IN recent years, as Pakistan has hurtled from one catastrophe to another, remittances sent by Pakistani workers living abroad have been a source of some small amount of stability. When foreign investments have seemed scant and aid packages have dried up, workers sending money back to families, investing in and purchasing assets in their home country has served as a reliable source of foreign excha
The MCC Resources Development Co Ltd (MRDL), a Chinese company working on Saindak copper-cum-gold project, on Tuesday celebrated the completion of its 20 years of operations and vowed to continue efforts to develop the mining sector in Pakistan. A ceremony to commemorate the event was attended by MRDL Chairman He Xuping, President Zhang Zhijun, Senior Vice President Muhammad Nawaz Khan, Vice Pr
New Twitter head Elon Musk said on Tuesday the site will charge $8 per month to verify users’ accounts. “Power to the people! Blue for $8/month,” the billionaire entrepreneur tweeted in reference to the platform’s famous blue checkmark, saying the new plan would upend the “current lords & peasants system” and create a new revenue stream for the site. Twitter’s advertising chief, Sarah Person
The government had to relax contractual conditions and shift about Rs50 billion worth of budgetary allocations for electricity subsidies to an escrow account for automatic partial payments to Chinese Independent Power Producers (IPPs) to pacify M/s Sinosure, a Chinese insurance company, into facilitating future projects in Pakistan. This was one of the key outstanding issues hampering the signi
China will continue to support Pakistan in stabilising its financial situation, state media quoted China’s President Xi Jinping as saying on Wednesday. China and Pakistan should move forward more effectively with the construction of the China-Pakistan Economic Corridor (CPEC), as well as accelerate the construction of infrastructure for the Gwadar Sea Port, state media reported Xi as saying.