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KARACHI: The Board of Management (BOM) of Pakistan State Oil Company Limited (PSOCL) has reviewed the performance of the Company for first half of the financial year 2019 (1HFY19) in its meeting held, here Saturday, says a Press release. The challenging economic trend in the country fueled by rupee devaluation...
THE HAGUE: The International Court of Justice (ICJ) Monday adjourned hearing of a case pertaining to Indian spy Kulbhushan Jadhav, after the Indian side presented its arguments in the case. Jadhav, an on-duty Indian navy officer working for the Indian covert agency Research & Analysis Wing (RAW), was captured from...
At the same time, European signatories to the deal, striving to preserve the accord, were recently slammed by US Vice President Mike Pence, who stated that they were "undermining the US sanctions" A day before, Iranian Foreign Minister Mohammad Javad Zarif said the EU's current efforts are insufficient to maintain...
ISLAMABAD: Saudi power producing company ACWA Power has expressed its willingness to invest around 4 billion dollars in Pakistan's renewable energy sector. The intention to this regard was expressed during a meeting between a Saudi investors' delegation led by ACWA Power Chairman Mohammad A Abunayyan and the Pakistani side headed...
ISLAMABAD: Federal Minister for Petroleum Ghulam Sarwar Khan on Friday announced that the government will review the new slab of gas bills. Talking to media, he maintained that the present increase in gas bills is being inquired. The minister told that IMF is pressurizing to increase gas prices since January. A...
ISLAMABAD: The foreign exchange reserves, held by the central bank, increased 0.16% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. Earlier, the reserves had spiralled downwards, falling below the $7-billion mark, which raised concern over Pakistan's ability to meet its financing...
SRINAGAR - At least 42 CRPF personnel were killed as an explosives-laden vehicle rammed into the bus carrying the jawans in Jammu and Kashmir on Srinagar-Jammu highway in Awantipora area of Pulwama district. Minutes after the ghastly attack on a CRPF convoy in Awantipora town of Pulwama, Jaish-e-Mohammad, the outfit which claimed...
ISLAMABAD: Apart from making investments in the oil and mineral sector, Saudi Arabia will also make an investment of SR1.207 billion ($322 million) in five hydropower projects of Pakistan during the upcoming visit of the Saudi crown prince, it was learnt on Wednesday. According to sources, Pakistan and Saudi Arabia will...
ISLAMABAD: The unstable economy of Pakistan gets positive news as Saudi Arabia's Crown Prince Mohammed bin Salman's visit to Pakistan is likely to bring $20 billion investment in the country. According to sources, deals with Saudi Arabia have been finalized to get oil on loan. The fellow Muslim country will...
PESHAWAR: Finance Minister Asad Umar on Monday has said that Pakistan is close to signing an agreement with economic assistance package with the International Monetary Fund (IMF). Addressing a ceremony at Chamber of Commerce and Industry in Peshawar, the minister expressed satisfaction that the international lender has shown flexibility on...