China expresses interest in IP project

China has expressed to join the Iran-Pakistan gas pipleline project as a potential customer replacing original partner India. During his last visit to China PM Nawaz Sharif discussed creation of trade corridor which was later approved by the [...]

F.M Ishaq Dar convinced W.B to finance Diamer-Bhasha dam

Finance Minister of Pakistan Mr. Ishaq Dar has held a meeting with Mr Xiaoyu Zhao, Vice President of Asian Development Bank (ADB).  Dar told the journalists that he has convinced the World Bank to finance the $14 billion on the project of [...]

Pakistan-China economic corridor approved by PM

A meeting held on Friday August 16 , 2013 under the chairmanship of Prime Minister of Pakistan Nawaz Sharif to discuss the trade corridor from Kashgar to Khunjerab and Gwadar. PM approved the Pak-China trade corridor trade which will provide [...]

We have not increased debt burden to clear circular debt: Ishaq Dar

Pakistan’s Finance Minister in an exclusive interview with Hamid Mir of Geo news said that the government has not incurred more debt to clear circular debt of power generation companies. He said that because of this step there is now additional [...]

Pakistan will go ahead with Iran-Pakistan Gas pipeline project: Sartaj Aziz

A non-paper was given to US Secretary of State John Kerry during the recent visit to Pakistan. The emphasis of the paper was Pakistan’s insistence that seeking energy from viable sources was the sovereign right of Pakistan and that US sanctions [...]

Islamic Development Bank approves 750 million dollars for Pakistan

Islamic Development Bank (IDB) has approved a 750 million dollars loan as well as a 150 million dollar credit facility for Pakistan. Credit facility will be used for import of fertilizer and oil products. The first installment of the loan will [...]

Removal of circular debt will add 1700MW of electricity: Ahsan Iqbal

Minister for Planning and Development Ahsan Iqbal informed the media that elimination of circular debt will add 1700MW electricity to the national grid. He said that payment to the IPPs will increase their capacity to produce more electricity [...]

Qatar-Pakistan LNG agreement is an Economic Stability for Pakistan – Dar

On Sunday July 21, 2013, Ishaq Dar, Finance Minister of Pakistan admires that the agreement between Pakistan and Qatar regarding import of Liquefied Natural Gas (LNG) from Qatar will definitely reduce the shortage of gas which is a contemporary [...]

Smart meters is one of the option: Ahsan Iqbal

Minister for Planning and Development Ahsan Iqbal informed the media that smart meters is one of the option to control electricity theft. He said that for sustainable provision of electricity theft has to be stopped. He said that a balance has [...]

Gold rates hike in Pakistan

The market price of Gold has increased by 500 Per Tola and 423 Per 10 gram  in Pakistan on Wednesday July 17, 2013. According to the international market, the schedule for current gold rates in Pakistan is as follows:- Gold 24K per 10 Grams [...]