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Bahrain announces discovery of 80 bn barrels of oil

MANAMA -UNS : Bahrain on Wednesday announced its newly discovered shale oil reserve was estimated to contain more than 80 billion barrels, making the once-marginal oil producer potentially a major player in the market. The amount of recoverable oil — or oil that can be …

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Affordable housing in Pakistan :WB approves $145 million

WASHINGTON: The World Bank (WB) has approved $145 million for Pakistan to let people of the country have access to affordable houses through mortgage financing. The Funds are to be allotted under the Pakistan Housing Finance Project (PHFP) and will finance the government’s plan to …

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Pakistan,India must not carry burden of history: Indian HC

LAHORE -UNS – Indian High Commissioner Ajay Bisaria has said that India and Pakistan should have future different from the past and must not carry the burden of history. “Mutual relations should be built on the basis of trade and economy and must be away …

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Drop rate of Pakistan’s forex reserves fastest in Asia: Bloomberg

ISLAMABAD -UNS- Pakistan is depleting its dollar reserves at the fastest pace in Asia and may soon have a buffer that’s smaller than Cambodia, an economy that’s less than a 10th of its size, reported Bloomberg. Reserves have dropped by about a fifth in the …

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PAJCCI developing peace ,economic prosperity across border

BY SAJJAD HUSSAIN ISLAMABAD- In line with the chain of events pertinent to Afghan-Pak economic connectivity, Pakistan Afghanistan Joint Chamber of Commerce & Industry (PAJCCI) recently conducted a roundtable meeting on Mar 26, 2018. The main emphasis of this event was to nurture the environment …

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Pak-Afghan Economic Connectivity: PAJCCI round table meeting on March 26

ISLAMABAD-UNS- Under the manifesto of “Segregating Economic Aspirations from Political and Security Imperatives”, the Pakistan Afghanistan Joint Chamber of Commerce & Industry (PAJCCI) organized a roundtable meeting on stakeholders’ perspectives for reinforcing Pakistan-Afghanistan Economic connectivity on March 26, 2018 in Islamabad. Given the current confidence …

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Black day for Pakistani rupee : Dollar spikes to Rs115

ISLAMABAD-UNS – Another black for Pakistani currency. ADomestic currency for the second time in a span of almost four months received a second jolt where rupee depreciated by another 4 percent on economic concerns and higher external debt payments. Pakistan rupee closed around 115 to …

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Buy PIA, get Steel Mills for free: Miftah Ismail

ISLAMABAD: Adviser to Prime Minister on Financial Affairs Miftah Ismail has offered to give the Pakistan Steel Mills for free to the investor who agrees to buy the loss-making Pakistan International Airlines. “I don’t know if there will be a buyer after the next elections …

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New Islamabad Airport to be operational in April: Abbasi

ISLAMABAD -UNS/APP : Adviser to Prime Minister on Aviation Sardar Mahtab Abbasi on Monday affirmed that the new Islamabad International Airport would be operational next month. He said that no comprise on airport quality standards will be tolerated and no further delay will be made …

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Budget 2018-19 to be presented on April 27: Miftah Ismail

ISLAMABAD -UNS – The government will present Federal Budget 2018-19 on April 27, this was confirmed by Mifttah Ismail, advisor to Prime Minister on Finance and Economic Affairs, in a press conference in Islamabad today (Friday). This would be the last budget of the present …

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