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
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Headlines
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
EconomyGovt fails to secure $9bn debt rollovers, receives only $426mn in July
IMF loan package faces delays as Pakistan struggles with foreign debt rollovers
Aug 28, 2024
HeadlinesForeign energy suppliers hesitant to store fuel in Pakistan under existing policy
Petroleum Division to discuss amendments aimed at attracting foreign investment
Aug 28, 2024
HeadlinesTask force formed to prepare plan for $8bn CPEC energy debt reprofiling
Joint team of Pakistani and Chinese experts to draft initial plan for debt restructuring under which the repayment could be extended for five years
Aug 28, 2024
HeadlinesFederal cabinet approves rightsizing of 82 departments in first phase
Cabinet also establishes a committee to propose measures for protecting the rights of employees affected by these mergers
Aug 28, 2024
HeadlinesFBR dismisses rumors of legalizing smuggled vehicles
FBR confirms no plans to legalize smuggled vehicles, urges public to ignore false claims
Aug 27, 2024
HeadlinesDealCart and NayaPay shine on Forbes ‘Asia 100 to Watch 2024’ list
Pakistani startups DealCart and NayaPay earn global recognition for innovation in E-Commerce and Fintech
Aug 27, 2024
HeadlinesPakistan targets $4 billion from Middle Eastern banks by FY26: SBP Governor
Aug 27, 2024
HeadlinesIran issues final notice, warns of legal action over delayed IP Gas Pipeline
Tehran’s move to Paris Arbitration Court could result in a penalty of $18 billion against Pakistan
Aug 27, 2024
HeadlinesGovt considers prepaid electricity meters to combat power theft
Prepaid system aims to reduce theft and defaults, alongside reforms in debt and coal usage.
Aug 27, 2024
HeadlinesSaudi Arabia offers to buy 15% stake in Reko Diq
Negotiation committee to be formed as Pakistan considers Saudi investment proposal and infrastructure grant.
Aug 27, 2024