The Biden administration has indicated that it will not oppose Pakistan's decision to purchase discounted Russian crude oil, after Pakistan placed its first order for the oil last week. While the United States has not signed a Washington-backed price-cap on Russian petroleum products, it has left ...

The $62 billion investment under CPEC promised tremendous dividends for the Pakistani economy, jobs for Pakistani youth, development infrastructure and a “game-changer” for Pakistan and the entire region. After approximately six years of CPEC, the question arises of how much this project has ...

ISLAMABAD – Pakistan and Russia have signed their largest-ever deal worth billions of dollars for expanding trade and business ties, Pakistani officials have announced, according to a report by RT. Russian Minister of Industry and Trade Denis Manturov is leading a 64-member delegation on an ...

ISLAMABAD: Russia has signed a new trade deal with Pakistan, pledging to invest heavily in the country’s industrial sector. According to government officials, Russia would provide financial assistance worth $1 billion for the rehabilitation of Pakistan Steel Mills (PSM). Moreover, Moscow ...

KARACHI: Pakistan inks mega power project deal with Chinese and German Companies, media had reported. K-Electric (KE) has signed a contract with a joint venture of Chinese and German firms to build a 900 megawatts dual-fired power plant with an investment of $650 million, the company said on ...

ISLAMABAD - Pakistan government unveils largest ever power generation programme of over 110,000 MW energy under the Indicative Generation Capacity Expansion Plan 2018-40. National Transmission and Despatch Company has finalized the Indicative Generation Capacity Expansion Plan (IGCEP) 2018-40 ...

ISLAMABAD – Malik Riaz, the chairman of Bahria Town has contributed huge sums of money to the fund dedicated to the construction of Diamer-Basha and Mohmand Dams. According to a communique issued by the firm, Malik Riaz has contributed a staggering Rs 40.26 million to the fund opened up by the ...

RIYADH - Saudi Aramco signed on Wednesday a Memorandum of Understanding (MOU) with “Ratnagiri Refinery and Petrochemicals Ltd.” (RRPCL) for an estimated $44 billion mega refinery and petrochemicals complex on India’s west coast. The India partner is a consortium of oil companies which ...

Prime Minister Shahid Khaqan Abbasi met Claudio Descalzi, CEO, ENI at the World Economic Forum (WEF) in Davos on Thursday. Special Assistant to PM Ali Jehangir Siddiqui and senior government officials were also present during the meeting. The Prime Minister appreciated ENI’s continued ...

ISLAMABAD: The load-shedding situation in the country, as compared to 2013, has fully improved, after addition of more than 7,750 MW generation capacity till now in national power system.The present government, after coming to power in 2013, initiated sincere and hectic efforts, due to which power ...