Govt to take $490m loan from ADB for Karachi BRT project
ISLAMABAD:Â The government has decided to take a loan of $490 million from the Asian Development Bank (ADB) in order to fund the...
Minister calls for devising a robust strategy for infrastructural development
ISLAMABAD: Planning, Development and Reform Minister Makhdoom Khusro Bakhtiar has emphasised the need for devising a holistic strategy to develop the country’s infrastructure...
JWG stresses timely completion of Gwadar projects
ISLAMABAD:Â The meetings of the Joint Working Group (JWG) on Gwadar and Industrial Cooperation were held via video-conference on Thursday.
The meetings were co-chaired...
AIIB keen to invest $1bn in Pakistan
'Bank plans to finance $100m on Karachi Bus Rapid Transit Project, $400m on Rawalpindi Ring Road'
BEIJING:Â The Asian Infrastructure Investment Bank (AIIB)...
Chinese enterprises undertake over 3,000 BR projects in regional countries
As of the end of 2017, China’s central SOEs had 10,791 overseas entities spread over 185 countries and regions, with total overseas assets exceeding 7 trillion yuan
CPIC Global signs deal for two mega residential, commercial projects in Gwadar
'The dream of a Gwadar becoming a key economic hub of Asia is not far away now'
ISLAMABAD:Â CPIC Global on Wednesday signed...
Total PARCO, NH&MP join hands to ensure road safety
SHEIKHUPURA:Â Reinforcing a shared commitment to enhancing road safety on national highways and motorways, Total PARCO Pakistan Limited (Total PARCO) and the National...
Govt urged to list Diamer-Bhasha dam in domestic, int’l stock markets
MULTAN:Â The business community of southern Punjab has proposed the government to list the Diamer-Bhasha dam in domestic and international stock markets to...
Dawood Hercules backs off Rs17.453 billion deal with Edotco Pakistan
At end of August 2017, DHCL in partnership with Edotco entered into an agreement with Veon Pakistan Limited to acquire its wireless tower business in Pakistan for $940 million.
China says Russian involvement pivotal in Belt and Road Initiative
BEIJING: Russia is China’s major partner in the implementation of the Chinese government’s development strategy Belt and Road Initiative, Yu Jun, adviser at...
Pakistan and China agree on upgrading ML-1 railway track
BEIJING: The Ministry of Railways and the National Railway Administration of China (NRAC) have undertaken initial work on Pakistan Railways’ Mainline 1...
Has CPEC hit a major roadblock?
China’s infrastructure building spree across the nation seems to have been halted due to Pakistan’s inability to pay its loans
Election 2018: Political parties release specific plans for CPEC
ISLAMABAD: With the General Election 2018 around the corner, almost all major political parties have come up with their respective election manifestos...
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.
IRSA summons emergency meeting to review water situation for Kharif 2018
Indus River System Authority (IRSA) has summoned an emergency meeting of its advisory committee to review the current water situation and anticipated criteria for the cropping season of Kharif 2018.