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Business & Economy Published 07 Nov, 2024 10:52am

Govt to decrease electricity price by Rs8-10 in winter

Electricity demand typically drops by 8,000 to 10,000 MW during winter

Business & Economy Published 06 Nov, 2024 11:06am

IMF to dispatch mission to Pakistan next week for $7b bailout package evaluation

Nathan Porter will lead the delegation to review progress on 40 conditions

▶️ Pakistan Updated 05 Nov, 2024 12:05am

State Bank of Pakistan cuts policy rate more than expected

Monetary Policy Committee reduces policy rate by 250 bps to 15%

Business & Economy Published 02 Nov, 2024 06:22pm

Risk of Rs500b mini-budget looms as govt fails to meet IMF demands

Sources say Pakistan will have to present two to three mini-budgets

Business & Economy Published 25 Oct, 2024 03:48pm

Pakistan fails to meet IMF cash surplus target, shortfall reaches Rs182b

The provinces collectively reported a cash surplus of only Rs160 billion

Pakistan Published 24 Oct, 2024 09:31am

Pakistan to auction Pakistan International Airlines on October 30

Gul Asghar explained that PIA's operational assets have been separated for the auction

Business & Economy Published 23 Oct, 2024 10:46am

IMF projects Pakistan’s economic growth at 3.2% amid high inflation

IMF highlights the ongoing global economic challenges

Business & Economy Published 22 Oct, 2024 07:19pm

IMF predicts slightly slower global growth in 2024 and 2025

IMF also estimates that global inflation will continue to ease

Pakistan Published 22 Oct, 2024 01:27pm

Pakistani delegation briefs IMF about measures taken to improve economy

The delegation also met with IMF Director Jihad Azour

Business & Economy Published 21 Oct, 2024 03:49pm

Pakistan requests additional $2b from IMF to tackle climate change challenges

Pakistan requested an additional $1.5 billion loan from IMF on Sept 27 due to climate issues

Business & Economy Updated 28 Sep, 2024 01:14am

SBP receives $1b IMF tranche amid new financing assurances

IMF Pakistan mission chief did not share details of additional financing amounts

Business & Economy Published 26 Sep, 2024 11:19am

IMF disburses first tranche of $1b in Pakistan’s bailout package

Kristalina Georgieva emphasizes positive reforms as inflation continued to decline in Pakistan

Business & Economy Updated 24 Sep, 2024 10:01pm

Finance Minister Aurangzeb optimistic about IMF review

IMF’s board is set to convene on September 25 to evaluate the EFF for Pakistan

Business & Economy Published 24 Sep, 2024 01:18pm

Circular debt in power sector could hit Rs2.8 trillion despite 51% electricity price hike

The agreement with the IMF stated that govt plans to allocate Rs381 billion in subsidies

World Published 24 Sep, 2024 11:23am

IMF ready to discuss bailout with Sri Lanka’s new govt

People’s Liberation Front party does not intend to abandon the IMF agreement

Business & Economy Published 16 Sep, 2024 08:23pm

Pakistan’s $7b loan programme included in IMF board meeting

IMF Executive Board meeting will be held on September 25

World Published 14 Sep, 2024 02:20pm

Maldives declares no need for IMF bailout amid financial troubles

Zameer expressed confidence in the situation

Business & Economy Updated 14 Sep, 2024 12:26am

PSX continues with bullish trend, gains 315 more points

KSE-100 index closes at 79,333.06

Pakistan Updated 13 Sep, 2024 12:25am

IMF board to discuss Pakistan programme on September 25

PM Shehbaz says ‘friendly’ countries have helped Pakistan meet requirements necessary to secure IMF bailout

Pakistan Published 11 Sep, 2024 04:21pm

Punjab govt withdraws Rs14 subsidy electricity amid IMF pressure

The federal govt had postponed implementation of a 51% increase in electricity prices

Pakistan Updated 09 Sep, 2024 07:15pm

Pakistan secured $57.27 billion in external loans over last five years

South Asian country seeks $7b loan package from IMF this year

Business & Economy Published 02 Sep, 2024 01:19pm

Pakistan proposes plan to IMF for electricity price cut

Rs2.8 trillion will be used to close down inefficient power plants

Pakistan Published 20 Aug, 2024 09:41am

IMF’s $7b bailout faces uncertainty as executive board schedule excludes Pakistan

Finance minister had hinted at possibility of board meeting at August end

Business & Economy Updated 19 Aug, 2024 07:11pm

Pakistan’s case not on IMF agenda

International lender releases executive board meeting calendar

Business & Economy Published 17 Aug, 2024 10:47am

Power Division willing to share IPP agreements with NA standing committee on power

The electricity prices were increased due to the pressure of IMF: Secretary Power

Business & Economy Published 01 Aug, 2024 03:52pm

Reforms must to make EFF last IMF programme

SBP directs manifestations of macroeconomic stability under the leadership of Shahbaz Sharif

Business & Economy Updated 29 Jul, 2024 05:37pm

Fitch upgrades Pakistan’s credit rating to CCC+ after IMF deal

Says upgrade reflects greater certainty over the continued availability of external funding

Business & Economy Published 28 Jul, 2024 05:47pm

Pakistan initiated talks on reprofiling Chinese power sector debt in Pakistan

Islamabad is looking to appoint local adviser in China for purpose

Business & Economy Published 19 Jul, 2024 06:54pm

Pakistan is looking for external financing avenues, says finance minister

Aurangzeb says meeting the external financing gap was ‘very manageable and very doable’

Business & Economy Published 16 Jul, 2024 09:33pm

IMF sees steady global growth, warns of slowing disinflation momentum

IMF kept its 2024 global real gross domestic product growth forecast unchanged from April at 3.2%