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Power production increased by 1.6 percent in 2015: SBP

ISLAMABAD: Annual report issued by the State Bank of Pakistan (SBP) has exposed the truth behind government’s vows to curb energy crisis and efforts to boost production. The report states that electricity production increased...

ADB to provide $1.2b assistance for institutional reforms

ISLAMABAD: The Asian Development Bank will provide Pakistan 1.2 billion dollar assistance to Pakistan every year for up-gradation of infrastructure and institutional reforms. According to sources at Economic Affairs Division, the assistance will continue...

15 sites for industrial zones alongside CPEC identified

ISLAMABAD: Board of Investment has identified 15 sites for the establishment of Special Industrial Zones alongside China-Pakistan Economic Corridor. According to sources, in consultation with all the provinces, Board of Investment have identified at...

World Bank approves Pakistan loan for energy, water, climate

WASHINGTON: The World Bank approved an additional financing of $35 million to support improved management, planning and development of water resources in the Indus River Basin in Pakistan with better environmental and social considerations....

Petrol price likely to go down by Rs1.52 per liter

ISLAMABAD: Prices of petroleum products are likely to reduce by Rs4.80 per liter from January 1 due to continuous decline in oil prices in the international market. According to Oil and Gas Regularity Authority...

10,000MW electricity to be added in national grid till 2018: Dar

LAHORE: Finance Minister Ishaq Dar has said the government will add 10,000MW of electricity in the national grid till 2018. Addressing a ceremony in connection with Orange Line Metro Train project in on Monday,...

Govt has no plans for privatisation of PIA: Dar

ISLAMABAD: Finance Minister Ishaq Dar says the Government has no plan for privatisation of Pakistan International Airlines but wants to get a strategic partner for the airline. In a statement issued today , he...

ECNEC approves several major projects

ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) meeting presided over by Finance Minister Ishaq Dar in Islamabad on Saturday approved the PC-I of Neelum Jhelum Hydroelectric project. Approval of Karakorum Highway...

IMF approves 10th tranche of $498.1m for Pakistan

ISLAMABAD: International Monetary Fund has approved the 10th tranche of US$498.1 million for Pakistan under the Extended Fund Facility. The approval was given by the IMF Executive Board in Washington after it completed the...

ECC approves cash support of Rs 4.4 bln for PIA

ISLAMABAD: The Economic Coordination Committee of the Cabinet has approved cash support of 4.4 billion rupees for PIA. The Committee meeting was presided over by Finance Minister Ishaq Dar in Islamabad on Friday. The...

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