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Russia‚ China sign oil supply deal worth $85 billion

BEIJING: Russian Prime Minister Dmitry Medvedev said on Tuesday that his country has signed an $85 billion deal to supply oil to China.Medvedev, who...

Pakistan eyes access to US markets, seeks help to end energy crisis

WASHINGTON: Prime Minister Nawaz Sharif called upon the US to help Islamabad gain access to its markets and grapple with energy crisis.Addressing a gathering...

Continental Biscuits brings Oreo, the World’s Favourite Biscuit, to Pakistan

PKR 1.1 billion invested in state-of-the-art production line at manufacturing plant in Sukkur • Fully automated plant is now the most advanced and biggest production...

EU asks Russia not to stop nations from seeking closer ties with bloc

LUXEMBOURG: The European Union on Monday asked Russia not to stop East European nations from seeking closer relations with the bloc by using trade...

Emirates Airline is tax evader, says Indian tax authorities

New Delhi:   Emirates Airline is found evading around $30m in service taxes in India over the last five years, claim tax authorities of India.Information...

Pakistan receives $322 million from US under CSF

ISLAMABAD: Pakistan has received an amount of $322 million from the United States under the Coalition Support Fund (CSF).In a statement, a spokesman of...

Obama postpones meeting with congressional leaders on debt limit

WASHINGTON: A scheduled meeting between US President Barack Obama and congressional leaders on raising debt limit before it expires this week has been postponed...

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...

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