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Pakistan’s forex reserves fall to $11.007 billion

KARACHI: Pakistan's foreign exchange reserves dropped to $11.007 billion in the week ending June 28, from $11.344 billion the previous week, the central bank...

Pakistan‚ China to strengthen coordination on regional issues

BEIJING: Pakistan and China have vowed to promote policies to advance peace‚ cooperation‚ and harmony in the region. During the first official visit of Pakistan...

Chinese firm to resume work on Nandipur power project

BEIJING: A Chinese firm has agreed to resume work on Nandipur Power project, which has a capacity to generate 450MW of electricity. The decision was...

SC seeks details of GST charged from CNG consumers

ISLAMABAD: The Supreme Court of Pakistan (SCP) on Friday sought details of general sales tax (GST) charged from CNG consumers over the last six...

Pakistan‚ China sign eight agreements to promote economic cooperation

BEIJING: Pakistan and China on Friday signed eight agreements to enhance bilateral economic cooperation. These include establishment of an economic corridor between Pakistan and China‚...

Chinese company signs MoU for power plant in Punjab

CHINA: A Memorandum of Understanding was signed between Punjab Government and state-owned power producer China Energy Engineering Company in Beijing on Thursday. Punjab Minister for...

Pakistan welcomes Saudi Arabia’s decision to extend labour status of Pakistanis.

The extension has been granted by the King Abdullah Bin Abdul Aziz. Pakistan has welcomed the extension in the grace period of Pakistanis in Saudi...

Pakistan‚ IMF agree for 3-year programme of $5.3 billion

ISLAMABAD: Pakistan and International Monetary Fund (IMF) have agreed for a three-year programme of at least 5.3 billion dollars under an extended fund facility. This...

IMF bailout package: Pakistan agrees to increase tariffs, reduce power subsidy

ISLAMABAD: Pakistan government has agreed to reduce subsidy and increase electricity tariffs in return for $5.3 billion bailout package from the International Monetary Fund...

PM Sharif seeks Chinese help to transform oil-based power plants to coal

BEIJING: Prime Minister Muhammad Nawaz Sharif has urged Chinese investors to invest in energy and infrastructure sectors of Pakistan. He was talking to President China...

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