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Business

Pak-China Optical Fiber to be completed by June 2018

ISLAMABAD: The construction work regarding installation of optical fiber cable between Pakistan and China is in full swing in Abbottabad and Haripur districts. According to Radio Pakistan, the 820km Pakistan-China Optical Fiber Cable project from Rawalpindi to Khunjerab will be completed by Special Communications Organisation at a cost of $44 …

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Govt takes back 33pc cut in gas prices for industry

ISLAMABAD: The government on Thursday reversed its decision of November 25 to reduce gas prices for the industrial sector by 33 per cent following a strong protest from the Punjab government and Punjab-based textile industry. Instead, the reduction in gas rates has now been diverted to the power generation sector …

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French investors keen on investing in Balochistan: envoy

QUETTA: Balochistan has great potential in the minerals, agriculture and fisheries sectors and an improved security environment will attract French investors in the province, Ambassador of France to Pakistan Martine Dorance said on Wednesday. Ms Dorance is currently on a Balochistan tour along with French Embassy’s Head of the Economic …

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IMF chief on trial in France over tycoon case

PARIS: IMF chief Christine Lagarde goes on trial in France on Monday over a massive state payout to a flamboyant tycoon when she was finance minister in a case that risks tarnishing her stellar career. Lagarde denies the charges of negligence, arguing she was acting “in the state’s interest” in …

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Pakistan, China ink taxation agreement

  ISLAMABAD: (Web Desk) Pakistan and China on Friday signed the third protocol to the Avoidance of Double Taxation Agreement between the two countries. The protocol was signed by Federal Board of Revenue (FBR) Chairman Nisar Muhammad and Commissioner State Administration of Taxation (SAT) China, Wang Jun on behalf of …

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Heavy investments continue in 3G/4G infrastructure

KARACHI: (Web Desk) Companies providing cellular services continued to invest in advanced internet infrastructure development in a bid to tap millions of potential new users in Pakistan. The Pakistan Telecommunication Authority (PTA) has reported that cellular firms have invested another $659.4 million in the fiscal year ended June 30, 2016. …

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Javed Khanani dies after falling from building in Karachi, say police

KARACHI: (Web Desk) Javed Khanani, a director of Khanani and Kalia International (KKI) money changers, died on Sunday after reportedly falling from an under construction building in Karachi, it has been learnt. He died after falling from an under construction building “Saima Towers” in Mohammad Ali Society, in the jurisdiction …

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Despite tensions, no change in trade regime with India, says minister

ISLAMABAD: (Web Desk) Commerce Minister Khurram Dastgir told the Senate Standing Committee that despite diplomatic tension between Pakistan and India, the trade regime had not been changed by the government, a news report said. He was speaking in response to the issue raised by Chairman of the textile committee Senator …

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Inflation eased to 3.81pc in November

ISLAMABAD: (Web Desk) Annual inflation fell to 3.81 per cent in November from 4.21pc in the preceding month on the back of decline in perishable food prices, the Pakistan Bureau of Statistics said on Thursday. The main inflation measured by Consumer Price Index (CPI) has been on rise since August …

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