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Fitch upgrades Pakistan to 'CCC' after IMF deal
Karachi: Fitch Ratings upgraded Pakistan's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'CCC' from 'CCC-' as country managed to clinch a 'last-minute' staff-level agreement with International Monetary Fund (IMF). "Upgrade reflects Pakist...
Pakistan has vast investment opportunities in various sectors including IT: Amin
ISLAMABAD: Minister for Information Technology and Telecommunication Syed Amin-ul-Haque emphasised abundant investment opportunities available in country across multiple sectors, particularly in Information Technology (IT). In statement, he said that...
ITFC signs deal to fund $1.4bn of Bangladesh oil imports
JEDDAH: International Islamic Trade Finance Corporation (ITFC), which is based in Jeddah signed $ 1.4 billion financing plan with Bangladesh to fund country's oil imports, Saudi state news agency (SPA) said. "This financing plan will enable Banglades...
CPEC’s projects attract $25.4 billion of direct investment
The projects under China-Pakistan Economic Corridor (CPEC) a flagship project of the Belt and Road Initiative (BRI) are flourishing all across Pakistan and have attracted US$25.4 billion of direct investment from China during the last 10 years. &ldqu...
CPEC signature project in Pak-China cooperation in new era: Wang Wenbin
BEIJING: China-Pakistan Economic Corridor (CPEC) is signature project in cooperation between China and Pakistan in new era and pilot project of Belt and Road Initiative (BRI) launched by Chinese President Xi Jinping decade ago, Chinese Foreign Minist...
IMF deal offers opportunity for Pakistan's economic revival: PIBC Chief
Karachi: Chairman Pakistan Indonesia Business Council (PIBC) Abid Nisar hailed agreement with International Monetary Fund (IMF) as crucial step for economic revival of Pakistan, praising efforts of Prime Minister Shehbaz Sharif and Finance Minister I...
US envoy Blome, Dar discuss bilateral ties
ISLAMABAD: Donald Blome Ambassador of United Stated of America called on Finance Minister Senator Ishaq Dar. Finance Minister Ishaq Dar greeted Donald Blome and appreciated deep rooted historic and durable bilateral relations with United States on ec...
NEPRA approves another hike in power tariff
ISLAMABAD: National Electric Power Regulatory Authority (Nepra) approved an increase of Rs 1.90 per unit on account of monthly fuel charges adjustment (FCA), according to report. This amount will be recovered from consumers in month of August....
Progress on CPEC restored within year: Ahsan Iqbal
ISLAMABAD: Minister Planning, Development and Special Initiatives Ahsan Iqbal said that progress on China Pakistan Economic Corridor (CPEC) has been put back at position wherefrom project would become game-changer for regional development. Addressing...
Enemies of CPEC are enemies of development, peace, prosperity, region: PM
ISLAMABAD: Prime Minister Shehbaz Sharif said enemies of CPEC are enemies of development, peace, prosperity in Pakistan and region. They don't want our people get rid of poverty. India should benefit from CPEC instead of creating hindrance on its way...
