Khyber-Pakhtunkhwa Water Resources Development Project has been given the Asian Development Bank’s (ADB) approval, and $3.60 million in concessional ordinary capital resources financing has been provided. According to the project documentation, the Pakistani government asked the ADB for Project Readiness Financing (PRF) to get the Khyber-Pakhtunkhwa Water Resources Development ProjectRead More →

Uber Technologies announced on Tuesday that it has reached an agreement to connect its ride-hailing app with Italy’s top taxi dispatcher in order to expand its footprint in the eurozone’s third-largest economy. The move is part of Uber’s aim of partnering with established cab companies to capitalise on a reboundRead More →

MILAN/BERLIN: Following conversations with the European Union, Germany and Italy advised firms they could create rouble accounts to keep buying Russian gas without breaking sanctions, according to sources. The argument over Russia’s insistence that international gas importers pay in roubles has put European countries’ commitment to adopt a firm stanceRead More →

Weekly inflation in the Pakistan increased to 1.42 percent. According to data, live chicken increased in price by Rs 28.26 per kg, lentils increased by Rs 14.88, gramme lentils increased by Rs 6.54, and mash lentils increased by Rs 5.18 per kg, while a 20 kg bag of flour increased inRead More →

Nestle SA said on Tuesday that it is transporting baby formula supplies from the Netherlands and Switzerland to the United States to help alleviate a shortage in American stores. Nestle said in an emailed statement to Reuters that it is shifting Gerber baby food formula from the Netherlands and AlfaminoRead More →

In the interbank market on Tuesday, the Pakistani rupee plummeted further against the US dollar, reaching an all-time high of Rs195.44. According to the Forex Association of Pakistan, the US dollar broke through the 195-mark at the start of the day as the greenback gained Rs1.25 in the interbank market.Read More →