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  • Islamabad: Prime Minister Muhammad Nawaz Sharif chairing meeting of Cabinet Committee on Energy.

China to finance $8b railway project


PAKISTAN DECLINES PART-FINANCING FROM ADB  ISLAMABAD: Accepting an offer by China of fully financing the $8b Karachi-Peshawar Railway Line (ML-1), Pakistan has refused to accept part-financing from the Asian Development Bank (ADB) for the project. The project was originally planned to be partly funded by the ADB. Minister for Planning …

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Raw cotton worth $38.631 million exported in 9 months


ISLAMABAD: Raw cotton export from the country during first three quarters of current financial year was recorded at US$ 38.631 million as compared the exports of the corresponding period of last year. During the period from July-March, 2016-17 about 22,812 metric tons of raw cotton worth US$ 38.631 million were …

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Pakistan accumulates another $115m loan in foreign debt

ISLAMABAD: Pakistan has obtained another short-term foreign loan worth $115m from Dubai-based Noor Bank, to take the federal government’s accumulated external borrowings to $5.3b during the last nine months. Although not a large amount, the loan highlights serious challenges in attracting non-debt creating cheap inflows into the country. The $115m …

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KE’s 900MW LNG power plant to reduce impact on environment


KARACHI: The participants of a scoping meeting were assured that forthcoming 900 Megawatts LNG-based project of K-Electric at its Bin Qasim site was not just be beneficial for meeting ever increasing electricity demand of Karachi but would also be an environment friendly project owing to relatively clean nature of fuel …

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OGRA sends POL prices summary

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) has forwarded the summary to Ministry of Petroleum for decreasing the prices of petroleum products. After the approval of Prime Minister, Ministry of Finance would announce the new prices of petroleum products on 30 April, which would be implemented from 1st May. The …

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CPEC key to prosperity, development of region: Mamnoon


ISLAMABAD: President Mamnoon Hussain has said that China-Pakistan Economic Corridor (CPEC) will go a long way in the prosperity and development of the region. Addressing an international conference here yesterday, he said CPEC will become hub of the international trade, economic and industrial activities in the world. He said today’s …

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Zubair seeks Japanese investment for Sindh

KARACHI: Japanese investors should take advantage of investment opportunities available in Pakistan, said Sindh Governor Muhammad Zubair. He was talking to a delegation of the Japan’s largest business company Mitsubishi Corporation which called on him at Governor House in Karachi yesterday. Speaking on the occasion, the governor said that Pakistan …

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