Pakistan’s trade deficit crosses $20 billion

Pakistan’s trade deficit crosses $20 billion
Pakistan’s trade deficit news ISLAMABAD: Pakistan’s trade deficit surged to a record high of $20.2 billion during the eight months of the ongoing fiscal year, an amount $5.2 billion higher than the deficit recorded in the comparative period of the previous year. The trade deficit, difference between exports and imports, increased to $20.2 billion during July-February, reported the Pakistan Bureaus... Read More

US agrees to provide $81 million for construction of Kurram Tangi dam

US agrees to provide $81 million for construction of Kurram Tangi dam
ISLAMABAD: The United States has agreed to provide a grant of $81 million for the construction of Kurram Tangi Dam in North Waziristan Agency.  Officials said an agreement for this purpose has already been signed between the US Agency for International Development and WAPDA. The Kurram Tangi Dam on completion will produce eighty-three point four megawatts electricity. It will also... Read More

Accord for 820-megawatt power projects with China inked

Accord for 820-megawatt power projects with China inked
ISLAMABAD: China Three Gorges South Asia Investment Limited will installed three power projects of 820- megawatt  with cost of two billion dollars and accord with Pakistan government has been inked second phase of a 100MW wind power project. Rrepresentatives of China Three Gorges South Asia Investment, Private Power and Infrastructure Board (PPIB) and Alternative Energy Development Board (AEDB) inked agreements at... Read More

Petrol diesel made costlier for March

Petrol diesel made costlier for March
Petrol Diesel Rates News ISLAMABAD: Notwithstanding the summary forwarded by the Oil and Gas Regulatory Authority (OGRA), the Finance Ministry has increased the prices of petrol only by Rs 1.71. Finance Minister Senator Mohammad Ishaq Dar, while announcing the new prices of petroleum products here Wednesday said OGRA recommended fixation of new petrol prices at Rs 73 per liter. The new... Read More

OGRA increases prices of LPG

OGRA increases prices of LPG
ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) has increased prices of Liquefied Petroleum Gas (LPG) by Rs10 per domestic cylinder.  According to detail, the new prices for an 11.8 kilogram domestic cylinder will be 910 rupees and one kilogram of LPG will be sold at 77.12 rupees. Producer prices of the LPG will be 45276 rupees per metric ton, while... Read More

Chinese entrepreneurs invited to invest in Pakistan textile sector

Chinese entrepreneurs invited to invest in Pakistan textile sector
Pakistan Textile Sector News BEIJING: Pakistan Ambassador to China, Masood Khalid Tuesday invited the Chinese companies to take advantage of investment-friendly policies of present government and come forward to invest in textile and garments sectors in Pakistan. “The government is focusing for the development of textile and garments sectors in Pakistan as it is considered to be the backbone of... Read More

Over 100 Russian companies keen to invest in Pakistan

Over 100 Russian companies keen to invest in Pakistan
KARACHI: Over 100 Russian companies are interested to invest in pharmaceutical, machines manufacturing, construction and other sectors in Pakistan and the Sindh Board of Investment (SBI), should guide and cooperate in this regard. This was stated by a delegation comprising officials of the Trade Commission of Russian Consulate in Karachi led by Alexy Kudrayavtsey while talking to Chairperson SBI, Ms.... Read More

Ground breaking of 2160 MW Dasu Hydel Power project to be held in June

Ground breaking of 2160 MW Dasu Hydel Power project to be held in June
Dasu Hydel Power Project News ISLAMABAD:  Prime Minister Nawaz Sharif was told on Wednesday that ground-breaking of 2160 MW Dasu Hydel Power Project would be performed in June this year and Neelum-Jhelum would become operational in February next year. Chairman Water and Power Development Authority (WAPDA) Muzammil Hussain called on the Prime Minister and briefed him about different water and... Read More

POL prices hike by Rs1 a litre

POL prices hike by Rs1 a litre
Petrol Diesel Price News ISLAMABAD: The government has revised prices of petroleum products for the next fortnight.  Briefing newsmen in Islamabad on Wednesday night, Finance Minister Ishaq Dar said the prices of Petrol and High Speed Diesel have been increased by one rupee per liter each. He said the prices of Light Diesel Oil and Kerosene Oil will remain unchanged.... Read More

Pakistan seeks France cooperation in advanced surgical technology

Pakistan seeks France cooperation in advanced surgical technology
Pakistan Medical Facilities News ISLAMABAD: Pakistan has sought French cooperation in advanced surgical technology or improving general medical facilities in the country.  Talking to President of Institute for Research on Cancers, Prof Jacques Marescaux, Pakistan’s Ambassador in France, Moin ul Haque said Islamabad is interested in learning and adopting advanced techniques in the field of surgery. The envoy visited various... Read More

Chinese groups keen to set up industrial parks in Pakistan

Chinese groups keen to set up industrial parks in Pakistan
Industrial Park News ISLAMABAD: Chinese investors are keen to set up industrial park and power generation plants in Pakistan.  This was stated by Chairman, International Green Economy Association of China, Deng Jihai while addressing a gathering of business community. He said his Association has already brought 3 delegations to Pakistan to study its market and explore opportunities for investment. In... Read More
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