Cabinet greenlights Kuwait’s $10bn investment in Pakistan
Islamabad: Interim Prime Minister Anwaarul Haq Kakar’s interim cabinet approved Kuwait’s groundbreaking $ 10 billion investment in Pakistan. Cabinet provided its endorsement to seven agreements with Kuwait, with focus on critical sectors...
PSDP 2023-24: Govt releases Rs300.91bn funds in 4QFY24
ISLAMABAD: Government authorised utilisation of development funds amounting to Rs 300.904 billion, out of total allocation of Rs 950 billion, for various ongoing and new social sector uplift projects of ministries and divisions during first four mont...
Afghan border trade resumes after Pakistan suspends new visa rule
PESHAWAR: Cross-border trade between Pakistan and Afghanistan was back to normal, officials in both countries said after Islamabad suspended new visa rule. Commercial traffic ground to halt Tuesday when Pakistan began requiring crew of commercial veh...
Dutch envoy, interim Minister discuss ways, means to further eco ties
ISLAMABAD: Ambassador of Netherlands to Pakistan Henny Fokel de Vries called on interim Minister of Commerce and Industries Dr. Gohar Ejaz and discussed ways and means to explore avenues for further collaboration. Envoy expressed satisfaction with st...
Ministry of Energy rebuffs 'uncertainty' around Aramco refinery project
Islamabad: Ministry of Energy has denied media reports suggesting that Pakistan's multi-billion dollar refinery project with Saudi Aramco is facing uncertainty, terming reports as 'baseless and contrary to facts'. "Some news items reporting refinery...
Inter-bank: Rupee sustains stability in value against dollar
Karachi: Rupee maintained its upward trajectory against dollar for third consecutive session, as it appreciated 0.19 percent in inter-bank market. As per State Bank of Pakistan, domestic unit settled at 285.97, an increase of 0.53 paisa. During day,...
PSX closes flat in dreary trading session
Karachi: 100-index of Pakistan Stock Exchange (PSX) closed flat by gaining 14.80 points, slight positive change of 0.03 percent, closing at 57,077.96 points against 57,063.16 points previous trading day. Total of 718,285,234 shares valuing Rs 16.686...
Pakistan pursues LNG cargo for January
Pakistan LNG Limited (PLL), a government subsidiary that procures liquefied natural gas (LNG) from the international market, has issued a tender seeking LNG cargo for winter. PLL, in the tender advertised has sought delivery of a LNG cargo for Januar...
ADB approves $250m for power transmission network
Karachi: Asian Development Bank (ADB) has approved $ 250 million in loans to improve and expand power transmission network in Punjab and Khyber Pakhtunkhwa provinces, read a statement released. ADB said that its Power Transmission Strengthening Proje...
Inter-bank: Rupee retains value against greenback
Karachi: Rupee registered back-to-back gains against dollar as it appreciated 0.31 percent in inter-bank market. As per State Bank of Pakistan, domestic unit settled at 286.50, an increase of 0.88 paisa. During day, currency dealers said that rupee w...
