Govt Likely To Allow OMCs, Dealers To Set Profit Margins

ISLAMABAD: The government is likely to give a free hand to oil majors in setting profit margins on the sale of petroleum products to consumers – a step that is expected to promote investment and competition, but it may also give a windfall to oil marketing

‘Hotel Industry At Cusp Of Revival Due To CPEC’

KARACHI: Sindh governor Muhammad Zubair said on Tuesday that the China-Pakistan Economic Corridor (CPEC) project offers unique opportunities to revitalise Pakistan’s hotel and hospitality industry. Addressing the annual convocation of National Institute of Culinary Art and Hotel Management, Zubair said the mega project will pave way

Pakistan Navy Warship In Singapore Event

Pakistan Navy Ship ZULFIQUAR with embarked helicopter (Alouette) recently undertook goodwill cum training visit of Singapore and participated in Republic of Singapore Navy’s (RSN) 50th anniversary celebrations. During its stay at Singapore port, the ship actively participated in International Maritime Review (IMR) 2017, International Maritime

CPEC May Further Ignite India-Pakistan Tension: UN Report

A UN report has stated concerns that the China-Pakistan Economic Corridor may create more tension between India and Pakistan. The report titled ‘The Belt and Road Initiative and the Role of Escap’ was released by the UN’s Economic and Social Commission for Asia and the

ISPR Rubbishes Indian Claim Of Destroying Pakistani LoC Checkpost

Pakistan Army on Tuesday rubbished Indian claims of destroying a Pakistani post along the Line of Control (LoC). “Indian claims of destroying Pakistani post along LoC in Naushera Sec and firing by Pakistan Army on civilians across LoC are false,” said DG ISPR Major General Asif

A Whopping Rs272b For Special Schemes

ISLAMABAD: The government has set aside a whopping Rs272 billion – 27% of the proposed federal development budget – for special programmes and prime minister and parliamentarians’ pet schemes, thinning out already scarce resources and delaying execution of hundreds of projects. Diverting as much as Rs242

KP Signs Deal To Build $4.4bn CPEC City Among Four Projects Worth $11bn

The Khyber Pakhtunkhwa (KP) government and Frontier Works Organisation (FWO) have signed agreements on four separate mega developmental projects worth $11 billion. “The government has signed an agreement with FWO for the construction of CPEC city on Motorway near Swabi,” KP Chief Minister Pervez Khattak