Pakistan signs AIIB agreement
Pakistan on Monday signed the articles of agreement (AoA) of the Asian Infrastructure Investment Bank…
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IMF approves $506mn for Pak under bailout programme
Islamabad: The IMF has approved over USD 506 million loan tranche to cash-strapped Pakistan as…
Syria’s economy cut in half by conflict
Syria’s economic output has shrunk by as much as 60% since the conflict began in…
Broadband penetration jumps to 8.34 per cent in Pakistan
ISLAMABAD: Broadband penetration in the country has reached 8.34 per cent as of March 2015…
US firm to set up 6,000MW gas-based power plants
ISLAMABAD: Federal Minister for Water and Power Khawaja Asif has welcomed the US Company, American…
Govt jacks up petrol price by Rs3.50/ litre
ISLAMABAD: Petrol price has been hiked by Rs3.50 per litre as a result of an…
State Bank cuts interest rate by 1 percent
KARACHI: The State Bank of Pakistan on Saturday dropped interest rate by 1 percent, bringing…
Investment in oil and gas sector on rise: Abbasi
ISLAMABAD: Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi Saturday said investment in…
SBP cuts discount rate to 7%
ISLAMABAD: The State Bank of Pakistan laid the foundation for implementing growth-oriented economic policies and…
Budget to be presented on June 5: finance minister
ISLAMABAD: The federal government will announce the annual budget for the year 2015-16 on June…