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Pakistan signs Articles of Agreement of AIIB

BEIJING: Pakistan signed the Articles of Association of 57-member Asian Infrastructure Investment Bank (AIIB) in Beijing on Monday. Finance Minister Muhammad Ishaq Dar singed the document.   On this occasion, Ishaq Dar said Pakistan...

57 countries hold signing ceremony to set up China-led bank

BEIJING: The 57 founding member countries of the China-led Asian Infrastructure Investment Bank began signing articles of association setting up the new institution on Monday. Australia became the first country to sign the document...

IMF approves $504 million loan for Pakistan

WASHINGTON: International Monetary Fund (IMF) has approved release of about $506 million for Pakistan as part of three-year loan programme supported by an Extended Fund Facility (EFF), the state radio reported on Saturday.  In...

Nepra reduces wind power tariff by Rs2.05 per unit

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Friday issued a notification regarding reduction in wind power tariff by Rs2.05 per unit. According to the statement issued by NEPRA spokesperson, the tariff would...

Switzerland may tighten anti-money laundering rules

ZURICH: Switzerland may tighten its anti-money laundering laws after a report by a government-appointed group found the country was still subject to financial crime. A report from Switzerland’s interdepartmental group on combating money laundering...

No power outage during Sehr, Iftar, Taraaweeh timings: LESCO

LAHORE:Lahore Electric Supply Company (LESCO) management on Thursday has issued a new schedule of electricity load shedding during Ramazan. The administration has assured of giving electricity during 2:15 am to 3:45am in Sehri and...

CPEC to create new business opportunities: Chinese Envoy

ISLAMABAD: The China-Pakistan Economic Corridor (CPEC) project will create new business opportunities for enterprises in many economic sectors.     Talking to Chinese News Agency Xinhua, Chinese ambassador Sun Weidong said the project was...

PM hints at waiving off duties on import of new plants, machinery

KARACHI:Prime Minister Nawaz Sharif has said the Government would consider the proposal to waive off duties on import of new plants and machinery. He was addressing a function of Federation of Pakistan Chambers of...

Economic development: Good news for Pakistan and Iran

LAHORE: A special container train between Pakistan and Iran has been announced, on Monday, to be routed from June 9. Experts are of the view that the project would accelerate the economic activities between...

Oil down after OPEC meeting, eyes on Iran talks

Singapore: Oil prices fell in Asia Monday after OPEC decided to maintain its high output levels, while traders were also weighing the possible return of Iranian supplies that have been curtailed by international sanctions...

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