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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...

Pakistan premier to meet Chinese President today

BEIJING: Prime Minister Nawaz Sharif will meet Chinese President Xi Jinping on Thursday, as he seeks to strengthen economic ties with close ally Beijing...

EU is the single largest trading partner of Pakistan: EU enovy

ISLAMABAD: Finance Minister Mohammad Ishaq Dar has said that Pakistan looks forward a key role by the European Union as the Pakistan Muslim League-Nawaz  government...

Pakistan rupee falls to record Rs 100 to a dollar in interbank market

KARACHI: The beleaguered Pakistani rupee fell to record Rs 100 to a dollar on Wednesday for the first time in the country’s history in...

IMF talks to be finalized today

ISLAMABAD: Conditions have been finalized between the government’s economic managers and the International Monetary Fund (IMF) for loan worth $5.3  billion during the second...

Pakistan to lose Rs 1 bln after Hajj quota decrease

ISLAMABAD: Pakistan is expected to suffer a loss of Rs 1 billion after the Hajj quota was decreased by 20 percent by the Saudi...

50,000 Russian tourists will not visit Croatia after new visa regime

Moscow: 50,000 Russian tourists will not visit Croatia after new visa regime. Tourism experts confirm that the European Union has finished its expansion with reception of Croatia in...

Iran-Pakistan gas pipeline to be completed by end-2014

ISLAMABAD: Secretary of Petroleum and Natural Resources Abid Saeed said on Monday that work is underway on the Iran-Pakistan (IP) gas pipeline project which...

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