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Saturday, July 4, 2020

Islamabad to borrow from banks to boost reserves

The government reached yesterday an agreement with a consortium of seven domestic and international banks to borrow $625m to boost foreign exchange reserves and...

CNG price conundrum: OGRA proposes Rs13 per kg hike; SC to consider on Monday

The reprieve provided to customers by the slash in CNG prices might be coming to an end. The Oil and Gas Regulatory Authority (Ogra) on...

Traders announce to march towards Islamabad in protest against withholding tax

LAHORE (Dunya News) – All Pakisan Traders Union on Tuesday warned of marching towards Islamabad if the government did not withdraw withholding tax. Addressing a...

ADB to give $400m for infrastructure

KARACHI: The Asian Development Bank (ADB) will give $400 million for a programme to improve the infrastructure and municipal utility services for about five...

Annual Plan 2011-12 : No concrete solutions to unemployment, poverty and energy crisis

Pakistan’s economic outlook for the next financial year remains fragile and success of upcoming budget hinges on national consensus on levying taxes, netting wealth...

Nestlé stresses long-term commitment to Pakistan

LAHORE: Reiterating its commitment to Pakistan and the consumers, Nestlé has said the company is here for the long term and will do business in...

Car sales speed up 17 per cent

Car sales sped up 17 per cent in March against the preceding month, led by Pak Suzuki Motor Company, the largest automobile manufacturer in...

Gas pipeline: Iran wants assurance that Pakistan is all in

Iran once again is pushing the financing issue regarding the Iran-Pakistan (IP)gas pipeline as it assures extending a $500 million loan to Pakistan on...

British Petroleum Pakistan sale – Ministry wants money to pass through Pakistan

ISLAMABAD: Despite the fact that the sale of British Petroleum’s Pakistan assets involves a transaction between two companies based in London and Hong Kong...

Saudi Arabia to give another $100m for Neelum Jhelum Hydropower Project

Pakistan and Saudi Arabia on Thursday signed an Additional Loan Agreement of $100 million for Neelum Jhelum Hydropower Project (NJHP) as the project aims...

Prices of summer electronics increased in local markets

ISLAMABAD: Prices of summer required electronics including air coolers, refrigerators, fans and water dispensers increased in the local markets of the capital city. With rise...

Supreme Court orders 3G licences auction in 30 days

ISLAMABAD: The Supreme Court of Pakistan has set a thirty-day deadline for the auction of 3G Telecommunication licenses. A three-member bench headed by Chief Justice...

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