Business
Business
IMF wants Pakistan to curtail development spending by an estimated Rs360bn
The International Monetary Fund (IMF) expects Pakistan to curb its overall development budget by Rs360 billion (almost 24pc) of allocations…
KPKKP agrees to pay Rs18b electricity dues from net hydel profit
The government of Khyber-Pakhtunkhwa has agreed to the deduction of approximately Rs18 billion electricity dues from the net hydel profit of…
Oil prices in free fall as Saudis hesitate on limiting output
Oil prices fell all over the world as Saudi Arabia knocked down already low expectations that major producers would agree to limit…
Energy potential: Pakistan, China to build interconnecting power grid
The Ministry of Water and Power as well as the State Grid Corporation of China have joined hands together to build an interconnecting electricity…
Planning ministry wants a staggering Rs1 trillion for PSDP
The Prime Minister Mian Nawaz Sharif has directed his financial czar: Ishaq Dar to review the decision of allocating Rs655 billion…
CPEC implementation: Western route clears yet another hurdle
In a first real step towards the implementation of the decisions of last year’s all-party conference (APC), the government cleared earlier yesterday the…
Mari Petroleum announces ‘significant’ oil discovery in Karak area
Mari Petroleum Company announced earlier yesterday that it has made a “significant” crude oil discovery at the exploratory well Halini Deep-1…
Sindh’s dues: PM Nawaz refuses calls for recovering power bills from tax pool
Prime Minister Nawaz Sharif has out-rightly refused the proposal for deducting at source the electricity bills of Sindh from the divisible…
Travellers forced to pay $9.50 at Dubai airport… in the name of improvements
Travelers flying out of Dubai's airports will now be forced to pay a brand new fee to cover improvements at…