Sindh Chief Minister Syed Murad Ali Shah, in a meeting with a delegation of Chinese investors led by Chairman Belt and Road (B&R) Group Mr. Wan Xiaowu here Tuesday, agreed to facilitate private Chinese investment in the city. The CM was assisted by Minister P&D and Energy Nasir Shah, Minister Local Govt Saeed Ghani, Chairman […]
Repair work on flood-hit Kacchi Canal to done by Nov 15
The repairing work on the first phase of Kachhi Canal would be completed by November 15 which was badly affected by flood water during 2022 flood. This was told by the officials of the Irrigation department told in a meeting chaired by Balochistan Chief Minister Mir Sarfraz Bugti here Tuesday to review meeting regarding the […]
ADB delegation, Ahsan discuss transport infrastructure
The Director of the Asian Development Bank (ADB) Transport Sector Group, Chen Chen, on Tuesday met Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal to discuss Pakistan’s transport infrastructure development. The ADB delegation comprised senior officers and specialists from the Transport Sector Group, while the Ministry of Planning was represented by Member for […]
Senate body rejects PMDC privatization
The Senate Standing Committee on Petroleum on Tuesday rejected the proposed privatization of the Pakistan Mineral Development Corporation (PMDC), voicing concerns over potential job losses. Chaired by Senator Umer Farooq, the committee warned of the risk to 5,000 jobs if privatization proceeds. Senator Manzoor Ahmed questioned the need for privatization, asserting that PMDC has been […]
Gold prices dip by Rs 500 to Rs 275,500 per tola
The per tola price of 24 karat gold decreased by Rs.500 and was sold at Rs.275,500 on Monday compared to its sale at Rs. 276,000 on last trading day. The price of 10 grams of 24 karat gold also decreased by Rs 428 to Rs. 236,197 from Rs. 236,625 whereas the price of 10 gram […]
Meezan Bank partners with Hamdard Labs
Meezan Bank, Pakistan’s leading Islamic bank, and Hamdard Laboratories (Waqf) Pakistan, a pioneer in Eastern medicine, have marked a significant enhancement in their financial collaboration with the successful integration of advanced transaction banking services. The agreement in this regard was signed by Sadia Rashid, Chairperson & Chief Mutawallia of Hamdard Laboratories, and Syed Amir Ali, […]
Tarbela Dam 5th extension to finish in 2 years
Tarbela 5th Extension Hydropower Project having 1510 megawatts (MW) capacity will be completed in 2025-26. The project was being completed with the financial assistance of World Bank (WB) and Asian Infrastructure Investment Bank (AIIB), official sources told APP here Monday. They said that WB and AIIB were providing financial assistance to the tune of $ […]
Rupee sheds 8 paisa against dollar
Pakistani rupee on Monday depreciated by 08 paisa against the US dollar in the interbank trading and closed at Rs 277.71 against the previous day’s closing of Rs 277.63. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 278 and […]
APTMA demands regionally competitive energy tariff
Newly elected Chairman All Pakistan Textile Mills Association (APTMA) Kamran Arshad has urged policymakers to reduce electricity tariff and restore Regionally Competitive Energy Tariff (RCET) besides reversing the government policy of curtailing gas supply to captive consumers from January 1, 2025, and include local yarn supply in the Export Facilitation Scheme (EFS) scheme. These measures […]
Pakistan exports boom in US, UAE, UK
The United States (US) remained the top export destination of Pakistani products during the first two months of the current financial year 2024-25, followed by the United Arab Emirates (UAE) and United Kingdom (UK). Total exports to the US during July-August 2024-25 were recorded at US $949.855 million against the exports of US $934.666 million […]