WB to give Dasu project $1bn
ISLAMABAD: World Bank will provide $ one billion loan for 2,160 megawatts Dasu hydropower project-crucial initiative aimed at integrating cheaper electricity into Pakistan's energy mix and showcasing nation's resilience against adversaries. This mark...
UN survey projects Pakistan’s economic growth accelerating in 2024, 2025
Karachi: Major United Nations’ economic survey released projected an acceleration in country’s economic growth for current year and next with real GDP growth of two percent and 2.3 percent, respectively. It also projected an ease in infla...
KSE-100 closes higher on late-session buying
Karachi: Pakistan Stock Exchange’s benchmark KSE-100 closed range-bound session on positive note as late-session buying helped index settle with gain of 90 points. During first half of session, selling pressure continued as KSE-100 hit an intra...
PM Shehbaz calls for mechanism to double country’s exports in five years
ISLAMABAD: Prime Minister Shehbaz Sharif directed for formulation of strategy aimed at two-fold increase in country’s exports within next five years. Chairing high-level meeting on export sector, he asked Ministry of Trade for compiling of such...
Rupee remains stable in value versus dollar
Karachi: Rupee remained largely stable against dollar in inter-bank market. At close, domestic unit settled at 277.94, up by 0.01 paisa against greenback, as per State Bank of Pakistan. In interbank market rates for dollar for bid were Rs 277.94 and...
President Zardari for early completion of TAPI pipeline
ISLAMABAD: President Asif Ali Zardari called for early completion of TAPI Gas Pipeline to help meet Pakistan’s energy needs. Ambassador of Turkmenistan to Pakistan Atadjan Movlamov called on President Zardari where two discussed matters of mutu...
PM Shehbaz assures foolproof security for Chinese working in Pakistan
ISLAMABAD: Prime Minister Shehbaz Sharif assured foolproof security measures for Chinese nationals working on Dasu Hydropower Project as well as other projects in Pakistan, vowing to bring exemplary punishment to bear on those responsible for March 2...
Aurangzeb holds key meeting with SBP governor
Karachi: Minister for Finance and Revenue Muhammad Aurangzeb convened meeting with Governor of State Bank of Pakistan Jameel Ahmad to discuss and strategise on enhancing financing and lending to priority sectors to stimulate economic growth and devel...
President for promoting barter trade, economic ties with Iran
ISLAMABAD: President Asif Ali Zardari underlined need for promoting barter trade and economic relations with Iran for mutual benefit of two brotherly countries. Talking to Iran’s Ambassador to Pakistan Dr Reza Amiri Moghadam, he said that both...
No political, bureaucratic interference to be allowed in anti-smuggling drive: PM Shehbaz
Islamabad: Prime Minister Shehbaz Sharif said government will not allow any political or bureaucratic interference in its drive to curb smuggling, corruption, power theft and tax evasion in country. “No political and bureaucratic influence will...
