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ISLAMABAD: Prime Minister Nawaz Sharif has nodded to utilise unused Rs32.5 billion allocated for Public Sector Development Programme (PSDP) for...

China gives Pakistan Rs48b to complete two N-power plants in Karachi

ISLAMABAD: China has given Pakistan Rs48 billion to complete two nuclear power plants of 2,117 megawatts in Karachi during July-May...

FO proposes amendments in law to provide relief to people

ISLAMABAD: The Federal Ombudsman (FO) has suggested amending laws to provide speedy relief to people, having problems with the government....

SAARC CCI for strengthening ties between Pak, India

LAHORE: In a bid to strengthen trade and economic relations between Pakistan and India, the SAARC Chamber of Commerce and...

Deaths in Karachi: Nepra clears K-Electric of any responsibility

ISLAMABAD: An investigation team of the National Electric Power Regulatory Authority (Nepra) has cleared K-Electric of any responsibility for deaths...

Sukkur facing loadshedding due to power thefts, poor recovery of dues: Hesco

MULTAN: The Wapda has blamed electricity theft and poor recovery of dues for prevailing loadshedding in Sukkur and adjacent areas....

WB to financially support govt for completing water schemes in twin cities

ISLAMABAD: The World Bank will financially support Pakistan to carry out water supply schemes in the twin cities. Source said...

KP Customs installs computerised weighbridge at Peshawar dry port

PESHAWAR: The Khyber Pakhtunkhwa Customs has installed a computerised weighbridge at Peshawar Dry Port, Cantt Railways Station. The weighbridge was...

Jordanians deposit over $3b in Swiss banks in 2014: SNB

AMMAN: Deposits of Jordanians in Swiss banks were around JD2.13 billion (around $3 billion) last year, according to a recent...

Jordan’s Trade deficit narrow by 15.7% during First 4 Months Of 2015: Cairo Amman Bank

AMMAN: The Department of Statistics released figures showing that Jordan’s trade deficit narrowed by JD 526 million or 15.7% during...

Hungary’s 2016 Budget passed containing number of new tax reforms

BUDAPEST: Hungary's National Assembly has passed the 2016 Budget, containing a number of tax reforms.The tax measures are aimed at...

EU ready to reaffirm debt rescheduling pledge to clinch Greece deal

ATHENS: Greece’s creditors see limited scope to accommodate Athens in talks on financing for reforms to clinch a deal on...

Greece debt sustainable, with new bailout

ATHENS: Greece debt will miss debt targets set out by creditors in 2012 but an analysis prepared for euro zone...

Denmark’s largest pension funds sue DKK800m OW Bunker

COPENHAGEN: Denmark’s biggest pension funds, ATP and PFA, are planning to sue collapsed shipping fuel firm OW Bunker as part...

Anthony Veder orders 18,000-cbm LNG carrier from Germany’s Neptun Werft shipyard

ATHENS: Anthony Veder has ordered an 18,000-cbm LNG carrier from Germany’s Neptun Werft shipyard. After being delivered in late 2017,...

Greece’s creditor propose to target shipping sector

ATHENS: Greece’s shipping sector faces paying a higher tonnage tax, and a phase-out of the special tax allowances it has...

Korea Composite Stock Price Index closes at 2,090.26 points, up 2.1% from week earlier

SEOUL: The South Korean stock market is anticipated to remain sluggish next week due to prolonged uncertainties over the Greek...

Cape index grows by 810pts in its consecutive trading

ATHENS: The capesize market has advanced each consecutive trading day since June 11, with the Baltic Cape Index growing by...

FedEx says request EU approval for $4.9b TNT bid

BERLIN: FedEx has asked the European Union's competition regulator to approve its 4.4-billion-euro ($4.9 billion) bid for Dutch rival TNT...

Greece’s creditors take aim at nation’s shipowners