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G20 finance leaders urges US to avoid devastating default

WASHINGTON: The Group of Twenty (G20) have urged the United States to head off a potentially devastating default and vowed to proceed carefully when...

NEPRA approves power tariff hike

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has approved raise in power tariff up to Rs 16 per unit after accepting government’s summary...

OPEC Fund to give $50 million loan for Neelum Jhelum project

WASHINGTON: Pakistan and the OPEC Fund for International Development (OFID) have entered into a loan agreement, under which the OFID would provide $50 million...

Federal govt plans to privatize 31 state entities in 18 months. PIA, OGDCL and PSC top on the list

ISLAMABAD: The federal government is planning to privatize 31 state owned entities within one and a half year time, aiming at transforming them into...

China urges US to take decisive steps to avoid bankruptcy, ensure safety of Chinese investments

BEIJING: China has urged the United States to take decisive steps to avoid bankruptcy and ensure safety of Chinese investments as the US government...

Govt increases GST rate to 19 percent on electronic appliances

ISLAMABAD: The federal government has increased General Sales Tax (GST) rate to 19 percent on more than 40 electronic appliances, reports said. The Federal Board of...

Govt withdraws power tariff notification on SC’s order: AG

ISLAMABAD: The federal government on Friday withdrew its notification on power tariff hike following the order of the Supreme Court of Pakistan, the Attorney...

Govt to privatize 31 state-run units including PIA, Pakistan Steel Mills

ISLAMABAD: Pakistan International Airlines (PIA) and Pakistan Steel Mills are among 31 public sector enterprises (PSEs), whose 26 percent shares will be privatized, the...

Notification of increase in power tariffs withdrawn; Govt denies

ISLAMABAD: The federal government on Wednesday denied media reports that it had withdrawn its notification regarding the increase in power tariffs. Earlier, various TV channels...

Obama blames Republicans for Shutdown

WASHINGTON: US President Barack Obama accused the Republicans for triggering the first government shutdown in 17 years, and warned that it could have disastrous...

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