Dasu Hydropower Project’s land price doubles to Rs37bn
ISLAMABAD: The price of acquisition of land for the for Dasu Hydropower Project (DHP) has almost doubled from Rs19 billion to Rs37...
Employment a challenge despite low unemployment rate: WB
ISLAMABAD: The World Bank (WB) has said employment is a challenge in Pakistan despite there being a low unemployment rate in the...
AIIB commits $112m to improve transport, water services in Karachi
KARACHI: Residents across Karachi will have greater access to basic services following recent investments by the Asian Infrastructure Investment Bank (AIIB) to improve...
OECD sees global growth at decade low, blames govts’ indecision
PARIS: The global economy is growing at the slowest pace since the financial crisis as governments leave it to central banks to revive...
Punjab excise department undergoes overhaul
LAHORE: Punjab Excise, Taxation and Narcotics Control (ET&NC) Director General (DG) Zahid Hussain has transferred and posted 21 officers of the department...
Pakistan urged to honour int’l conventions before GSP-Plus review
ISLAMABAD: The civil society has urged the government to ensure compliance of all international conventions on climate change, human and labour rights before...
Govt striving hard to revolutionise power sector: minister
ISLAMABAD: Power Minister Omar Ayub Khan said on Thursday that the government was bringing a revolution in the power sector in order...
Saudi Aramco IPO’s institutional tranche oversubscribed: source
RIYADH/DUBAI: The institutional tranche of Saudi Aramco’s initial public offering (IPO) has been oversubscribed while the retail portion has received a little more...
SBP reserves up $45m to $8.44bn
The foreign exchange reserves held by the central bank rose 0.5pc on a weekly basis, according to data released by the State...
Pakistan to recover $800m outstanding dues from UAE’s Etisalat
Finance adviser calls for early resolution of issues pertaining to PTCL privatisation, pending for the last 14 years
Iran keen to enhance trade ties with Pakistan: envoy
ISLAMABAD: Ambassador of Iran Mehdi Honardoost on Thursday met Adviser to Prime Minister on Commerce Abdul Razak Dawood in Islamabad to discuss...
‘CPEC an important milestone towards Pakistan’s development’
President Dr Arif Alvi on Thursday termed China Pakistan Economic Corridor (CPEC) as an important milestone in the journey towards development, as...
Govt jacks up power price by Rs1.83 per unit
The National Electric Power Regulatory Authority (NEPRA) on Thursday notified Rs1.83 per unit increase in electricity tariff under monthly fuel price adjustment...
As others predict unchanged monetary policy, BMA expects 50bps rate cut
As the State Bank of Pakistan (SBP) is all set to announce its monetary policy for the months of November and December...
PIA adds new aircraft to its fleet
KARACHI: Pakistan International Airlines (PIA) has added a new aircraft – Airbus A320 – to its fleet, the national flag carrier confirmed on...