Business News
-
Pakistan-Saudi Arabia talks on Reko Diq mining project near completion: Petroleum minister | The Express Tribune
.
[ad_1] Pakistan is nearing the conclusion of negotiations with Saudi Arabia on the massive Reko Diq copper-gold mining project, one of the world’s largest untapped resources, according to Petroleum Minister Dr Musadik Malik. In a statement made on Wednesday, Dr…
-
ML-1 financing under scrutiny | The Express Tribune
.
[ad_1] ISLAMABAD: Cabinet members have expressed reservations regarding the acquisition of foreign currency debt from China for the implementation of Phase 1 of the Main Line-1 (ML-1) project. Sources told The Express Tribune that the Ministry of Railways had presented…
-
OGRA swings into action to protect refineries | The Express Tribune
.
[ad_1] ISLAMABAD: The fuel regulator has temporarily halted some oil marketing companies (OMCs) from importing High-Speed Diesel (HSD) to address concerns raised by oil refineries about an excessive stock of the fuel, which they warn “may lead to the collapse…
-
IMF links bailout package to $12b debt rollover | The Express Tribune
.
[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has demanded of the Pakistan government to get $12 billion loan rolled over by next week to secure the bailout package. Besides, the fund has also asked the country to meet the revenue…
-
Sindh seeks to procure double cabins for Rs2bn
.
[ad_1] A representational image of double cabin vehicles. — Reuters KARACHI: As the cash-strapped country struggles to cut government expenditures amid fiscal constraints, Sindh seeks to procure 138 double cabin vehicles worth Rs2 billion for assistant commissioners (ACs), exposing how…
-
Aurangzeb meets foreign investors | The Express Tribune
.
[ad_1] ISLAMABAD: Finance Minister Senator Muhammad Aurangzeb met with a delegation of international investors, led by JP Morgan Pakistan CEO Amin Mohammad Khowaja, to explore fixed income investment opportunities in the country. According to a press release issued by the…
-
Centre, provinces owe Rs2.56 trillion to DISCOs | The Express Tribune
.
[ad_1] ISLAMABAD: The federal and provincial governments collectively owe more than Rs2.56 trillion in unpaid bills to the electricity Distribution Companies (DISCOs) across the country, official documents available with The Express Tribune revealed on Wednesday. There are 12 DISCOs across…
-
No loadshedding due to power generation shortfall: NA told
.
[ad_1] Federal Law Minister Azam Nazeer Tarar speaks during the National Assembly session in Islamabad on September 4, 2024. — Screengrab via Geo News As the incumbent government faces scrutiny due to soaring electricity prices and issues involving independent power producers…
-
Not on IMF agenda, but Pakistan hopes to secure bailout | The Express Tribune
.
[ad_1] ISLAMABAD: Finance Minister Muhammad Aurangzeb said on Tuesday that the government was at the “advanced stages” of getting assurances about external financing but he again did not give a firm timeframe to conclude the pending $7 billion deal with…
-
Pakistan ‘striving’ to meet IMF terms amid resistance to tax reforms
.
[ad_1] Finance Minister Muhammad Aurangzeb calls on Prime Minister Muhammad Shehbaz Sharif in Islamabad. — Online/File Hoping that Pakistan will no longer have to rely on the lender of last resort for external funding in the future, Prime Minister Shehbaz…
