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Govt to put a cap on oil base electricity, 21,000MW power generation form coal, gas under consideration
ISLAMABAD: In a new policy, the government has decided to put a cap on oil consumption in electricity production and...
$14b import, $10b exports: Pak, China gear up 2nd phase of FTA: Dastgir
ISLAMABAD: Pakistan and China have agreed to enter into second round of Free Trade Agreement (FTA) with the latter willing...
SBP clarifies liquidity injection phenomenon
KARACHI: Liquidity management operations of State Bank of Pakistan (SBP) aim to achieve monetary policy objectives of price stability so...
Govt demands Rs67b to fund climate change-related 600 projects in 10 yrs
ISLAMABAD: The government is demanding Rs67 billion in donations from international aid agencies to fund about 600 projects over the...
Rs75b required for IDPs rehab, Rs35b for CTF: Dar says not to seek int’l aid for Zarb-e-Azb; deficit to cross 4.9% of GDP
ISLAMABAD: Finance Minister Ishaq Dar said that the government will not seek financial assistance from international financial institutions and other...
Rs67b for 600 projects in 10 years: National Flood Protection Plan envisaged to cope with floods
ISLAMABAD: As Pakistan has started braving dual impact of climate change with growing frequency of floods, the government has decided...
Rs75b burden, Rs2.4/unit hike: ICCI takes strong exception to ECC decision
ISLAMABAD: The business community took strong exception to the Economic Coordination Committee of the Cabinet decision on imposition of extra...
Remittances up 15.2pc to $8.981b against $7.792b in first half FY14-15
KARACHI: The inflow of remittance swelled to $8.981 billion in the first half of the current fiscal year, showing a...
48 plots of 1,000 yards, 106 plots of 500 yards allotted: CDA holds balloting for plots in Park Enclave
ISLAMABAD: The Capital Development Authority (CDA) conducted balloting for the allotment of 48 residential plots of 1,000 yards and 106...
Ecnec approves uplift projects worth Rs101.55b, okays Rs7.343b, 73.67-km Torkham-Jalalabad Road
ISLAMABAD: The Executive Committee of Economic Council (Ecnec) thumbed up to different development project including the revised cost of New...
25% int’l price reduction: 15% cut in import duty demanded on billets to manufacture grade 60 steel bars
KARACHI: The local production of steel billets is not enough to cater to the needs for steel bars of grade...
FBR revenue of Rs 1162.4b shows 13% growth: Dar expects to achieve 5.1pc GDP growth target for 2014-15
ISLAMABAD : Finance Minister Ishaq Dar hoped that Pakistan would achieve its GDP growth target of 5.1 percent for the...
11pc growth in 1h of FY14-15: Car sales boom to 58,727 units from 52,879 units
KARACHI: Sales of vehicles up to 58,727 units from 52,879 units in the first half of this fiscal year, witnessing...
Ebad pledges action against land mafia involved in occupying school in Karachi
KARACHI: Sindh Governor Ishratul Ebad pledged an action against land mafia involved in occupying a school in Shah Faisal area...
BISP to pay Rs 200 per deserving student in Rawalpindi Division
RAWALPINDI: An Implementation Agreement has been signed between Benazir Income Support Program and Rawalpindi Education Department to promote enrollment of...
Minister Flanagan seeks ambassadors’ support to revive Irish economy
DUBLIN: Minister for Foreign Affairs and Trade Charlie Flanagan will make a call to Ireland’s ambassadors to step up efforts...
IHC seeks record of stashing of $200b in Swiss banks by Pakistanis
ISLAMABAD: Islamabad High Court (IHC) has sought record in respect of 200 billion dollars stashed by Pakistanis in Swiss banks....
India’s Enforcement Directorate summons PIA for buying 5 offices on Barakhamba Road without RBI clearance
NEW DELHI: The Enforcement Directorate (ED) has issued summons to Pakistan International Airlines (PIA) because the national carrier of the...
Rs 2.4 per unit surcharges: Electricity consumers to pay transmission losses of Rs 75 billion
ISLAMABAD: The government has approved three surcharges worth Rs 2.4 per unit. The additional cost incurred on account of transmission...
$900m disbursed in 2014: ADB seeks 4 months for financing Diamir Bhasha
ISLAMABAD: The Asian Development Bank (ADB) agreed to fund energy, communication and infrastructure development projects but sought four months time...
