Petroleum Division signs PCAs, ELs for four exploration blocks
ISLAMABAD: The government on Monday signed Petroleum Concession Agreements (PCAs) and Exploration Licences (ELs) for four blocks as part of its strategy...
FBR collects Rs 1280 billion by October 31 ; Senate body informed
ISLAMABAD: Standing Committee of Senate on Finance, Revenue and Economic Affairs on Monday was informed that Federal Board of Revenue (FBR) has...
Belgian envoy vows to strengthen Pak-Belgium bilateral trade
LAHORE: Belgiun Ambassador to Pakistan Philippe Bronchain said on Monday that trade, investment, economic and friendly relations between the two countries were...
Pakistan to renegotiate TAPI gas price with TPCL
ISLAMABAD: Pakistan is in the process of renegotiating gas price with Tapi Project Company Limited (TPCL), following which construction work will begin...
Etihad Airways still has long way to go to become profitable: Group CEO
DUBAI: Abu Dhabi-based Etihad Airways still has a long way to go to become profitable, Group CEO Tony Douglas said on Monday.
"We are...
Non-performing loans surged 23pc in FY19, Senate body told
ISLAMABAD: The non-performing loans (NPLs) of the banking sector have increased by more than 23pc during the fiscal year ending June 30,...
IMF rejects downward revision in FBR’s revenue target
ISLAMABAD: The International Monetary Fund (IMF) has rejected the government's request for a downward revision in the revenue target for the ongoing fiscal...
CDWP approves eight projects worth Rs31.6bn
ISLAMABAD: The Central Development Working Party (CDWP) on Monday approved eight projects worth Rs31.6 billion and recommended five projects worth Rs195.1 billion to...
HBL starts RMB business in China
URUMQI: Habib Bank Ltd now offers end-to-end intermediation for Chinese currency Renminbi (RMB), allowing customers to now open RMB accounts.
This makes HBL...
Air Arabia signs $14bn Airbus A320 order
DUBAI: Air Arabia on Monday announced a firm order for 120 Airbus A320 family jets in a deal worth around $14 billion, as...
Local assemblers irked over increase in used car imports
ISLAMABAD: Local car manufacturers/assemblers have raised serious concerns over the surge in the import of used cars during the last two months, saying...
SBP to announce monetary policy on Friday
The State Bank of Pakistan (SBP) would unveil its monetary policy for the next two months on Nov 22 (Friday).
Prior to the...
Asad Umar returns to federal cabinet as planning minister
ISLAMABAD: Former finance minister Asad Umar will make a return to the federal cabinet as the minister for planning and special initiatives, PM’s...
Tomato imports suffer amid protests in Iran
KARACHI: Price of tomatoes won't be coming down any time soon as protests in neighbouring Iran over petrol price hike have hindered...
Chinese investment in CPEC energy projects reaches $12.4bn
ISLAMABAD: In a recent meeting held in Islamabad, China had shared with Pakistan that it has so far invested $12.4 billion in...