Russia Aims to Double Its Global LNG Market Share By 2025

ISLAMABAD; Oct 25, 2018: Russia seeks to double its liquefied natural gas (LNG) export market share in less than a decade. While Russia tops the list of countries having huge natural gas reserves, it produced less LNG than what the United States did in 2016. Also, Russia’s share in the LNG global export market was about […]

Govt Allows Non-Filer Overseas Pakistanis to Purchase Property

ISLAMABAD; Oct 25, 2018: The government has removed the condition of being a tax-filer for overseas Pakistanis to purchase properties in the country and individuals acquiring properties through inheritance. The decision was taken to alleviate hardships faced by non-resident individuals investing in the real estate sector. The condition which was imposed by previous government increased […]

Israel Receives $777M Contract From India to Supply Missile Defense System For Naval Ships

ISLAMABAD; Oct 24, 2018: Israel’s prime aerospace and aviation manufacturer, the Israel Aerospace Industries (IAI), announced Wednesday it has received a $777 million contract from India to supply long range surface-to-air missile (LRSAM) defense systems for seven of its naval ships. Indian state-owned company Bharat Electronics Limited inked the deal with IAI, according to UPI. […]

Govt Okays Sale of JF-17 Fighter Aircraft to Nigerian Air Force for $184m

ISLAMABAD; Oct 24, 2018: The Economic Coordination Committee (ECC) of the Cabinet has approved sale of three JF-17 aircraft to Nigeria for a sum of $184.3 million against issuance of a certificate of sovereign guarantee rather than sovereign bank guarantee which the Nigerian government has accepted. The Ministry of Defense Production informed the ECC that […]