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Investment worth Rs111bn in power transmission system on the cards: Hammad Azhar
Federal Minister for Energy Hammad Azhar on Friday announced that a "massive investment" worth Rs111 billion in the power transmission system will be made during the next three years.
"A massive investment of Rs111 will be made during…
Pakistan Stock Exchange revises trading session timings
The Pakistan Stock Exchange (PSX) announced on Friday revised timings of the market, which it said would take effect from the date of 'Go Live' of the new trading system, planned for October 25, 2021.
According to the PSX notice sent to…
Pakistan to re-negotiate bilateral investment treaties: BOI secretary
Board of Investment (BOI) Secretary Fareena Mazhar has said that Pakistan is going to re-negotiate all its Bilateral Investment Treaties (BITs) on the new template, adding that there is a positive initial response from partners.
Speaking…
‘Pakistan has private investment opportunity of over $96b in infrastructure related…
ISLAMABAD (PEN):Minister for Economic Affairs Omar Ayub Khan said Pakistan has private investment opportunity of ninety six point two billion dollars in infrastructure related Sustainable Development Goals (SDGs) including power, digital…
ADB to provide US$600 million for ‘Ehsaas Program’
ISLAMABAD (PEN) - The Asian Development Bank (ADB) to provide US$600 million for ‘Ehsaas Program’ under Integrated Social Protection Development Program.
Country Director, Asian Development Bank, Mr.Yong Ye, call on Federal Minister for…
Asian markets swing but Evergrande payment report provides boost
HONG KONG (AFP) - Markets in Asia fluctuated Friday following a record-breaking lead from Wall Street, while a report that troubled developer China Evergrande had paid interest on an overdue bond a day before the deadline eased concerns…
Pakistan’s rupee closes near 174 as depreciation continues
Pakistan's rupee continued to weaken, depreciating another 0.28% to close near 174 against the US dollar in the inter-bank market on Thursday.
As per the State Bank of Pakistan (SBP), the PKR closed at 173.96 against the USD, a…
K-Electric seeks Rs3.45 per unit hike in electricity tariff
KARACHI (PEN) - K-Electric has submitted an application to the National Electric Power Regulatory Authority (NEPRA), seeking Rs3.45 per unit hike in the power tariff.
According to details, K-Electric has requested an increase in power…
Current Account Deficit reduces in September: Finance Ministry
ISLAMABAD (PEN) - The Ministry of Finance has said that the current account deficit has reduced to USD 1.13 billion In September from USD 1.47 billion in August.
According to the press release issued by Ministry Finance, as per SBP, the…
Most Asia markets up, Hong Kong swings as Evergrande sale fails
HONG KONG (AFP) - Most Asian markets rose Thursday following another strong Wall Street lead as positive earnings continued to smother inflation and taper worries, while Hong Kong fluctuated and Evergrande tumbled with the property giant…