Railways revenue target hiked from Rs28 billion to Rs31 billion: Saad
LAHORE: Railways Minister Khawaja Saad Rafique has revealed that 70 locomotives would be dedicated for freight sector of Pakistan Railways before the end of fiscal year 2014-15. He also said that the...
View ArticleMian Anjum calls for early construction of Kalabagh Dam
LAHORE: Decision of continuous electricity supply to the industrial sector would not only give breathing space to the industry but would also increase GDP and national exports. This was stated by the...
View Article$45 investment: China set to build $3b LNG pipeline, terminal at Gwadar
ISLAMABAD: China will lay pipeline from Gwadar to Nawabshah and construct the terminal for liquefied natural gas (LNG) handling and re-gasification facilities and to develop large storages at an...
View ArticleSingapore’s 3D map of country to cost $73 million
SINGAPUR: Singapore is planning a 3D map for the entire country which is complete in 2017, detailed map of Singapore will show virtual 3D replicas of trees, roads, car park lots, buildings and all...
View ArticleBangladesh govt approves TK3 billion to stop gold smuggling
DHAKA: Prime Minister Sheikh Hasina has finally approved the four airports security plan, including Shahjalal and Shah Amanat, at a cost of TK 3 billion to prevent gold smuggling. The decision follows...
View ArticleDec 12 power breakdown: 3 officials including Guddu CEO suspended
ISLAMABAD: The Guddu CEO along with two other officers was suspended on charges of negligence that plunged parts of the country into darkness on Dec 12. According to the Prime Minister’s media office,...
View ArticleJapan’s Abe to spend up to $30b to revive country’s regions
TOKYO: Japan will spend up to $30 billion in a stimulus package to revive the country’s regions but will keep new bond issuance in check, highlighting the tough balance Prime Minister Shinzo Abe must...
View ArticleFalling prices: Norway’s oil wealth expenditure in 2015 to reach record 6.4%
OSLO: The fall in oil prices from record high levels above USD 100 a barrel to just around USD 60 has fueled fears of economic contraction, higher unemployment and lower wage growth. Norway’s state...
View ArticleJapan’s ruling coalition approves cut in corporate taxes to boost economic...
TOKYO: Japan’s ruling coalition, by Prime Minister Shinzo Abe to boost profitability and bolster economic growth, has approved a tax reform plan that will cut corporate taxes from April and pledges...
View Article5600MW of power in 3 yrs: Govt adopts two-pronged policy to address energy...
ISLAMABAD: Under a two pronged strategy, the government, in short-term policy, envisages an immediate measure to generate 1,000MW electricity based on well-head gas in areas under Hesco and Sepco....
View ArticleHarper says Bank of Canada policy restrictive after cut
OTTAWA: Canadian Prime Minister Stephen Harper said the Bank of Canada’s surprise interest rate cut this week was appropriate, noting the deep decline in crude oil prices would pose significant...
View ArticleVietnamese Prime Minister approves development project with $273b US funding
HANOI: Prime Minister Nguyen Tan Dung has approved funding for a project to strengthen the power infrastructure in Hanoi and Ho Chi Minh City.The project will be financed with loans worth around US$273...
View ArticlePedro says ‘No’ to Greece on debt re-negotiations
LISBON: “I won’t be joining any group that may be proposed to restructure the debt,” Mr. Pedro Passos Coelho told lawmakers in parliament after one of them said the new Greek government planned to call...
View ArticleTony Abbott assures 1.5% tax cut for small businesses
Abbott promises 1.5pc small business tax cut CANBERRA: In order to reclaim his leadership with a promise to change direction on policy, Australia’s Prime Minister Tony Abbot has guaranteed a 1.5% tax...
View ArticleAustralia’s Prime Minister Tony Abbott assures 1.5pc tax cut for small...
CANBERRA: In order to reclaim his leadership with a promise to change direction on policy, Australia’s Prime Minister Tony Abbot has guaranteed a 1.5% tax cut for small businesses, that would be...
View ArticleGreece anti-austerity govt faces its toughest challenge of bailout
ATHENS: Greek Prime Minister Alexis Tsipras has said that his anti-austerity government now faces its toughest work as in first public reaction deal made to extend bailout for four months. The Greek...
View ArticleItaly PM okays $6.7 billion plan for ultra-fast broadband grids
ROME: Italian Prime Minister Matteo Renzi’s cabinet approved a plan to use 6 billion euros of public funds ($6.7 billion) to encourage phone carriers to boost high-speed networks in the country. The...
View ArticleIndia launches nation’s first air quality index to monitor air pollution
DELHI: As reported by the Hindustan Times, Prime Minister Narendra Modi has just launched a national air quality index, aiming to both raise awareness about pollution problems and incentivize a change...
View ArticleJordan’s Prime Minister inaugurates 573MW capacity power generation plant
AMMAN: The Prime Minister Abdullah Ensour, inaugurated a 573MW power generation plant in Al Manakher area east of Amman. The station, which was constructed by the Amman Asia Electric Power Company,...
View ArticleTurkey Deputy PM Babacan predicts world economic outlook ‘better’ in 2015
ANKARA: Turkey’s Deputy Prime Minister Ali Babacan depicted a more positive global economic outlook for the remainder of 2015 compared to 2014, despite major concerns over slow progress in economic...
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