a group...

FBR for AEO programme to boost trade

In order to remove the hurdles in cross-border trade, Federal Board of Revenue (FBR) has decided to make rules regarding the Authorised Economic Operator (AEO) programme.

Ship container service connecting Gwadar to the UAE starts

KARACHI: The first ever container vessel 'MS TIGER' under the CPEC (China Pakistan Economic Corridor) project has arrived at Gwadar Port. Pakistan Navy ships...

PGPC refuses to clear duty while Customs decides to initiate proceedings: sources

ISLAMABAD: A new controversy has emerged as Pakistan Gas Port Consortium (PGPC) has so far refused to pay customs duty and withholding tax worth...

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Pakistan to export cigarettes worth $50m for the first time

ISLAMABAD: Although Pakistan has been exporting tobacco and tobacco products to various countries, now for the first time, the country is going to export...

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