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New petroleum policy on the anvil, says PM

Posted by - May 23, 2019

ISLAMABAD: Prime Minister Imran Khan said on Wednesday the government was formulating a new petroleum policy to provide incentives to the oil exploration and production (E&P) companies working in the country. “In order to capitalise on the potential of the sector, the government is working on a new petroleum policy, offering incentives to foreign E&P

Naveed Kamran Baloch appointed secretary finance

Posted by - May 23, 2019

Mohammad Younus Dagha was removed as the secretary finance on Thursday, a notification issued by the Cabinet Secretariat/Establishment Division said. A separate notification announced the transfer of Naveed Kamran Baloch, who was posted as cabinet division secretary, to the role of finance secretary. Baloch has previously served as Khyber Pakhtunkhawa Chief Secretary. He joined the

Oceans could rise six feet by 2100, uproot millions, new study warns

Posted by - May 22, 2019

WASHINGTON: Global sea levels could rise by two metres or 6.5 feet and displace tens of millions of people by the end of the century, according to new projections that double the UN’s benchmark estimates. The vast ice sheets of Greenland and Antarctica contain enough frozen water to lift the world’s oceans dozens of metres. The expansion

Foreign investment halves to $1.4bn

Posted by - May 22, 2019

As the government embarks on an arduous journey to fix the economic imbalances with the help of International Monetary Fund (IMF) bailout, the foreign direct investment (FDI) halved to $1.376 billion during the first 10 months of this fiscal year from $2.489bn in the corresponding period last year. The FDI inflows fell to $101.8 million in

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