$2.4bn Kohala Hydropower Project signed for 1,124MW

$2.4bn Kohala Hydropower Project signed for 1,124MW

After facing a delay of more than four years, the agreement to launch 1,100 MegaWatt Kohala Hydropower Project was signed between Pakistan and China on Thursday.  Taking to twitter, China-Pakistan Economic Corridor (CPEC) Chairman Asim

Dollar gains 58 paisas against Pakistani rupee

Dollar gains 58 paisas against Pakistani rupee

Pakistani rupee on Tuesday lost more than 58 paisas or 0.8 per cent in the interbank market to reach as low as Rs167 before settling at Rs166.50 against the dollar.  The exchange rate has been

Spanner in the works_ Prices have been Unstable

Spanner in the works_ Prices have been Unstable

Spanner in the works: In the absence of a social security network, PAKISTANIS distributes Zakat to support the weaker. Their religiosity, however, does not prohibit them from benefiting from Ramazan. There is a firm prohibition on

SBP fixes Nisab for Zakat deduction on bank accounts

SBP fixes Nisab for Zakat deduction on bank accounts

On Monday, the SBP fixes Nisab for Zakat deduction on bank accounts as the RS46329 for the current year to be nisab for Zakat, according to a declaration. SBP/ Handout through The News "No deduction of