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Budget session to continue till June 14

ISLAMABAD -UNS: The current session of the National Assembly being a budget session will be continued till June, 14. It was decided in the House Business Advisory Committee of the National Assembly which met here Wednesday with Speaker Sardar Ayaz Sadiq in the Chair to …

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KP-FWO sign $11b MOU for CPEC city,Oil refinery

PESHAWAR -UNS : The KP government and Frontier Works Organization (FWO) have signed agreements for four separate mega developmental projects to be completed at a cost of dollar 11 billion. “The government has signed agreement with FWO for construction of CPEC city on Motorway near …

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KSA, US sign deals ‘in excess of $380 bln’: Saudi FM

Agreements worth more than $380 billion have been signed between Riyadh and Washington on the first day of US President Donald Trump’s visit, the Saudi foreign minister said on Saturday. “The two countries signed a series of agreements,” Adel al-Jubeir told reporters at a joint …

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GDP growth rate estimated at 6 percent in next fiscal year: Ahsan Iqbal

ISLAMABAD -UNS – Planning Minister Ahsan Iqbal says economic indicators of the country are highly positive and growth of GDP in the next fiscal year is estimated to be at 6 percent. Briefing the news persons in Islamabad on Friday, he said agriculture sector has …

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Saudi-US relations and regional challenges

RIYADH  – US President Donald Trump on Saturday makes Saudi Arabia the first overseas stop of his presidency, holding summits with the kingdom’s leaders, their Gulf neighbours and top officials from across the Muslim world. Here are facts about the longstanding relationship between Saudi Arabia …

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Budget 2017-18: estimated at Rs 4,800 billion

ISLAMABAD -UNS– The budget for next fiscal year (2017-2018) that will be announced on May 26 has been estimated at Rs 4,800 billion by government. Sources told that Rs 866 billion has been suggested to allocate for development projects including China-Pakistan Economic Corridor (CPEC) whereas …

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PM visits Alibaba HQ: Pak have bright prospects for investment in e-commerce

BEIJING -UNS : Prime Minister Nawaz Sharif visited offices of Alibaba company in Zhejiang on Tuesday. In his remarks on the occasion, he said Pakistan is an emerging economy and the government is striving hard for prosperity of the people. The Prime Minister said as …

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Gwadar would become an international smart port city soon

BEIJING -UNS : Pakistan and China signed various agreements and memorandum of understandings on making Gwadar a world class modern port city and on leveraging special economic zones to capture the window of opportunity for structural transformation in Pakistan. The signing ceremony was held in …

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‘Pakistan for cooperation,synergetic partnerships across regions to ensure prosperity’

BEIJING -UNS -Prime Minister Nawaz Sharif has said that Pakistan strongly favours cooperation and synergetic partnerships across regions to ensure socio-economic development and prosperity. He was speaking at the Leaders’ Roundtable on Policy Synergy in Beijing on Monday. The Prime Minister said it is imperative …

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Bank of China granted banking licence in Pakistan

KARACHI: The State Bank of Pakistan (SBP) has issued a banking licence to the Bank of China. The bank will commence its business in branch mode after meeting other regulatory requirements, a SBP statement on Saturday said. It said that the Bank of China is …

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