CPEC declared as one of the best performing projects of Belt and Road

CPEC declared as one of the best performing projects of Belt and Road
ISLAMABAD: Deputy Chief of Mission at Chinese Embassy in Pakistan Zhao Lijian says China Pakistan Economic Corridor (CPEC) project is one of the best performing project of his country’s Belt and Road Initiative. He was speaking at a conference on ‘Belt and Road Initiative and CPEC’ in Islamabad on Tuesday. Lijian said the multi-billion dollar CPEC project, which is being... Read More

Pakistan to achieve 6 percent GDP due to investment in CPEC: IMF

Pakistan to achieve 6 percent GDP due to investment in CPEC: IMF
ISLAMABAD: The International Monetary Fund (IMF) has termed Pakistan’s economic outlook as “favorable” with improved availability of energy, and growth-supporting structural reforms. According to latest report released by IMF, confidence of investors in Pakistan is growing as its economy has stabilized after completing a bailout program. It cited Chinese infrastructure investments as one of the reasons for economic development. The... Read More

SBP directs banks to install bio-metric system till Dec 31

SBP directs banks to install bio-metric system till Dec 31
KARACHI: The State Bank of Pakistan (SBP) has directed all micro finance banks to install bio-metric system in their branches till 31st December this year for scrutiny and verification of customers. In a statement in Karachi today SBP said it will also help to check money laundering and terror financing. SBP also directed to install Treasury Management System before June... Read More

PM Nawaz Sharif performs Umrah

PM Nawaz Sharif performs Umrah
RIYADH: Prime Minister Muhammad Nawaz Sharif, who is on private visit to Saudi Arabia, has performed Umrah. Upon his arrival at Masjed-e-Nabvi, he was received by a number of officials of the General Presidency and Special Force for Security of the Holy Mosque. The PM performed Umrah with his family besides paying respects at Roza-e-Rasool (Peace Be Upon Him) in... Read More

Champions Trophy triumph: PM announces reward of Rs 1 crore per player

Champions Trophy triumph: PM announces reward of Rs 1 crore per player
ISLAMABAD: Prime Minister Nawaz Sharif announced a reward of Rs 1 crore for every player of the Pakistan One Day International squad that won the ICC Champions Trophy 2017 tournament, on Tuesday. Minister of State for Information and Broadcasting Marriyum Aurangzeb said that by performing well in the Champions Trophy tournament, the national team had lifted the spirits of the... Read More

Skipper Sarfraz warmly welcomed by fans outside his residence

Skipper Sarfraz warmly welcomed by fans outside his residence
KARACHI: Pakistan skipper Sarfaraz Ahmed on Tuesday credited team management for backing them up after humiliating defeat in the first match against India, which resulted in players standing up to the occasion and clinched the title from arch-rivals. He was talking to media after reaching home, where a large number of fans have gathered outside his house and chanted slogans... Read More

Pakistan commences phased fencing of border with Afghanistan

Pakistan commences phased fencing of border with Afghanistan
RAWALPINDI: The phasing of the entire Pakistan-Afghanistan border has been commenced and is continuing, Inter-Service Public Relations (ISPR) said Tuesday. According to the press release issued by the ISPR, as per phase 1, high infiltration prone border areas in Bajaur, Mohmand and Khyber Agencies are being fenced. In phase 2, fencing of remaining border areas including Baluchistan will be executed. Besides... Read More
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