Monday , December 11 2017

Business

ADB, AFD approve $400m to accelerate energy reforms

Islamabad: The Asian Development Bank (ADB) and the Agence Francaise de Development (AFD) Friday approved over $400 million in loans to support Pakistan’s efforts to provide a more reliable and secure energy sector. The $300 million in ADB assistance, the third such loan under the Sustainable Energy Sector Reform program, …

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Sanctions on Iran still hampering IP gas pipeline project

Islamabad: Official sources in the Ministry of Petroleum and Natural Resources on Friday has said that a few international sanctions on Iran including ‘dollar transaction’ are causing delay in execution of the much awaited Iran-Pakistan (IP) gas pipeline project between the two countries. “As soon as the sanctions are completely …

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Advisory forum established to promote TVET in KP, FATA

By Rehmat Mehsud Peshawar: In yet another development, stakeholders from public and private sector formed an advisory forum to support implementation of reform in technical and vocational education and training (TVET) in Khyber Pakhtunkhwa and Federally Administered Tribal Areas (FATA). The TVET Advisory Forum, which has been notified by the …

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SBP grants banking license to Bank of China

Islamabad: The State Bank of Pakistan (SBP) has issued a banking license to the Bank of China to operate in Pakistan. The bank will soon commence its business in branch mode after meeting other regulatory requirements as per the SBP standards. The Bank of China is one of the largest …

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Pakistan exports cotton worth US$ 38.631 million in 9 months

Islamabad: Pakistan recorded an export of raw cotton from the country during first three quarters of current financial year about US$ 38.631 million as compared the exports of the corresponding period of last year. During the period from July-March, 2016-17 about 22,812 metric tons of raw cotton worth US$ 38.631 …

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