Cheap power generation crucial as energy import bill swells to $27bn: PM
MANGLA: Prime Minister Shehbaz Sharif said Pakistan is in dire need of generating cheap electricity as energy import bill exorbitantly touched $ 27 billion. Addressing inaugural ceremony of refurbishment project of units 5 and 6 of Mangla Dam Hydroe...
Daraz, Visa expand partnership to augment flood relief efforts
Karachi: Daraz and Visa have expanded their partnership to support active flood relief efforts for more than 4,000 families from affected communities in Pakistan. Leila Serhan senior Vice President and Group Country Manager North Africa, The Levant a...
ECC allows EAD for debt rescheduling of $26.150m with JBIC
ISLAMABAD: Economic Coordination Committee (ECC) of Cabinet allowed Ministry of Economic Affairs for signing of debt rescheduling agreement with Japan Bank for International Cooperation (JBIC) for debt suspension of Covid-19 related amount $26.150 mi...
PM invites Chinese companies to invest in renewable energy
ISLAMABAD: Prime Minister Shehbaz Sharif invited Chinese companies to invest heavily in renewable energy projects in Pakistan, particularly solar energy. Talking to delegation of China Construction, Third Engineering Bureau headed by Tan Guofu Vice C...
Saudi Arabia extends term of $3bln deposit with SBP
Karachi: State Bank of Pakistan (SBP) announced that Saudi Arabia has extended term for $ 3 billion deposited with central bank. “Implementing directives of Custodian of Two Holy Masajid King Salman bin Abdulaziz Al Saud may Allah protect him S...
‘UAE keen to expand investments in new economic sectors’
ISLAMABAD: Ambassador of United Arab Emirates (UAE) to Pakistan Hamad Obaid Ibrahim Salim Al-Zaabi said that his country was keenly interested to augment its investment news sectors of Pakistan economy. During call on meeting with Minister for Financ...
Commission constituted for reforms, resources mobilization: Dar
ISLAMABAD: Minister for Finance and Revenue Senator Ishaq Dar constituted an independent eleven-member Reforms and Recourse Mobilisation Commission (RRMC) for resource mobilisation and for giving recommendations to Finance Minister on budget and tax-...
‘We are corrupt’ could not make progress: Ahsan Iqbal
LAHORE: Minister Ahsan Iqbal said we have lagged behind in 75 years because we are more corrupt. “We could not make progress because we are more incompetent, he said this while addressing ceremony in private university here. “We ha...
Pakistan promises to become one of fastest-growing economies: CM Murad
KARACHI: Pakistan promises to become one of fastest-growing economies and with development of infrastructure, investment in energy, education, vocational training and rapidly improving healthcare, we are poised to take off and compete alongside rest...
Govt providing underprivileged class access to education: Ahsan Iqbal
ISLAMABAD: Minister for Planning Development and Special Initiatives Ahsan Iqbal said here that the government was committed to providing underprivileged class access to education. Addressing International Summit on Higher Education and Workforce Dev...
