The review talks between Pakistan and the International Monetary Fund (IMF) have commenced, focusing on the $7 billion loan program. These discussions, which are the first review under this agreement, will take place in two phases. The initial phase will consist of technical-level talks, during which Pakistan and the IMF …
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Pakistan’s trade deficit showed a modest improvement in February 2025, though the country continues to grapple with rising imports and falling exports, according to the latest trade data from the Pakistan Bureau of Statistics (PBS). The trade figures for February, compared with January 2025, reveal a sharp decline in exports. …
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Federal Minister for Power, Sardar Awais Ahmed Khan Leghari, on Monday participated in a detailed session with Power Sector International Development Partners to discuss Power Sector Reforms and the way forward. The development partners were led by Najy Benhassine, Country Director for the World Bank, and included representatives from the …
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The Federal Board of Revenue (FBR) has reported an interim revenue shortfall of Rs 601 billion during the first eight months (July to February) of the current fiscal year 2024-25. In February alone, the shortfall stood at Rs 133 billion. On Friday night, a senior FBR official revealed that during …
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The Oil and Gas Regulatory Authority (OGRA) announced a reduction in POL prices for the first fortnight of March on Friday night, according to an official statement from the Finance Ministry. As per the statement, fuel prices have been further reduced for the initial two weeks of March. The revised …
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The federal government has decided to make Gwadar Port fully operational, announcing that 60% of government imports and exports will be routed through it. Addressing the National Maritime Policy Workshop in Islamabad, Federal Minister for Maritime Affairs, Qaiser Ahmed Sheikh, emphasized the critical role of the maritime sector in Pakistan’s …
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Hutchison Ports, one of the world’s leading port networks, presented its $1 billion investment plan to Finance Minister Muhammad Aurangzeb on Friday for the modernization of Pakistan’s port infrastructure. Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, recently convened with a high-level delegation from Hutchison Ports, led by Andy …
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The Ministry of Finance has expressed concerns about a potential rise in inflation ahead of Eid al-Fitr. According to the latest report of the Finance Ministry, inflation in March is projected to range between 3 to 4 percent, while in February, it is expected to remain between 2 to 3 …
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The Pakistan Telecommunication Authority (PTA), during a briefing to the Senate Committee on IT and Telecom, highlighted the need for a larger spectrum to implement 5G while acknowledging several challenges in its rollout. The meeting of the Senate Standing Committee on IT and Telecom, chaired by Palwasha Khan, was held …
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The National Assembly’s Standing Committee on Power was informed that the government has discontinued capacity payments to 22 Independent Power Producers (IPPs). This decision is expected to result in an overall saving of Rs 1500 billion, providing consumers with relief of Rs. 4 to 5 per unit. The meeting of …
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