Pakistan Today

Prime Minister Imran Khan’s announcement that Pakistan would seek to take a step back from its recent policy of promoting coal-fired power plants was unexpected, and as of this writing, remains unclear as to its precise implications with respect to existing plants as well as those on the verge of coming online onto the national grid. Nonetheless, the statement...

It is not the first time the technology company has signed a deal of this size

Coal may be the dirtiest fuel, but there exist several viable options to continue using indigenous coal while reducing carbon emissions

ISLAMABAD: Although Pakistan International Airline (PIA) has announced a reduction in fare for its flights to Gilgit Baltistan (GB), residents of the area have expressed dismay over the impact of the cut on one way only. People from the country's northern region usually travel South to avoid harsh weather conditions in the winter, and were expecting to see a difference...

PESHAWAR: The government of Khyber Pakhtunkhwa (KP) has decided to implement the same account system as Punjab, developed in collaboration with the World Bank, to overcome financial difficulties. According to sources with first hand information of the matter, According to sources, more than 50 of 129 Tehsil Municipal Administrations (TMAs) in the province are facing financial difficulties and cover all their...

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi's visit to the United Arab Emirates (UAE) is another opportunity for Pakistan and the Emirates to reaffirm their commitment towards strengthening ties in areas of trade and investment, the Foreign Office (FO) has said in a statement. According to the statement issued on Saturday, besides economic matters, the two sides also shared views on...

LAHORE: All Pakistan Textile Mills Association (APTMA) has demanded the federal government to stop Federal Board of Revenue (FBR) from harassing taxpayers and withdrawing all FIRs lodged against genuine manufacturers and exporters. In this regard, APTMA Chairman Adil Bashir in a press release on Saturday said that exports from Pakistan had registered an impressive uplift over the last few months but...

NEW YORK: Shares of Tesla Inc rose to a record high on Friday in a frantic day of trading as investors geared up for the electric carmaker’s much anticipated entrance into the benchmark S&P 500 index. The company headed by billionaire Elon Musk on Monday will become the most valuable ever admitted to Wall Street’s main benchmark, accounting for over...

The government has arranged 12 LNG cargoes for January 2021 In order to meet the energy demand of the country, the Petroleum Division announced on Saturday. In a statement on the country’s gas position, a spokesperson of the Petroleum Division said that one cargo that was scheduled for December 30 and was intended to supply for January, 2021, has been moved...

Pakistan’s textile and clothing exports grew by 4.88 per cent year-on-year to $6.04 billion  during the first five months (July-Nov) of the current financial year (FY2020-21), as compared to the corresponding period of last year. In November, export proceeds were up by 9.27pc from a year ago. In October, export proceeds were up by 6.18pc and in September, they grew...

ISLAMABAD: More than 500 Japanese IT companies would come to Pakistan once the pandemic subsides as the country expects to face a shortage of 800,000 IT engineers by 2030. This was stated by Japanese Ambassador to Pakistan Kinnori Matsuda in a meeting with Special Assistant to Prime Minister (SAPM) on Overseas Pakistanis and Human Resource Development Zulfikar Bukhari to discuss the...

COLORADO: Suspected Russian hackers who broke into U.S. government agencies also spied on less high-profile organizations, including groups in Britain, a U.S. internet provider and a county government in Arizona, according to web records and a security source. More details were revealed on Friday of the cyber espionage campaign that has computer network security teams worldwide scrambling to limit the...

WASHINGTON: President Donald Trump on Friday signed legislation that would kick Chinese companies off U.S. stock exchanges unless they adhere to American auditing standards, the White House said, giving the Republican one more tool to threaten Beijing with before leaving office next month. “The Holding Foreign Companies Accountable Act” bars securities of foreign companies from being listed on any U.S....

LAHORE: Taking advantage of overreliance on oil tankers for fuel supplies, the All Pakistan Oil Tankers Owners Association (APOTOA) has once again pressurized the government to withdraw orders aimed at reducing traffic jams and improving road safety. On December 16, the tankers' association had announced a strike to protest the Rawalpindi district administration's decision to bar the entry of oil...

Federal Finance and Revenue Minister Dr Abdul Hafeez Shaikh has said that telecom is one of the fastest growing segments of Pakistan's economy and is a key driver for growth and employment generation in the country. The finance minister said this during a virtual meeting with Telenor Group Global President and CEO Sigve Brekke on Friday. The finance minister appreciated the...