WASHINGTON: On Saturday, the World Bank’s Board of Executive Directors authorised $195 million in funding to assist Pakistan in strengthening power distribution and implementing energy sector reforms to improve customer service quality. The Electricity Distribution Efficiency Improvement Project (EDEIP), according to a statement issued by the international financial institution, willRead More →
ISLAMABAD, Pakistan – The federal government announced on Wednesday that prices for petroleum products will be reduced in the second half of December. The price of petrol has been reduced by Rs 5 to Rs140.82 per litre, while the price of High Speed Diesel (HSD) has been reduced by RsRead More →
ISLAMABAD, Pakistan (APP): The Asian Development Bank (ADB) has authorised a $200 million loan to help Punjab province create an irrigation system that would help raise agricultural output and food security. The project loan, which is in Japanese yen, will be used to fund the building of the Greater ThalRead More →
ISLAMABAD, Pakistan – Dr. Arshad Mahmood, the Secretary of Petroleum, was fired by the government on Saturday. Following his dismissal from office, Secretary of Petroleum Dr. Arshad Mahmood has been asked to report to the Establishment Division. Secretary Power Division Ali Raza Bhatta has also been given the additional responsibilityRead More →
ISLAMABAD – Dr. Moeed Yusuf, Pakistan’s national security advisor, stated on Wednesday that the country’s economic bases are open to the whole globe. In an interview with BBC’s Hard Talk host Stephen Sackur, he answered to a variety of questions about the Pakistan-US Economic Corridor and other problems. He wentRead More →
ISLAMABAD – Shaukat Tarin, Advisor to the Prime Minister on Finance and Revenue, stated on Saturday that the State Bank of Pakistan has received a $3 billion deposit from Saudi Arabia (SBP). While delivering the news, Shaukat Tarin praised Saudi Crown Prince Mohammed Bin Salman and the Kingdom of SaudiRead More →
ISLAMABAD: Pakistan’s trade imbalance reached a stunning $20.59 billion in the first five months of the current fiscal year, according to figures released on Friday by the Pakistan Bureau of Statistics (PBS). According to preliminary figures, the merchandise trade deficit increased for the sixth straight month in November, reaching $4.96Read More →
LAHORE, Pakistan — On Wednesday, the Lahore High Court said it could be obliged to declare an environmental emergency and halt schools and private companies for a week. According to facts, the LHC heard petitions on the province’s smog problem. Director PDMA briefed the court that the situation has improvedRead More →
KARACHI — On Monday, Saudi Funds granted a $3 billion loan to the State Bank of Pakistan (SBP). According to the terms, the sum of the agreement would be deposited in the State Bank of Pakistan’s income. On the other hand, Minister of Finance Shauqat Tarin met with Prime MinisterRead More →
LAHORE, Pakistan — Fawad Chaudhry, Federal Minister for Information and Broadcasting, has stated that the value of sports cannot be overstated in today’s society since it instils a spirit of perseverance in the face of adversity. On Saturday, he spoke with Pakistan Cricket Board (PCB) Chairman Rameez Raja. The PCBRead More →
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