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Solar energy investment outstrips other power generation sources: IEA
PARIS: More money is pouring into solar power than all other electricity sources combined, with investments set to reach half trillion dollars this year, Top energy research body said. International Energy Agency (IEA) forecast in report that global...
Cabinet committee to oversee implementation of SIFC recommendations
Islamabad: Cabinet committee has been established to oversee implementation of Special Investment Facilitation Council (SIFC) recommendations. An order has been issued to this effect. Committee will submit decisions to Cabinet for approval. Prime Min...
Pakistan taking measures to improve governance
ISLAMABAD: In meeting with potential Chinese investors here, Prime Minister Shehbaz Sharif informed that Pakistan was working on enhancing governance, expanding its tax net and facilitating business practices to help attract foreign direct investment...
KSE-100 extends losses amid selling pressure
Karachi: Pakistan Stock Exchange (PSX) witnessed another negative session, as its benchmark KSE-100 Index closed lower by 447 points, mainly on selling in banking and exploration sectors. Trading at KSE-100 remained volatile throughout session as in...
ADB approves $250m loan to boost public-private partnerships
Karachi: Asian Development Bank (ADB) approved $ 250 million policy-based loan to help Pakistan drive sustainable investments in infrastructure and services through public-private partnerships. As per press statement, loan is part of ADB’s Prom...
Solar net metering: Power division refutes speculations on policy
ISLAMABAD: Power division refuted speculations regarding ending solar net metering policy. Power division spokesperson refuted news regarding ending net metering policy, as fake and baseless. News channels should have contacted Ministry before airin...
Pakistan to ‘request’ UAE for $1bn loan rollover
ISLAMABAD: Pakistan to ‘request’ United Arab Emirates (UAE) for rollover of $ 1 billion loan, before maturity period, sources said. Finance Ministry has completed working on matter and Prime Minister Shehabz Sharif is likely to pen...
PM pledges to protect Chinese nationals in Pakistan
Shenzhen: Prime Minister Shehbaz Sharif expressed resolve to spare no efforts in protecting lives of Chinese citizens in Pakistan. “Ever since we have taken various measures to put in place fool-proof security system to protect lives of...
Pakistan eyes access to Chinese capital markets: Aurangzeb
Shenzhen: Finance Minister Muhammad Aurangzeb said that Pakistan was keen to access Chinese capital markets, as Islamabad seeks to raise finances from international avenues. Addressing Pak-China Business Forum being held here, he said, “During...
Budget rescheduled owing to PM’s China visit
ISLAMABAD: Government would present its budget for fiscal year 2024-25 on June 12 as it has been rescheduled due to Prime Minister Shehbaz Sharif’s visit to China. State Minster for Finance Ali Pervez Malik confirmed development, stating that b...
