EconomyIMF to finalise $1.1bn tranche for Pakistan by end of this month: official
Lender ready for discussions on new loan program for Pakistan, says IMF’s communication director"
Apr 5, 2024
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Economy
HeadlinesRs250mn fine imposed on five Discos for illegal load-shedding
This action marks the first instance of Nepra penalising companies for revenue-based load shedding
Apr 5, 2024
HeadlinesHonour Card Scheme launched for leading exporters, taxpayers
Eligibility for the card is limited to 65 top-performing exporters and compliant taxpayers
Apr 5, 2024
HeadlinesSBP’s reserves rise $19mn, now stand at $8.04bn
Total liquid foreign reserves recorded at $13.37 billion as of March 29, 2024
Apr 4, 2024
HeadlinesS. Arabia plans $1bn investment in Reko Diq project, aims to acquire stakes in energy giants
Prime Minister establishes a high-level committee to oversee the investment process in the Reko Diq project
Apr 4, 2024
HeadlinesGold price reaches all-time high of Rs241,000 per tola in Pakistan
Silver prices in Pakistan have also increased, with the rate per tola rising by Rs40 to reach Rs2,650
Apr 4, 2024
HeadlinesPak Elektron to incorporate wholly-owned foreign subsidiary in UAE
Subsidiary will be primarily engaged in commercial trading with import, export, distribution, and warehousing
Apr 4, 2024
HeadlinesEngro signs share purchase agreement with consortium for sale of thermal energy assets
Agreement signed for sale of Engro Energy’s entire 68.9% shareholding in Engro Powergen Qadirpur, 50.1% in Engro Powergen Thar, 11.9% in Sindh Engro Coal Mining Company
Apr 4, 2024
HeadlinesCircular debt in energy sector rises to Rs5.5tr, WB urges further reforms
World Bank says that Pakistan has the highest energy subsidies in South Asia, amounting to about 0.9% of its GDP
Apr 4, 2024
EconomySBP raises Rs557.6bn from Market Treasury Bills auction
5-year Floating Rate Bonds raise only Rs5.4 billion, falling short of Rs200 billion target
Apr 4, 2024
HeadlinesPSX's KSE-100 Index makes historic surge beyond 68,000 level
Market expected to return its focus to IMF talks, upcoming MPC meeting, and corporate results post Eid holidays, report
Apr 4, 2024
HeadlinesLocal investors retreat from Shell Pakistan stake purchase
Decision to withdraw is followed by a deal between Shell’s parent company and a Saudi Arabian group
Apr 4, 2024