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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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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