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The dollar was traded at Rs158.81 on Friday in the inter-bank market.

ECNEC approves nine schemes worth Rs251b Clears Pak-China optical fibre cable project for fast communication between two nations ISLAMABAD: The government on Thursday approved nine mega-development schemes worth Rs251 billion, including an umbrella project worth Rs70 billion to improve its response to the coronavirus pandemic and other calamities. Finance Minister Dr Abdul Hafeez Shaikh chaired the meeting of the Executive Committee of the National Economic Council (Ecnec), which also approved Rs38 billion Pak-China optical fibre cable scheme for fast communication between the two nations. Th...

  ISLAMABAD, Jan. 22 (Gwadar Pro) - Pakistan’s key decision-making body, the Executive Committee of the National Economic Council (ECNEC), Thursday evening approved Rs 37.9 billion worth Pak-China Optical Fiber Cable (OFC) Project Phase II.   Phase-II of the “Pak-China Optical Fiber Cable (OFC) Project for Establishment of Cross-Border OFC Network (Khunjerab-Karachi) Along China Pakistan Economic Corridor (CPEC) Routes” was approved at the total cost of Rs 37.9 billion.    The project will provide alternate path for international connectivity through Northern Border of Pakistan with...

Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired a meeting of the Executive Committee of the National Economic Council (ECNEC)

Story highlights Pakistan received $500 million from the World Bank and the Asian Development Bank each in June this year to prop up its struggling economy The World Bank has approved a USD 300 million loan to help the cash-strapped Pakistan address issues of climate change, health emergency and manage solid waste to reduce flooding chances in the country's financial capital Karachi, a media report said on Thursday. The Washington-based lender approved USD 200 million for the Sindh Resilience project and USD 100 million for the Solid Waste Emergency and Efficiency project, The Express Tribune...