Pakistan awaits Saudi Arabia’s response on renewal of oil facility agreement
ISLAMABAD: An agreement between Pakistan and Saudi Arabia for provision of $3.2 billion worth of oil on deferred payments per annum has...
Lower interest rates, government incentives pour investment in construction sector
LAHORE: The federal government’s decision to incentivise the construction sector has opened avenues for investments in many sectors. Pakistan Tehreek-e-Insaf (PTI) government...
Rent-seeking behaviour
The biggest difference between being pro-free markets – which this publication is – and being pro-business – which is a seemingly similar,...
Downpour in Karachi substantially reduces industrial production, causes supply delays
KARACHI: Continuous rains in Karachi slowed down production activities at industrial units, except in industrial area, reducing overall output by almost 50...
Repayment of $1bn to Saudi Arabia not indicative of eroding bilateral relations: FM
ISLAMABAD: Relations between Saudi Arabia and Pakistan are as cordial as ever and the loan repayment has been made to reduce negative...
WAPDA writes letter to CPPA asking to clear Rs221b in dues
ISLAMABAD: Water and Power Development Authority (WAPDA) has written a letter to the Central Power Purchasing Agency-Guaranteed (CPPA-G) asking to clear its...
SBP will directly credit duty drawbacks to exporters’ accounts from Sep 1
ISLAMABAD: The State Bank of Pakistan will credit the Duty Drawbacks directly into the accounts of the exporters from September 1, 2020,...
World Bank cannot arbitrate in water dispute between Pakistan and India: Illangovan
ISLAMABAD: World Bank’s outgoing Country Director for Pakistan Patchamuthu Illangovan expressed the inability of World Bank to be the arbitrator in water...
‘Moody’s reconfirmation is testimony of Pakistan’s V-shaped recovery’
ISLAMABAD: Federal Minister for Planning and Development Asad Umar tweeted this morning (Saturday) that assigning of ‘stable’ outlook to Pakistan by Moody’s...
Pakistan pushes renewables – but coal expansion continues too
ISLAMABAD: Pakistan has set in motion a plan to boost the share of its electric power that comes from renewables to 30...
TikTok prepares advertisers for possible app ban
TikTok is preparing advertisers for a possible ban of its app in the United States, ad buyers said, offering refunds for ad...
Moody’s upgrades Pakistan’s outlook from ‘under review for downgrade’ to ‘stable’, maintains B3 rating
---Moody's forecasts current account deficit (CAD) for ongoing FY21 at 2 per cent of GDP compared to 1.1 per cent recorded in FY20
Agreement for Rashakai SEZ to be signed by August end, says Asim Bajwa
ISLAMABAD: CPEC Authority Chairman Asim Saleem Bajwa on Friday said that the agreement for the establishment of Rashakai Special Economic Zone (SEZ)...
Legislation to meet FATF conditions will destroy business sentiment, NA body says
--Opp members say Pakistan being 'targeted' by FATF through stiff conditions
--Hafeez Shaikh says legislation for FATF conditions is 'not an agenda of...
IESCO to shuffle staff after inquiry report reveals power theft through bogus meters
ISLAMABAD: Islamabad Electricity Supply Company (IESCO) in an apparent bid to avoid illegal practices in future is set to shuffle staff of...