HeadlinesNEPRA imposes Rs50mn fine on power firm for misleading tariff filings
The regulator also issued show-cause notices to two other power entities for violating rules and regulations after a nationwide blackout in 2021
Oct 18, 2024
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HeadlinesTextile exports surge by 18pc YoY in October despite sectoral challenges
Pakistan's textile exports saw robust growth in October, driven by shifting demand from Bangladesh and stable currency, though structural issues and taxation challenges loom
Oct 18, 2024
HeadlinesPRL refutes reports of $1bn investment agreement with Chinese firm
PRL clarifies that no investment deal has been finalized with a Chinese company, despite recent media reports suggesting otherwise
Oct 18, 2024
HeadlinesUS seeks special creditor status for $1bn loan to Pakistan's Reko Diq project
The US pushes for preferred creditor status as it looks to lend $1 billion for the Reko Diq project, but Pakistan is cautious about the potential implications for future deals with other nations
Oct 18, 2024
HeadlinesPakistan’s forex reserves surge past $11bn, highest in 30 months
Steady inflows from IMF and remittances boost reserves, improving import cover and stabilizing the rupee
Oct 18, 2024
Major tax fraud uncovered: Rs14 billion evaded through fake transactions
Investigation reveals extensive manipulation and security breaches within the tax system, implicating organized crime and negligent oversight
Oct 17, 2024
HeadlinesPakistan’s oil and gas production declines in Q1FY25 due to disruptions
Production drops by 8% for oil and 7% for gas, with earnings of major E&P companies projected to fall due to lower output and higher costs
Oct 17, 2024
HeadlinesAround 1.1 billion trapped in severe poverty, nearly half in conflict zones: UN report
Almost half a billion people living in conflict-affected areas are battling severe poverty, UN calls for urgent global action
Oct 17, 2024
HeadlinesChinese firm to invest $1bn in major PRL expansion, doubling refinery output
PRL secures $1 billion investment from China, with plans to boost production capacity while ensuring no government interference in the repayment process
Oct 17, 2024
HeadlinesGovt repays Rs92bn bank loans as liquidity surges
Government's liquidity boost, aided by SBP dividends and fiscal discipline, leads to significant debt repayment, easing borrowing pressure on banks
Oct 17, 2024
HeadlinesIMF recommends Pakistan invest 1% of GDP in climate resilience
The international lender emphasizes investment in adaptation to combat extreme weather impacts and enhance economic stability.
Oct 17, 2024
HeadlinesPakistani fintech Abhi secures $15m to expand financial inclusion in UAE
Abhi secures $15 million in credit financing to scale its earned wage access in the UAE, further driving financial inclusion for underserved workers
Oct 16, 2024