IMF board to meet today to decide on $3b loan agreement
The International Monetary Fund’s (IMF) executive board is set to meet on Wednesday to decide on endorsing the staff-level agreement…
Majority owners of offshore holding seek direct stake in K-Electric
KARACHI: The majority shareholders of an offshore holding company that owns most of Pakistani power company K-Electric said on Wednesday…
Pakistan gets $3b IMF breather
ISLAMABAD: The International Monetary Fund (IMF) on Wednesday approved $3 billion bailout package to save Pakistan from default and put…
Projects worth Rs1.1tr approved
ISLAMABAD: On Tuesday, the government approved nearly Rs1.1 trillion for six projects, which include schemes for the installation of solar…
IMC strikes historic deal with Toyota Egypt
KARACHI: Indus Motor Company (IMC), a prominent player in Pakistan’s automotive industry, has achieved a significant milestone by signing an…
Iqbal invites investment in solar power
BEIJING: Minister of Planning, Development and Special Initiatives Ahsan Iqbal has urged Chinese companies to invest in solar power generation…
HEC’s land to be handed to SPD
ISLAMABAD: The government has handed over Heavy Electrical Complex’s (HEC) land to the Strategic Plans Division (SPD). Sources told The…
At 12th JCC, Pakistan and China strengthen ties
BEIJING: The 12th (Special) Joint Cooperation Committee (JCC) meeting of the China-Pakistan Economic Corridor (CPEC) was successfully held in Beijing…
Foxconn targets India’s chip scheme
TAIPEI/ MUMBAI: Foxconn said it intends to apply for incentives under India’s semiconductor production plan, a day after the Taiwanese…
Oil prices up by 2% to 10-week high
NEW YORK: Oil prices jumped about 2% to a 10-week high on Tuesday, boosted by a falling US dollar, hopes…