Economy

The Asian Development Bank (ADB) has approved a $300 million loan to finance the construction of a 300-megawatt hydropower plant that will increase the share of clean energy in Pakistan and improve the country’s energy security. The…
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ISLAMABAD: Pakistan's outoing finance minister Dr Hafeez Shaikh has tested positive for coronavirus, becoming the latest Pakistan official to contract the disease. This was shared by new Finance Minister Hammad Azhar on Twitter Tuesday…
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ISLAMABAD (APP): As many as 235 personnel from PowerChina International Group Limited (PowerChina) and 31 workers from other companies, returned to Pakistan for China Pakistan Economic Corridor (CPEC) projects with 230 boxes of…
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ISLAMABAD: Prime Minister Imran Khan said that Pakistan would facilitate Uzbekistan to get access to its seaports of Gwadar and Karachi in a bid to enhance regional connectivity and trade. In a meeting with Uzbekistan’s Foreign Minister…
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Qatar will provide Pakistan three million ton Liquified Natural Gas (LNG) for 10 years as the two countries entered into an agreement on Friday. Prime Minister Imran Khan witnessed the signing of agreement that took place here at the PM…
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KARACHI: Former finance minister Miftah Ismail said the power sector in Pakistan should move towards the privatisation in order to solve its long-standing issues. Mr Ismail said this during a webinar titled: “Pakistan’s Power…
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The International Monetary Fund (IMF) and the Pakistan reached a staff-level agreement on second to fifth reviews of country’s reform program under IMF Extended Fund Facility (EFF). “IMF staff and the Pakistani authorities have reached…
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ISLAMABAD: The price of petrol in Pakistan has gone up up by Rs2.70 per litre for the month of February. According to a notification by the Prime Minister Office, light diesel oil will also see a rise in price by Rs3, high speed diesel…
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The price of the cryptocurrency bitcoin soared past $40,000 for the first time on Thursday, rising $10,000 in just five days. The price of bitcoin was $40,380 at roughly 1820 GMT, having jumped 10.4 percent during the trading session.…
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ISLAMABAD: Prime Minister Imran Khan was told on Friday that oil smuggling was inflicting an annual economic loss of around Rs 150 billion to the country. Chairing a meeting to review the measures to curb smuggling on Friday, PM Khan…
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KARACHI: Former FBR head Shabbar Zaidi disclosed that he had quit his job due to "pressures from disguised mafia", among other reasons. "Glad to see politico social awareness in the masses. Just shared some thoughts on ‘Dunya Kamran Khan…
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The prospects of the China-Pakistan Economic Corridor (CPEC) are bright as both China and Pakistan are resolute in pushing forward its construction, Chinese Foreign Ministry Spokesperson Zhao Lijian said on Monday. He made the remarks at…
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Prime Minister Imran Khan on Monday described the ML-1 (Main Line One) project an excellent example of Pakistan-China friendship, saying that besides establishing the international standards’ modern communication infrastructure, it will…
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Prime Minister Imran Khan Thursday thanked the overseas Pakistanis for sending funds through Roshan Digital Account as the figure touched $200 million mark on Wednesday. “I want to thank our great asset, Overseas Pakistanis. MashaAllah…
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Pakistan has secured a $1.7 billion debt relief agreement to help offset the financial headwinds sparked by the coronavirus pandemic, officials said Monday. The deal, following months of negotiations with creditors, will provide a…
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