Economy

ISLAMABAD: Asian Development Bank (ADB) has planned to invest $ 2 billion in the energy sector during the coming three years. ADB remains top energy sector partner with $2.1 Billion portfolio with $ 300 million released this week for…
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ISLAMABAD: Pakistan's four provinces returned Rs202 billion to the centre on Sunday, indicating that they underspent on development projects for the quarter. The amount was returned in the first quarter of the fiscal year 2020. While the…
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Karachi/Lahore, 5 December. A report released by the Human Rights Commission of Pakistan (HRCP) criticises the ‘state’s absence, at best its ineffectiveness’ in protecting the marginalised hari community in Sindh, adding that their access…
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ISLAMABAD: Adviser to the Prime Minister on Finance & Revenue Dr Abdul Hafeez Shaikh on Wednesday met a group of leading businessmen representing various export sectors contributing nearly US $ 2 billion exports, to discuss and review…
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ISLAMABAD: The State Bank of Pakistan (SBP) on Thursday assured people that it had not discontinued the Rs5000 note and that it was certainly in circulation. The state bank requested people not to pay attention to any unverified reports…
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REUTERS: State-owned oil giant Saudi Aramco’s initial public offering (IPO) will be the biggest in history, but will still fall significantly short of the towering $2 trillion valuation long sought by Crown Prince Mohammed bin Salman.…
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ISLAMABAD: The Ministry of Water Resources on Thursday signed the annual activity plan for cooperation in the field of Water Resources Management with Government of Australia. This annual activity plan is an instrument to implement the…
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ISLAMABAD: China Mobile (CMPak) has deposited Rs 37.16 Billion ((US$ 238.6 Million) against its license renewal fee with Pakistan Telecommunication Authority (PTA). According to a statement issued by the cellular phone regulator, the…
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ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh on Wednesday said that 15 months of effort and hard work by the government had paid off and one could see the beginning of an economic turnaround and the…
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ISLAMABAD: French Ambassador to Pakistan Dr. Marc Baréty and Premier Conseiller Yves Manville called on Federal Minister for Maritime Affairs Ali Zaidi in his office on Tuesday. The delegation expressed confidence in the future of…
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ISLAMABAD: The Government of Pakistan has received payment amounting to US$ 224.6 million and Rs 35.262 billion (equivalent of US$ 224.6 million) from two cellular companies respectively as their licence renewal fee, says a press statement…
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ISLAMABAD: A Chinese delegation comprising of 12 members headed by Ambassador of China to Pakistan Yao Jing met with Federal Minister for Interior, Brig (R) Ijaz Ahmad Shah and discussed security matters pertaining to CPEC. "To further…
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Speaking to a private news channel, Federal Minister for Economic Affairs, Hammad Azhar said that the government was aiming to raise the tax to GDP ration from three percent to four percent. "Efforts are being made to reduce the current…
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ISLAMABAD: Italy announced Thursday that it would provide 20.5 million euros for the economic uplift of Pakistan's Gilgit Baltistan region. Federal Minister for Economic Affairs Muhammad Hammad Azhar witnessed the signing ceremony of the…
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ISLAMABAD: Pakistan and the Asian Development Bank (ADB) signed a $500 million loan agreement for the Trade and Competitiveness Program, on Wednesday. A signing ceremony took place in the federal capital which was attended by Minister for…
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