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25-year KPT lease to UAE approved
ISLAMABAD: Pakistan approved on Thursday the lease of Karachi Port Terminals (KPT) on East Wharf to the United Arab Emirates (UAE)…
Oil plunges 3% after BoE interest rate hike
NEW YORK: Oil futures fell over 3% on Thursday, after trader concerns over the impact of a bigger-than-expected Bank of England…
Banks allow unauthorised apps to provide services
KARACHI: he central bank has observed that commercial banks have put their depositors’ money at risk by allowing unauthorised…
China unveils $72 billion tax break for green cars
BEIJING/SHANGHAI: China unveiled on Wednesday a 520 billion yuan ($72.3 billion) package of tax breaks over four years for…
IT exports witness 24% surge in May 2023
KARACHI: Pakistan’s Information Technology (IT) exports experienced a remarkable surge of 24% in May 2023, reaching a total of…
UAE offers to acquire Karachi Port terminals
ISLAMABAD:
The United Arab Emirates has sought the control of the Karachi Port terminals on lease for 50 years in a negotiated…
Pakistan invites China, Europe to set up LNG plants
ISLAMABAD: Pakistan is eyeing Central Asia as its energy trade partner, especially Turkmenistan, and is seeking gas supplies for…
US ambassador asks for Pakistan’s plan ‘B’
ISLAMABAD: The United States asked Pakistan on Wednesday about its fallback option in case the International Monetary Fund (IMF)…
K-Electric, DISCOs seek power tariff increase
ISLAMABAD: Power distribution companies (DISCOs) have requested a tariff hike of Rs2.05 per unit while K-Electric (KE) has sought…
‘Plan ‘B’ must be actioned’
KARACHI: The business community has urged the government to develop a comprehensive economic plan as concerns grow over the…