After rail, Iran set to drop India from key gas project

--Iran had last week dropped India from Chahbahar rail project, inking 25-year multi-billion-dollar deal with China --New Delhi hopeful Tehran might engage India...

Sukkur-Hyderabad Motorway among Rs289bn projects approved by ECNEC 

ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) on Thursday approved four projects worth Rs289 billion pertaining to the construction...

Trump wants to buy Roosevelt Hotel, PIA tells privatisation panel

–PIA official says hotel will be leased on long-term basis –PML-N's Khawaja Asif opposes privatisation of any entity during Covid-19 pandemic ISLAMABAD: A senior Pakistan...

Will build ‘biggest dam’ in country’s history, PM Imran vows

--PM kickstarts construction of much-delayed Diamer-Bhasha dam, which is expected to become operational in 2028  --Says project will generate jobs for people of...

Turkish Airlines to manage Pakistan’s fruit, vegetable exports after PIA ban

ISLAMABAD: While Pakistan International Airlines (PIA) flight operations to Europe remain suspended, Turkish Airline has offered its services to transport Pakistani fruit...

Workers’ remittances surge 50.7pc to $2.46bn in June

--On a cumulative basis, remittances increased 6.4pc to $23.1bn in FY20, as compared to $21.7bn in FY19 --SBP attributes the 'record' jump in...

Pakistan reiterates commitment to early completion of FATF action plan 

Hafeez Shaikh urges UN panel to observe how multinational companies are devising sophisticated financial models that enable them to manoeuvre their way through tax systems and shift their profits to low tax jurisdictions

PM Imran gives PIA chief a week to submit airline’s restructuring plan

PIA chief asked to undertake the restructuring process in consultation with Adviser to PM on Institutional Reforms Dr Ishrat Hussain

SSGC formulates two-day plan to end power load shedding in Karachi

The company will halt gas supply to general industries and their captive power plants and divert the same to K-Electric

Imran calls for combined strategy to help labourers during pandemic

PM addresses ILO Global Summit, says many countries, including Pakistan, depend upon remittances sent by overseas workers

Bus-sharing app Swvl hit with security breach; names, numbers of users compromised

Company says hackers did not access passwords, credit card information

South Korea’s Eximbank mulls $76m financing for Pakistan’s large-scale IT project

Export-Import Bank of Korea also plans to delay debt repayment of seven loans extended to Pakistan that face maturity this year

Govt okays two more projects under public-private partnership 

After Sukkur-Hyderabad Motorway, govt decides to construct Karachi-Quetta Road and Mianwali-Muzaffargarh Road on PPP mode

Pakistan, China ink accord for construction of Azad Pattan Hydel Power Project

Lt Gen (r) Asim Bajwa says the project will attract $1.5bn foreign investment, besides creating 3,000 job opportunities 

Javed Ghani appointed as new FBR chief, replaces Nausheen Javed

This is the fourth appointment made to the position since the ruling PTI took office