HeadlinesPM urged to set wheat support price to avoid $1 billion import bill
Food ministry warns that not setting support prices and procurement targets might deter farmers from cultivating sufficient wheat for local consumption
Oct 24, 2024
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Headlines
World Business NewsBoeing reports $6 billion quarterly loss amid prolonged strike
Union vote on contract proposal looms as Boeing seeks to mend management-labor relations and rebuild its aerospace leadership.
Oct 24, 2024
EconomyPakistan's govt expenditure to rise to 21.4% of GDP in 2025: IMF
Country’s gross government debt is expected to climb from 69.2% of GDP in 2024 to 71.4% in 2025, report
Oct 24, 2024
HeadlinesPakistan’s power generation falls by 6% in September as costs soar and solar adoption rises
With a 6% YoY drop in power generation, Pakistan faces rising fuel costs and an increasing shift toward solar energy, as more consumers move off-grid to combat high electricity prices
Oct 23, 2024
World Business NewsGlobal economy to grow by 3.2% in 2025 amid persistent inflation, geopolitical risks: IMF
IMF forecasts global economic growth of 3.2% in 2025, as rising energy costs, inflation, and geopolitical tensions continue to weigh on recovery efforts in both advanced and emerging markets
Oct 23, 2024
HeadlinesPakistan sees uptick in imports from India despite trade suspension
Imports from India rise to $2.33 million in August 2024, reflecting an ongoing dependence despite halted official trade relations.
Oct 23, 2024
HeadlinesIMF forecasts Pakistan's growth at 3.2% for 2025 as it warns of persistent inflation
Pakistan's economy faces a slow recovery with inflation remaining high, rising public debt, and unemployment challenges, while gradual improvements hinge on structural reforms and fiscal discipline
Oct 23, 2024
HeadlinesGovt revises power deals with eight bagasse-fired IPPs
These agreements are projected to save Rs 85 to 100 billion and reduce power tariffs by Rs 8 billion
Oct 23, 2024
HeadlinesPakistan seeks additional $1.5 to $2 billion for climate initiatives in IMF program
Augmentation of existing $7 billion EFF with climate finance on agenda at IMF/World Bank meeting in Washington DC
Oct 22, 2024
HeadlinesIPPs on brink of default as govt halts payments amid contract renegotiations
Suspension of payments has sparked concerns, with power producers warning of debt defaults
Oct 22, 2024
HeadlinesRefinery upgrades, worth $6bn, in jeopardy as tax issues stall progress
Unresolved sales tax exemptions threaten vital investment and could derail Pakistan’s energy security efforts as industry leaders urge immediate government intervention to secure critical upgrades
Oct 22, 2024
HeadlinesPSO waives Rs16.2bn in interest charges for five IPPs
PSO reaches settlements, will receive Rs14.8bn in principal payments, and ROUSCH power plant to transfer to government by end of 2024
Oct 22, 2024