By Staff Reporter
ISLAMABAD: Pakistan has signed three memoranda of understanding (MOUs) with four state-owned enterprises to raise the local equity for a multibillion-dollar Saudi refinery project and inked an engineering, procurement, and construction (EPC) contract with a Chinese firm, a minister said on Thursday.
By Staff Reporter
ISLAMABAD: Pakistan said on Thursday it would not negotiate with militants who have killed security forces and civilians, dismissing media reports that a recent visit by a Pakistani envoy to Kabul was part of talks with the Pakistani Taliban.
By Staff Reporter
ISLAMABAD: Pakistan’s top economic body approved eight development projects worth around Rs10.6 trillion on Thursday, including a nuclear power plant, a storage dam, and a canal system.
By Staff Reporter
ISLAMABAD: Pakistan’s Senate on Thursday passed a bill that would punish anyone who leaks unauthorized information about the country’s security or military with up to five years in jail, amid a row over former Prime Minister Imran Khan’s alleged disclosure of official secrets.
By Staff Reporter
KARACHI: Pakistan’s central bank said on Thursday it had fined six banks a total of Rs350.8 million for failing to comply with rules on anti-money laundering, customer due diligence and other areas.
By Staff Reporter
ISLAMABAD: China has agreed to defer principal payments on loans worth $2.4 billion to Pakistan for two years, Finance Minister Ishaq Dar said on Thursday, a boost for the cash-strapped country as it tries to rebuild its foreign currency reserves.
By Staff Reporter
ISLAMABAD: Pakistan on Wednesday denounced the “provocative remarks” made by India’s defence minister, who said he was ready to cross the Line of Control (LoC) that divides the disputed Kashmir region, and urged India to “exercise utmost caution”.
By Staff Reporter
ISLAMABAD: Pakistan’s power regulator on Wednesday approved additional charges of up to Rs2.31 per unit for electricity consumers to cover the fuel cost adjustment (FCA) for June, a day after announcing a steep hike in base tariffs, Dawn newspaper reported on Thursday.
By Staff Reporter
ISLAMABAD: Pakistan’s Supreme Court on Wednesday rejected a plea by former prime minister Imran Khan to stop a lower court from proceeding with a corruption case against him involving gifts from foreign dignitaries.
By Staff Reporter
ISLAMABAD: Pakistan’s fiscal deficit is expected to narrow to 5.5 percent of gross domestic product (GDP) in the fiscal year ending June 2024, from 7.9 percent a year earlier, as the government curbs non-interest spending and boosts revenue collection, the finance ministry said on Wednesday.
