HeadlinesGovt approves Rs78bn incentive package to boost remittances
Package includes increased incentives for both banks and exchange companies, aiming to sustain the growth in foreign remittances
Aug 30, 2024
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Headlines
HeadlinesECC eases bidding rules for $2bn Karakoram Highway project with China
Foreign-funded projects must ensure revenue generation for debt repayment, committee decides
Aug 30, 2024
HeadlinesFederal govt raises minimum wage to Rs37,000
Government also halts pension payments in foreign exchange for pensioners who are residing abroad
Aug 30, 2024
HeadlinesAbsence of finance minister raises questions as Punjab Cabinet approves electricity subsidy
Cabinet moves forward with Rs14 per unit relief amid speculation over minister’s exclusion due to his remarks on subsidy amount
Aug 30, 2024
HeadlinesNo tax on imported solar panels, affirms Leghari amid push for renewable energy
Power Minister emphasizes government's commitment to encouraging solar energy growth, rejects tax proposals
Aug 29, 2024
HeadlinesFrench agency Proparco explores financing opportunities in Pakistan’s textile sector
French development agency delegation seeks to promote sustainable growth through climate-friendly and green energy projects
Aug 29, 2024
HeadlinesPTA uses Web Monitoring System to block online content, NA told
Controversial system, acquired in 2018, was upgraded in December 2023 and tested on landing stations for submarine internet cables
Aug 29, 2024
HeadlinesGovt to revamp development financial institutions amid concerns of nepotism, mismanagement
Finance minister to oversee restructuring as institutions shift focus from industry lending to government debt investments
Aug 29, 2024
HeadlinesNepra concerned over falling electricity consumption due to high prices, solarization
Discussion highlights impact of reduced demand and system constraints on future energy generation
Aug 29, 2024
HeadlinesPower outages threaten industrial cooperation at Rashakai SEZ, Chinese firm warns
Rashakai Special Economic Zone Development & Operations Company urges swift resolution to power issues to prevent further investor withdrawal
Aug 29, 2024
HeadlinesPTCL reports Rs3.4 billion loss for April-June 2024 as finance costs surge
Despite revenue growth, increased finance costs and operating expenses weigh heavily on earnings
Aug 28, 2024
EconomyMoody’s upgrades Pakistan’s debt ratings, outlook now positive
Credit rating warns that weak debt affordability will continue to pose high debt sustainability risks, with interest payments to consume half of revenue
Aug 28, 2024