GAIL to hold stake in TAPI as global firms shun 4-nation project

Last Updated: Monday, August 10, 2015, 18:16

The four nations planning the TAPI pipeline last week decided to co-own the project and a joint venture company with participation from each country would be set up to build and operate the over 1,800 line.

Pakistan economy to increase to 4.5% this year: IMF

Last Updated: Friday, August 7, 2015, 22:30

The IMF Friday forecast Pakistan's country's economy to increase to 4.5 percent this fiscal, citing macroeconomic stability, low global oil prices, planned improvements in the domestic energy supply and investment related to the China-Pak Economic Corridor.

Karachi Stock Exchange cross all-time high of 36,000 points

Last Updated: Wednesday, July 22, 2015, 23:14

The Karachi Stock Exchange (KSE) index Wednesday crossed an all-time high of 36,000 points today, the first working day after Eid holidays, as investors were looking for fresh stocks to invest in chemical and banking sectors.

Pakistan's exports plunge to 4-year low

Last Updated: Friday, July 17, 2015, 17:59

Pakistan's exports have plunged to a four-year low of USD 23.9 billion last year, in a jolt to the government's ambitious plan to boost exports to USD 150 billion in 10 years.

PM Modi for early operation of TAPI; India, Turkmenistan ink 7 pacts

Last Updated: Saturday, July 11, 2015, 16:44

The TAPI gas project is an over 1,800-km pipeline with design capacity to supply 3.2 billion cubic feet of natural gas per annum from Turkmenistan to Afghanistan, Pakistan and India.

Pak, India set to open banks across border in 'historic' move

Last Updated: Sunday, July 5, 2015, 20:09

Pakistan`s and India`s banks are set to open branches in each other`s countries soon in a historic move aimed at normalising trade relations, business tycoon Mian Mansha said.

Etihad Airways and PIA announce new codeshare agreement

Last Updated: Tuesday, June 30, 2015, 14:16

Etihad Airways and Pakistan International Airlines (PIA) have signed a codeshare agreement which will provide travellers with enhanced connections between the UAE, Pakistan and beyond.

Petrol price in India more than Pakistan: Oil Minister Pradhan

Last Updated: Wednesday, May 13, 2015, 17:10

Diesel at Rs 49.57 per litre in Delhi is however cheaper than all neighbouring nations except Sri Lanka, where it costs Rs 44.29 for a litre, he said in a written reply to a question in Rajya Sabha.

ADB to finance $6 billion in Pakistan infrastructure projects

Last Updated: Tuesday, May 12, 2015, 19:33

The Asian Development Bank on Tuesday approved a $6 billion loan to help build up Pakistan`s dilapidated power network and other key infrastructure, Islamabad said.

Pakistan to clock 4.3% growth this year: IMF

Last Updated: Tuesday, May 5, 2015, 21:18

The IMF Tuesday projected a 4.3 percent growth rate for Pakistan this year and a higher 4.7 percent in 2016, noting that the cash-strapped country would benefit from a global fall in crude oil prices.

Chinese investment in Pakistan neither loan nor grant: Sharif

Last Updated: Wednesday, April 29, 2015, 19:06

Pakistan Prime Minister Nawaz Sharif has said the money being spent by China in Pakistan is not a loan or grant but an investment, a media report said on Wednesday.

China, Pakistan launch economic corridor link worth $45 bn

Last Updated: Monday, April 20, 2015, 20:53

China and Pakistan launched a plan on Monday for energy and infrastructure projects in Pakistan worth $46 billion, linking their economies and underscoring China`s economic ambitions in Asia and beyond.