Business
Business
Hydroelectric power: WAPDA seeks tariff increase to collect Rs. 51b
The Water and Power Development Authority (Wapda) has sought an increase of Rs1.5 per unit in hydroelectric power tariff in…
Pakistan loses Rs24 billion a year due to illicit cigarette trade
Islamabad: Illicit cigarette trade, having grown at a phenomenal 43.5% rate over the last six years, accounts for nearly a quarter…
Electricity trade: Work on CASA power project to commence on May 12
Leaders of Pakistan, Afghanistan and Kyrgyzstan will gather in Tajikistan on May 12 to launch the long-awaited Central Asia South…
CPEC: Pakistan, China sign agreements worth an estimated $4.2b
Pakistan and China have formally signed financing agreements valued at an estimated $4.2 billion for the construction of two main…
Salaried persons to be crushed further under the tax net as FBR decides to bleed them dry
In yet another step to increase collection from those who are already crushed under a suffocating tax net, the Federal Board of…
Finance ministry opposes Mari gas supply’s diversion to Engro fertilizers
The Ministry of Finance is adamantly opposed to the allocation of gas from Mari field to Engro Fertilizers, arguing that the…
China’s AIIB to co-finance first project with ADB in Pakistan
Shanghai: China-backed Asian Infrastructure Investment Bank (AIIB) will jointly finance a major new highway in Pakistan in its first co-financed project…
China unhappy with inordinate delays in Gwadar project
China is reportedly quite upset over the slow progress made in awarding the $2-billion commercial contract that includes both laying…
Lots of trade opportunities lost claims Iranian envoy
"Terrorism, which is often an off-shoot of poverty and illiteracy, is a common concern for Pakistan and Iran, hence, both…