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Pakistan-China Gwadar Port agreement to be ratified on Feb 18

KARACHI: The operations of deep sea Gwadar harbor will be handed over to China Overseas Port Holding Authority (COPH) under an agreement set to...

World’s tallest building to be built in Karachi

ABU DHABI: The world’s tallest building will be built in Pakistan’s financial hub, Karachi, as an agreement has been signed between a property tycoon,...

PSO receives Rs10.5 bln from Finance Ministry

ISLAMABAD:  Pakistan State Oil (PSO) has received Rs10.5 billion from Ministry of Finance, after it the company has increased furnace oil supply from 8,000...

Pakistan’s forex reserves fall to $13.396 billion

KARACHI: Pakistan’s foreign exchange reserves fell to $13.396 billion in a week from $13.474 billion the previous week, the central bank said on Thursday. Reserves...

Hollande arrives in Delhi with hopes for major economical deals

NEW DELHI: India and France are finalizing sale of 126 Rafale jets to the Indian Air Force in a deal estimated at over 10...

Iran’s oil export revenue fell $40 billion last year: IAE

PARIS: The International Energy Agency (IEA) said on Wednesday that Iranian oil export revenue fell $40 billion last year due to the sanctions imposed...

President Zardari seeks early completion of all Pak-Iran bilateral projects

LAHORE: Pakistan attaches great importance to early completion of Pak-Iran Gas Pipeline project in view of the energy crisis in the country, President Asif...

PSO on the verge of default; stops fuel supply to PIA

KARACHI: Pakistan State Oil (PSO), the largest oil marketing company in the country, is on the verge of default as the company requires immediate...

Indian CBI will hold inquiry in 750$ AgustaWestland VVIP chopper deal

New Delhi: Indian Defence Ministry has directed Central Bureau of Investigation (CBI) for an early inquiry into the AgustaWestland VVIP chopper deal. The Indian Defence Ministry...

Russian companies invited to take part in extraction projects in Iran

Russian Energy Minister Alexander Novak said on Tuesday that Iran has extended an invitation to Russian companies to take part in the development of...

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