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

BY IFTIKHAR MASHWANI 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 …

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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 …

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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 …

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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 …

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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 …

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‘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 …

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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 …

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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 …

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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 …

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Foreign reserves stand at US$23.344 bln

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

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