Limited power outages to persist for next 2-3 days: Dastagir
ISLAMABAD: There was massive load-shedding all over the country on Tuesday after power was restored late Monday night following a national power...
Pakistan, IMF start virtual negotiations to build consensus on ninth review
ISLAMABAD: Pakistan and the International Monetary Fund (IMF) have started virtual negotiations to build consensus on the ninth review, said a senior...
MPC hikes policy rate to 17%
The State Bank of Pakistan (SBP) in a much anticipated MPC meeting has raised the policy rate by 100 basis points. The...
SBP offers stop-gap solution to importers for clearance goods held at portÂ
KARACHI: In a letter addressed to presidents and chief executives of authorised dealers in foreign exchange, the State Bank of Pakistan’s (SBP)...
Power breakdown across Pakistan Â
Pakistan experienced a massive power outage early Monday due to a failure in its national electricity grid. Power was out in all...
Mohsin Naqvi picked as caretaker CM of PunjabÂ
LAHORE: The Election Commission of Pakistan (ECP) on Sunday unanimously decided to appoint Syed Mohsin Raza Naqvi, the owner of the City...
Govt likely to remove MDs of Sui Companies over ‘poor performance’
ISLAMABAD: At a loss to the prevailing gas losses and energy crisis in the country, the government is hoping a change in...
Govt increases profit rates on Naya Pakistan Certificates to lure dollars
ISLAMABAD: The federal government has increased rates on return on US dollar based Naya Pakistan and Islamic Naya Pakistan Certificates to attract...
Crackdown against petroleum smuggling fails
ISLAMABAD: The customs adjudicating officers have reportedly dismissed a majority of the cases made by different customs collectorates under the direction and...
Possible breakthrough in Russo-Pak energy talksÂ
ISLAMABAD: Pakistan and Russia have reached an agreement to establish working groups to enhance cooperation in a number of fields including oil...
Cold storage owners hint at fruit, vegetable shortage
LAHORE: A fruit and vegetable crisis may be on the cards after the government decided to charge commercial tariffs for the industrial...
World Bank debunks news about delay in $1.1bn loan to Pakistan
ISLAMABAD: On Thursday, January 19, 2022, the World Bank dismissed the news regarding postponement of $1.1 billion loans.Â
“The press reports that refer...
Russia extends offer to fulfil Pakistan’s energy needs
ISLAMABAD: At a high powered meeting between Russian delegations and officials from Pakistan, Russia has extended its hand to Pakistan and offered...
World Bank takes a step back on $1.1bn loan approval
ISLAMABAD: The World Bank (WB) deepens the fiscal crisis by delaying the approval of two loans worth $ 1.1 billion until the...
Pakistan to export cement worth $360m to USA first time
ISLAMABAD: While tapping the market of United State of America (USA) for the first time a Pakistani firm has received import of...