Pakistan, IMF set to hold third round of talks today
The IMF team is visiting to review the macroeconomic situation of Pakistan and is led by its Washington-based Mission Chief, Harald Finger which constitutes of officials from the funds’ Lending Policy Division
Saudi delegation reaches Islamabad, may sign four MoUs
Riyadh is exploring the possibility of setting up an oil refinery at Gwadar and investing in LNG-based power projects in Punjab and a copper and gold project in Balochistan’s Reko Diq
Fearing debt trap, Pakistan rethinks Chinese ‘Silk Road’ projects
The ML-1 rail line is the spine of the country’s dilapidated rail network, which has in recent years been edging towards collapse as passenger numbers plunge, train lines close and the vital freight business nosedives
SBP raises key interest rate by 100 basis points to 8.5 percent
The central bank has downgraded GDP growth to 5.0 percent for FY19 from 5.5 percent previously
Imran Khan’s bid to crowdfund $14 billion for Pakistan dam
The government’s plan is to build two facilities: the Mohmand dam in the country’s northwest, widely seen as feasible, and the much larger, troubled Diamer-Basha project in the north, first mooted in the early 2000s
Govt rejects IMF request seeking details about CPEC
In a meeting on Friday with the Ministry of Finance officials, the US embassy officials raised the issue of transparency in CPEC deals
Rupee downslide restarts, plummets to two-month lows of Rs126 against dollar
The local currency has remained below Rs126 since the end of July when it appreciated against the greenback on news of Pakistan Tehreek-e-Insaf (PTI) winning the general elections
Govt may seek IMF’s help, hints Asad Umar
‘Pakistan could face difficulties if oil prices in global markets do not stabilise’
Furnace oil-based power generation to be phased out over coming few years: Nepra
The power sector regulator opposed any move to reduce power tariff for end-consumers, cautioning any such move being contemplated by the government could impact upcoming power projects
Pakistan has no choice but to seek IMF funding: UNCTAD
The report said a widening of the external debt position which had touched $92 billion or 31 percent of GDP had raised worries about its sustainability
Saudi fund to provide $16mn in grants for infrastructure, health, education
ISLAMABAD:Â The Saudi Fund for Development (SFD) will provide $16 million in grants to Pakistan in infrastructure, health and education sectors.
Officials informed that...
Pakistan, Russia sign $10bn energy deal
ISLAMABAD:Â Pakistan and Russia have formally signed a Memorandum of Understanding (MoU) on Thursday in Moscow for the construction of an offshore gas...
Rs1.16 increase in electricity prices approved Â
CPPA had initially requested a Rs1.50 increase in electricity prices
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Wednesday approved an increase...
China says plots to disrupt ties with Pakistan will fail
China has pledged $57 billion to build power stations, major highways, new railways and high capacity ports along the China-Pakistan Economic Corridor
Pakistan, Russia set to sign $10bn gas pipeline deal
The pipeline will be completed in three to four years
In a major breakthrough, Pakistan and Russia will sign a $10 billion offshore...