ECC okays $3b loan guarantee for N-plant
ISLAMABAD: Pakistan on Tuesday approved issuing $3 billion worth sovereign guarantees against a Chinese loan for a nuclear power…
Rupee slips to Rs287.91/$
The Pakistani currency experienced a gradual depreciation for the second consecutive working day, slipping by 0.17% or Rs0.48 to reach…
Saudi fund may buy stake in Reko Diq
TORONTO: Barrick Gold Corp is open to bringing in Saudi Arabia’s wealth fund as one of its partners in Pakistan’s…
Growth centre set up for steady development
ISLAMABAD: Minister of Planning, Development and Special Initiatives Ahsan Iqbal on Tuesday launched the National Growth Centre (NGC) – a…
Govt to generate Rs721b by raising power tariff
ISLAMABAD: The federal government has formulated a strategy to collect an additional Rs721 billion from electricity consumers during the current…
Four Kia outlets shut based on ‘performance metrics’
KARACHI: In a bold move that has sent shockwaves through the automotive industry, Lucky Motor Corporation (LMC), the assembler of…
Pakistani exhibits reach China-South Asia Expo
KUNMING: The 7th China-South Asia Exposition will be held in Kunming, China from August 16 to 20, with the theme…
TCP to buy 1m bales of cotton as prices fall
ISLAMABAD: The Trading Corporation of Pakistan (TCP) has decided to purchase one million bales of cotton following the fall in…
Moody’s downgrades US banks
SINGAPORE: Moody’s cut credit ratings of several small to mid-sized US banks on Monday and said it may downgrade some…
ECC okays tariff hike for KE
ISLAMABAD: The government on Monday approved an increase in electricity prices for the consumers of Karachi and also amended the…