Economics

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Sixth meeting of Pak-China Joint Cooperation Committee on Dec 28

ISLAMABAD- The sixth meeting of Pak-China Joint Cooperation Committee the principal decision making and implementation forum of China-Pakistan Economic Corridor will be held in Beijing, China on 28th and 29th of this month. During the meeting both sides will evaluate progress on ongoing projects in infrastructure and energy sectors under CPEC. The focus of the [...]

By | December 25th, 2016|Breaking News, China, Economics, PTIF|0 Comments

Govt to introduce one-time amnesty scheme for offshore company owners

ISLAMABAD :Federal government is mulling to introduce one-time amnesty scheme for offshore company owners to bring back black money held by Pakistanis abroad. Sources told that such schemes will motivate them to bring their assets/cash back to their homeland through banking channel and play their due role in the mainstream of economic activities of the [...]

By | December 24th, 2016|Breaking News, Economics, PTIF|0 Comments

Karachi-Lahore LNG Pipeline to be inaugurated in January

ISLAMABAD -UNS- Karachi to Lahore Liquefied Natural Gas (LNG) Pipeline project is expected to be inaugurated in January. Prime Minister Nawaz Sharif will likely to inaugurate the pipeline in first week of January next year. Out of a total of 1,300 kilometres long pipeline, 350 kilometres being laid by Sui Southern Gas Company Limited (SSGCL) [...]

By | December 21st, 2016|Breaking News, Economics, PTIF|0 Comments

Petrol price likely to go up by Rs1.50 per litre

ISLAMABAD -UNS – Prices of petroleum prices are likely to increase by Rs3.50 per litre from next month, sources told. Petrol price is expected to go up by Rs1.50 a litre while light diesel price could go up by Rs1.30, high speed diesel Rs1.40, high octane Rs3.50 and price of kerosene oil is likely to [...]

By | December 21st, 2016|Breaking News, Economics, PTIF|0 Comments

Senate passes resolution to disapprove company ordinance, 2016

ISLAMABAD -UNS : The Senate on Thursday passed a resolution to disapprove the Company Ordinance, 2016 with majority votes. The resolution was moved by senators Saleem Mandviwala, Aitzaz Ahsan, Taj Haider, Sardar Muhammad Azam Khan, Muhammad Mohsin Khan and others. Speaking on the occasion, Minister for Law and Justice Zahid Hamid urged the legislators to [...]

By | December 16th, 2016|Economics, News In Pictures, PTIF|0 Comments

‘Pakistan looks at Chabahar as a project complementing CPEC’

ISLAMABAD -UNS - The 32nd AGM and Conference of the PSDE, organized by PIDE, concluded on Thursday with the prestigious Quaid-i-Azam Lecture, delivered by Professor Athar Hussain, Director Asia Research Center, London School of Economics, UK. The theme of his lecture was “Regional and Domestic Political Economy”. The session was chaired by Professor Ahsan Iqbal, [...]

By | December 15th, 2016|Breaking News, Economics, News In Pictures, PTIF|0 Comments

China to fine unnamed US automaker

BEIJING: China will slap fines on an unnamed US carmaker for monopolistic behaviour, the state-run China Daily said on Wednesday, as rhetoric over trade heats up between Beijing and US president-elect Donald Trump. A penalty will be issued “soon” against an American firm for telling distributors to fix prices, the paper said in a front-page [...]

By | December 15th, 2016|Breaking News, China, Economics, News In Pictures, North America, PTIF|0 Comments

Qatar to merge state-owned giant gas producers

DOHA: Qatar, the world’s largest liquified natural gas producer, announced on Sunday it is to merge state-owned Qatargas and RasGas to create a “truly unique global energy operator”. Saad Sherida al-Kaabi, president and chief executive of state-owned Qatar Petroleum, said the move to the merger would begin right away and the companies would begin operating [...]

By | December 11th, 2016|Breaking News, Economics, News In Pictures, PTIF|0 Comments

Pakistan to host international conference on maritime economy

ISLAMABAD -UNS - The chairman of the parliamentary committee for China-Pakistan Economic Corridor (CPEC) Mushahid Hussain Syed said that Gwadar port was the pivotal point of the corridor. The senator said that maritime economy is crucial to the country’s economic state of affairs. Mushahid Hussain also said that the conference will be attended by delegations [...]

By | December 11th, 2016|Asia, Breaking News, Economics, Hot News, News In Pictures, PTIF|0 Comments

Foreign reserves stand at US$23.344 bln

ISLAMABAD -UNS : The total liquid foreign reserves held by the country stood at US$23,344.4 million as on December 2, 2016, according to State Bank of Pakistan (SBP). According to statement issued by the central bank, foreign reserves held by the SBP stood at US$ 18,353.2 million while the net foreign reserves held by commercial [...]

By | December 8th, 2016|Breaking News, Economics, PTIF|0 Comments