Pakistan involved in various projects to meet energy needs
TAPI project will cost an estimated $7-9 billion and will transfer 90 million cubic metres of gas per day to these countries
ECC not to interfere in cement industry, permits them to increase prices
According to the Ministry of Industries and Production, in spite of the high cost of production and higher taxes, the prices of cement in Pakistan were lower than those in India and Sri Lanka
IMF proposes government to raise GST to 18% as part of comprehensive fiscal adjustment
IMF has recommended bolstering revenue collection at the import stage because of 26% depreciation of the rupee since January 2018 and imminent depreciation under its programme
Pakistan goes against the grain with coal power spree
Environmental concerns about Pakistan's coal spree go beyond the villages of Thar. The UN has warned that the country risks an “absolute” water shortage by 2025, and activists have warned about the impact of such industries on increasingly scarce water supplies
Current account deficit balloons 34% MoM in October to $1,218 million
In the first four months (July-October) of current FY19, current account deficit has fallen by 4.6% year-on-year (YoY) to $4,840 million
Fresh audit reveals PIA’s market share greatly diminished between 2008-2017
According to the audit report, the state-owned airline couldn’t continue as a going concern without the assistance of the government since it had accumulated a loss of Rs361 billion till December last year
GNL set to launch Renault trucks in Pakistan
GNL will be responsible for the import, distribution and after-sales service of the three new ranges and also the CKD assembly at its manufacturing site located at Port Qasim, Karachi by the end of next year
Engro needs a year for next LNG import terminal decision
Royal Dutch Shell, trading house Gunvor and local company Fatima are partners in Engro’s second planned terminal which would be located at Port Qasim with a Floating Storage and Regasification Unit (FSRU) vessel processing the gas
IMF bailout still in Pakistan’s best interest, says Asad Umar
'It will be a huge challenge if there is no headway in the negotiations in the next few days'
Finance Minister Asad...
IMF hopeful of economic turnaround under incumbent regime
Mission says CPEC will not only increase Pakistan's energy production but will also help the country achieve sustained economic growth
ISLAMABAD: The International Monetary Fund...
Pakistan escapes downgrade to frontier by MSCI, UBL & Lucky Cement stocks demoted
United Bank Limited and Lucky Cement have been removed from the MSCI Global Standard Index Pakistan and have been demoted to MSCI Global Small Cap Indexes
Govt set to shock electricity consumers
–Govt decides to withdraw Rs146bn subsidy being given to domestic consumers
–Power Ministry proposes up to Rs20.70 per unit increase in price of...
Pakistan risks foreign investment with threat to reopen LNG deals: Former PM
Exxon Mobil returned to Pakistan in May with an investment in an offshore drilling project. It has expressed interest in building an LNG terminal in the country
Haleeb gunning to reform, modernize itself to compete in dairy sector
Haleeb is focusing on bolstering its research and development (R&D) segment to challenge multinational food giants considering the presence of two multinationals and expected acquisition of Fauji Foods by China-based Yili industrial group
IMF raises questions over measures to rein in fiscal deficit
IMF pondered over how the government aimed to achieve the projected fiscal deficit target of 5.1% when the development programme had been slashed severely