Dastgir says indigenous resources to be used for electricity
LAHORE: Minister for Energy Khurram Dastgir Khan said that celebration day was observed on completion of 1,000 days of 886 kilometer long Matiari-Head Balloki transmission line project under China-Pakistan Economic Corridor (CPEC). Addressing p...
Ferry service between 'Do Darya to Port Qasim' proposed
KARACHI: In an exciting development, Japanese firm has proposed to start ferry service from Karachi's Do Dorya to Port Qasim and developing other water sports facilities in Sindh. Proposal came under discussion in meeting between Chief Minister Syed...
Rupee sees gain, up 3.83pc against dollar
Karachi: Rupee made strides against dollar, appreciating 3.83 percent in inter-bank market. At close, domestic unit settled at 275.44, an increase of Rs 10.55, as per State Bank of Pakistan. "This is highest day-on-day recovery after May 12, 2023 (Rs...
IMF deal to address Pakistan's inflation, external debt concerns: Gov SBP
Karachi: Staff-level agreement between International Monetary Fund (IMF) and Pakistani authorities will address country's inflationary and external debt issues, said Governor State Bank of Pakistan (SBP) Jameel Ahmad. Remarks come after IMF announced...
PACRA reaffirms credit rating of PMIC
Islamabad: Pakistan Credit Rating Agency (PACRA) has maintained long term and short term entity ratings of Pakistan Microfinance Investment Company (PMIC) at ‘AA’ (Double A) and ‘A1+’ (A One Plus) respectively. Rating reflects...
Neem sees $1m investment from DNI Group
Karachi: South Africa-based DNI Group has invested $ 1 million in Pakistani startup Neem as part of strategic partnership, with aim of “Fostering innovation and growth in embedded finance space” and “Transforming financial landscape...
Govt launches Shariah-compliant savings, term accounts
Islamabad: Finance Minister Ishaq Dar launched Shariah-compliant investment instruments, saying that government intends to promote Islamic financial system and gradually eliminate interest-based banking in Pakistan. Addressing launching ceremony of S...
Minister praises PM for giving go-ahead to HESCO
ABBOTTABAD: Minister for Parliamentary Affairs Murtaza Javed Abbasi said that approval of establishment of Hazara Electric Supply Company (HESCO) by Prime Minister Shahbaz Sharif is great decision to facilitate masses of region. Expressing his views...
Kh Asif vehemently denounces Modi-Biden joint statement
Islamabad: Defence Minister Khawaja Asif expressed strong objections to inclusion of Pakistan in joint statement issued after significant meeting between US President Joe Biden and Indian Prime Minister Narendra Modi. Statement highlighted shared dem...
PM Shehbaz meets President of IsDB
PARIS: Prime Minister Shehbaz Sharif met President of Islamic Development Bank (IsDB), Dr. Muhammad Al Jasser on sidelines of New Global Financing Pact Summit in Paris. During meeting, there was an exchange of views on longstanding cooperation and re...
