Gas industry calls for ramping up production

A hydrocarbon facility in Qatar. PHOTO: oilandgasmiddleeast.com ISLAMABAD: The local gas industry has welcomed the US-Iran ceasefire by terming it a gateway to substantive future progress in international oil and gas trade, which will lower global inflation and fiscal pressure by normalising trade routes. The regional development will also lead to significant progress in Pakistan’s…

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G-B motorway project gains momentum

Serves alternative to Karakoram Highway and reduce travel distance by 100 kilometres ISLAMABAD: Gilgit-Baltistan Governor Syed Mehdi Shah on Thursday called on Federal Minister for Communications Abdul Aleem Khan to discuss infrastructure development and improvement of road networks in the region. The meeting discussed the proposed Motorway Project from Mansehra, Naran, Kaghan, and Babusar Top…

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Zalmi crush Kings in PSL record rout

Kusal Mendis and Babar Azam powered Peshawar Zalmi to a record-breaking 159-run victory over Karachi Kings. Photo: PSL/FILE Karachi Kings suffered the heaviest defeat in Pakistan Super League history on Thursday as Peshawar Zalmi stormed to a 159-run victory, powered by a brutal century from Kusal Mendis and an unbeaten 87 from Babar Azam. Both…

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World Bank cuts GDP forecast to 3%

The International Monetary Fund logo is seen during the IMF/World Bank spring meetings in Washington, U.S., April 21, 2017. REUTERS ISLAMABAD: The World Bank on Thursday cut Pakistan’s economic growth forecast to 3% for this fiscal year due to adverse implications of the Middle East war, which is significantly lower than the estimates that Islamabad…

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Villa reach Europa League semis

MADRID: Ollie Watkins scored twice as Aston Villa beat Bologna 3-1 in their Europa League quarter-final, first leg on Thursday, while Nottingham Forest held Porto 1-1 thanks to a comical own goal from Martim Fernandes. Freiburg also have one foot in the last four after beating Celta Vigo 3-0.Villa boss Unai Emery is aiming to…

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SBP reserves rise $19m to $16.4b

State Bank of Pakistan. Photo: File KARACHI: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) recorded a modest increase of $19 million on a weekly basis to reach $16.4 billion, according to the latest data released by the SBP. The country’s total liquid foreign reserves stood at $21.89 billion, indicating a…

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Sindh CTD arrests suspected target killer linked to banned outfit in Karachi

Suspected target killer linked to banned group arrested in Karachi joint operation. PHOTO: EXPRESS KARACHI: The Counter-Terrorism Department (CTD) Sindh, in a joint operation with a federal intelligence agency, arrested a suspected target killer linked to the banned outfit Zainabiyoun Brigade on Friday near University Road, Karachi. According to a statement issued by the CTD,…

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