ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has sent a summary to the Ministry of Petroleum recommending an increase of Rs9 per litre in petrol prices from November 1. According to sources, the body has suggested an increase of Rs13 per litre in diesel prices and Rs6.47 in kerosene oil. An...
ISLAMABAD: Russia has shown willingness to invest $2 billion in the country’s water and power sector projects, including for the Mohmand dam. According to a report in an English daily, a state-run entity Inter RAO Engineering is interested in inking a government-to-government (G2G) agreement between Russia and Pakistan. The same entity is involved...
LAHORE: German Ambassador to Pakistan Martin Kobler on Friday said his country’s giant companies were interested to invest in diverse fields especially Information Technology and auto manufacturing. “German giants like Volkswagen and Siemens have shown their desire to invest in Pakistan,” he said during a meeting with Special Assistant to Prime...
ISLAMABAD: New Pakistani Prime Minister Imran Khan will visit China next week and meet President Xi Jinping, Pakistan’s foreign ministry said on Thursday, on a trip seen as vital to Islamabad’s efforts to obtain fresh loans to prop up the economy. Khan, accompanied by Foreign Minister Shah Mahmood Qureshi, will lead...
KARACHI: The Government of Sindh has decided to stop online cab services from operations across the province, said Provincial Minister for Transport Awais Shah. In a meeting with transport department officials, Shah said such online cab services had not taken permission from the Sindh government. "We are going to write a...
LAHORE: Federal Investigation Agency (FIA) cyber-crime wing director on Tuesday warned that security of all Pakistani banks has been compromised after data from “almost all” the banks were stolen in a recent security breach. Speaking to a local media outlet, FIA Cybercrimes Director Capt (r) Mohammad Shoaib, citing a report, said...
ISLAMABAD: Government accords high priority to the Value Added Textile Export Sector having major share in both textile and national exports. Exporters are reciprocating to the nation while exporting products and earning foreign exchange which is the great service to the nation. To encourage value addition and exports, regulatory duty...
ISLAMABAD,(NNI): The Securities and Exchange Commission of Pakistan has warned the public against investing in a fake entity, “Fine Sarmayakari Company”, which has been trying to trap innocent people through social media to invest in fake schemes. It has come to the SECP’s knowledge that in the name of Fine Sarmayakari...
LAHORE: Pakistan is contemplating to establish a $200 million second grain terminal since the solitary dedicated facility in existence grapples to meet a demand for shipping fertilizer, cereals and oilseeds. According to a Bloomberg report, the state-operated Pakistan National Shipping Corporation (PNSC) will set up the terminal in Karachi. PNSC executive director Rashid Siddiqui...
KARACHI: The State Bank of Pakistan on Friday mopped up from the money market Rs658.3 billion (Rs 55.2 billion for three days and Rs603.1 billion for seven days) as reverse repo sale through its open market operation. According to an SBP statement, four quotes were offered for three-day mop up while...
ISLAMABAD: The sensitive price indicator (SPI) for the week ended November 15 increased to 0.42 per cent over the previous week, and rose 5.71 per cent as compared to weekly inflation in the corresponding period last year, official data showed on Friday. Pakistan Bureau of Statistics (PBS) data showed that...