Islamabad, April 22, 2019: Abdul Hafeez Shaikh, Adviser to the Prime Minister on Finance, Revenue and Economic Affairs witnessed the signing a trade financing facility amounting to US$ 551 million with the International Islamic Trade Finance Corporation (ITFC), a subsidiary of Islamic Development Bank (IsDB) Group, for imports of oil and LNG. This facility will…
Islamabad, April 22, 2019: Chinese Ambassador Zhou Jing says China has loaned $6 billion to Pakistan with zero interest rate and those, who are trying to sabotage CPEC projects are offenders of development. While including India any country can participate in CPEC. Chinese ambassador Zhou Jing while briefing on the Belt and Road forum, said…
Islamabad, April 22, 2019: The All Pakistan CNG Association (APCNGA) on Monday said over twenty multinational and local companies are keen to invest billions in the gas sector of Pakistan which should be welcomed. These companies are inclined to invest in the construction of new gas terminals, gas supply to consumers and laying down new…
Islamabad, April 22, 2019: Prime Minister Imran Khan on Monday met Iranian President Hassan Rouhani at Saadabad Palace in Tehran and both the leaders held extensive talks on bilateral, regional and international issues. Earlier, when Prime Minister Imran Khan arrived at the Saadabad Palace, an official welcome ceremony was held in honour of the prime…
Karachi, April 22, 2019: Pakistan State Oil (PSO) posted 64 percent YoY decline in its third quarter of this fiscal year (3QFY19) earnings, below our expectations due to inventory loss of around Rs200 million during the outgoing quarter (vs. inventory gain of R1.7bn in 3QFY18) and lower penal income. The company recorded loss of around…