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Business

Pakistan agrees to depreciate rupee on IMF conditions

By Khaleeq Kiani Amid a policy decision on Friday to allow rupee depreciation, Pakistan and an International Mone­tary Fund (IMF) delegation concluded the first round of discussions on the country’s economy. Now members of the IMF delegation and Pakistan team are taking a two-day break to prepare for the policy-level …

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Putin launches giant $27bn LNG project in Arctic

SABETTA (AFP) – President Vladimir Putin on Friday launched a $27 billion liquefied natural gas plant in the snow-covered plains of the Arctic as Russia hopes to surpass Qatar to become the world s biggest exporter of the chilled fuel. The Russian president congratulated workers as he oversaw the first …

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Pakistan’s exchange rate facing risks:UN

ISLAMABAD -UNS : The government’s policy of keeping the exchange rate stable by intervening in the foreign exchange market may become unsustainable if the US dollar appreciates against most major currencies in global markets, warns a new United Nations report. The stable exchange rate may be encouraging for some investors …

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France,Qatar sign $1bn fighter jet deal amid Gulf crisis

DOHA -UNS : Qatar announced on Thursday a deal to buy 12 French-built Rafale fighter jets, as it faces a boycott by neighbouring Gulf states in the region’s worst political crisis in years. The 1.1-billion-euro ($1.3-billion) order, announced during an official visit by French President Emmanuel Macron, allows for an …

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Agri sector also included in CPEC

ISLAMABAD -APP/UNS:Deputy Chairman Planning Commission Sartaj Aziz Wednesday said keeping in view the importance of agriculture in the national economy, food security and alleviation of poverty, the sector had been included as an area of cooperation in the Long-Term Plan of China Pakistan Economic Corridor to ensure sustainable economic growth …

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Bitcoin hits new record; climbs above $12,000

Bitcoin smashed through the $12,000 barrier for the first time Wednesday, extending the virtual currency’s stratospheric rise to new records as it gears up to take its place on mainstream markets. The controversial cryptocurrency, which has been used to buy everything from a pizza to manicures, touched a new high …

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Pakistan’s Largest Technological Olympiad, Air Tech’17 from 7th to 10th December

ISLAMABAD -UNS: Pakistan’s largest technical and scientific Olympiad, Airtech’17 will be held at the Main Campus of Air University from 7th to 10th December. This was announced by Air Vice Marshal (r) Faaiz Amir, Vice Chancellor of Air University, in a press conference to brief journalists about the first & …

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52.76% increase in Pakistan’s crude exports during first quarter of current fiscal year

ISLAMABAD -UNS: Country’s Petroleum Crude exports increased by 52.76 percent during the first quarter of current fiscal year (July-September) as compared to the same period of last year, according to Pakistan Bureau of Statistics (PBS). According to the data provided by PBS, Petroleum Crude worth $33,075 were exported during the …

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