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ECC allows issuing Eurobonds worth $500m

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ISLAMABAD-The Economic Coordination Committee (ECC) of the Cabinet on Thursday has approved to issue Eurobonds worth of $500 million to arrange to finance for much needed Diamer Basha and Mohmand Dams. Federal Minister for Finance and Revenue Dr Abdul Hafeez Sheikh chaired the meeting of the ECC. Ministry of […]

FIEDMC plays key role to attract domestic, foreign investment

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LAHORE-The Faisalabad Industrial Estates Development & Management Company (FIEDMC) is playing a fundamental role in attracting domestic and foreign investment. FIEDMC Chairman Mian Kashif Ashfaq while talking to the Lahore Chamber of Commerce and Industry (LCCI) President Mian Tariq Misbah in the presence of Senior […]

Rupee gains 23 paisas against US dollar

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ISLAMABAD- The exchange rate of Pakistani rupee strengthened by 23 paisas against the US dollar in the interbank trading on Thursday and closed at Rs160.31 as compared to the previous day’s closing of Rs160.54. Meanwhile, according to Forex Association of Pakistan, the buying and selling […]

Oil prices up on Brexit deal, US relief pack hopes

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Oil prices were up on Friday amid limited trading before Christmas, but the upcoming Brexit deal and hopes of President Donald Trump signing off on the US relief package also supported prices. During weak pre-Christmas trading, international benchmark Brent crude traded at $51.37 per barrel at 0648 GMT […]

China to launch space station cabinet soon

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Moving a step closer to launch itsspace station, China Friday announced that it will launch the core cabinet of the ongoing project in 2021 spring. Zhou Jianping, the chief designer of China’s manned space program, said the core cabinet will be launched “as a starter […]

COVID-19 cases on rise in Arab countries

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Jordan, Palestine, Saudi Arabia, Iraq, Libya, and Algeria, on Thursday announced more coronavirus fatalities and culminating death toll as they continued efforts to contain the disease. As many as 1,704 people tested positive for COVID-19 in Palestine, bringing the total to 145,422. Some 17 new […]

New coronavirus strain yet not detected in Pakistan

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The Ministry of National Health Services, emphasized that the new strain of the coronavirus on Friday indicated in Britain, has not made it to Pakistan yet.  The ministry further added, the situation in Pakistan is being monitored closely as all the passengers arriving from the […]

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