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ISLAMABAD: The International Monetary Fund (IMF) has forecast a gradual improvement in Pakistan’s fiscal indicators over the next five years,...
• Fund projects growth at 3.6pc, higher than World Bank’s 2.6pc forecast • Global growth forecast to slow to 3.2pc in 2025, 3.1pc in 2026...
ISLAMABAD: The government has constituted a two-member committee to probe into contradictory statements regarding outstanding dues against Cnergyico...
ISLAMABAD: The authorities are hopeful for the finalisation of a staff-level agreement (SLA) with the International Monetary Fund (IMF) during...
• Forms committee to investigate ‘self-awarded’ pay hikes • Panel will also examine salary delays at state-run media ISLAMABAD: Amid rising...
• World Bank cuts forecast by 0.5pc, predicts inflation may shoot to 7.2pc; exports to decline 1.5pc • WB official says removing barriers to...
• Employees to pay 10pc, govt 12pc • Pension liabilities rise to Rs1.055tr in 2024-25, driven by armed forces pensions ISLAMABAD: With some...
• Flood challenges, missed revenue targets dominate policy-level talks with IMF • FBR, Punjab and Sindh govts under critical scrutiny for missing...
ISLAMABAD: Pakistan’s total public debt rose by 13 per cent to Rs80.6 trillion by the end of FY25, driven mainly by a fiscal deficit of Rs7.1tr and...
• Seeks rationalised plan for costs linked to reopening Roosevelt Hotel • Barter trade rules with Afghanistan, Iran, Russia overhauled to ease B2B...
ISLAMABAD: The Asian Development Bank (ADB) has maintained Pakistan’s growth forecast for the current year at three per cent, while revising its...
• Increase in Consumer Price Index seen at 3.5-4.5pc in September • Finance ministry says economic activity remains ‘broadly stable’ •...
ISLAMABAD: After several months, a fuel cost adjustment will add Rs2 per unit to the burden of power consumers across the country, including Karachi,...
Finance Minister Muhammad Aurangzeb chairs a meeting with the visiting IMF review mission at the Finance Division.—APP ISLAMABAD: An...
ISLAMABAD: Pakistan’s largest export body, the All Pakistan Textile Mills Association (Aptma), has questioned government targets to expand...
ISLAMABAD: As a visiting mission of the International Monetary Fund (IMF) reviews Pakistan’s fiscal and monetary performance and outlook, the...
ISLAMABAD: Despite securing Rs1.225 trillion in new financing from commercial banks to reduce circular debt, the power sector will remain vulnerable...
ISLAMABAD: Foreign assistance inflows to Pakistan almost doubled to $1.377 billion in the first two months (July-August) of the current fiscal year,...
• Govt faces tough task as it seeks flood-related relaxations • Fund questions use of emergency funds, delays in governance reforms • $1bn...
ISLAMABAD: The government on Wednesday signed loan facilities worth approximately Rs1.225 trillion with 18 banks to settle the outstanding dues of...
ISLAMABAD: Amid a high-stakes tussle, Sui Northern Gas Pipelines Limited (SNGPL) has deferred the allocation of pipeline capacity to a third party for...
• Reservoirs hold more than 13.1MAF water, 99pc of peak capacity • Tarbela reaches full conservation level of 1,550 feet; Mangla nearly filled to...
ISLAMABAD: The government on Thursday approved definitive agreements and financial commitments for the revised cost of $7.723 billion for the first...
ISLAMABAD: The government on Tuesday asked the gas utilities and Oil and Gas Regulatory Authority (Ogra) to start processing new gas connections to...
• Audit reveals widespread discrepancies, tax evasion, underinvoicing, solar panel money laundering scam • Report warns green channel clearances...
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Friday imposed a fine of Rs248 million on Gujranwala Electric Power Company...
• ADB, AIIB to back $250m green bond for hospitals, power and water schemes • CDWP clears projects worth Rs236bn ISLAMABAD: Pakistan has secured...
ISLAMABAD: Senators on Wednesday called for the abolition of ‘conflict of interest’ clauses in the laws regulating the State Bank of Pakistan...
ISLAMABAD: The Public Sector Development Programme (PSDP) has had a sluggish start this fiscal year, with only Rs5.3 billion spent in the first two...
ISLAMABAD: The government announced on Monday that Pakistan and China had agreed to form a consortium of bilateral and multilateral partners to...
ISLAMABAD: As the Lahore-based Sui Northern Gas Pipelines Limited (SNGPL) continues, even in summers, with unannounced rationing of natural gas amid...
ISLAMABAD: With limited progress on reforms and over Rs4.6 trillion in accumulated liabilities, Pakistan’s energy sector continues to strain the...
ISLAMABAD: The Pakistan Business Forum (PBF) has called for the immediate declaration of an agricultural emergency as widespread flooding devastates...
ISLAMABAD: The Senate Standing Committee on Finance and Revenue on Wednesday recommended that members and staff of the Pakistan Virtual Asset...
ISLAMABAD: The Water and Power Development Authority (Wapda) has sought about a 91 per cent increase in its revenue requirement to Rs365 billion for...
• AGP report finds Rs507bn scheme plagued by tunnel collapses, delays and cost overruns • Flagship project falls short on water rights, power...
ISLAMABAD: Despite strong reservations from the ministries of finance and power, the government has approved a dollar-based guaranteed return on the...
• MoF says Rs1.133tr repaid on Aug 29, on top of Rs500bn cleared in June; total early repayments cross Rs2.6tr • Central bank debt reduced to...
• Govt focusing on completion of ongoing projects of national importance, Senate panel told • Fund’s ‘Diagnosis Report’ flags poor...
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Thursday approved about Rs40 billion to wind up the Utility Stores Corporation...
ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) on Thursday directed all licensed entities in the oil and gas sector to ensure adoption of...
• Commission tasked to develop fresh methodology to share federal divisible resources among Centre, provinces • Federation pushes for provincial...
• Aurangzeb urges innovative instruments, sectoral reforms for long-term resilience • ADB president says ready to assist in launch of inaugural...
• Aurangzeb urges innovative instruments, sectoral reforms for long-term resilience • ADB president says ready to assist in launch of inaugural...
• ECC greenlights Multan-Rawalpindi oil pipeline, Rs3bn flood relief package for Gilgit-Baltistan • Gas levy funds to reduce power tariffs for all...
ISLAMABAD: Pakistan began the new fiscal year with foreign inflows of $695 million in July, a 59 per cent increase compared to the same month last...
ISLAMABAD: The government has removed a senior petroleum division official on orders from the PM Office, following a controversy involving the award...
• First meeting of 11th NFC scheduled for Friday • PTI’s Muzammil Aslam says KP will seek disincentivising population, propose prosperity and...
ISLAMABAD: Power Division’s claim of around Rs800 billion reduction in power sector circular debt is “misleading, artificial and unsustainable”,...
ISLAMABAD: Pakistan’s economic recovery has been stronger than expected, yet the country has failed to seize an opportunity to put its recovery on a...