ADB approves $320m loan to support rehabilitation of roads in KP
The Asian Development Bank (ADB) has approved a $320 million loan to support the rehabilitation of roads in the province of Khyber Pakhtunkhwa in Pakistan,…
Business
IMF board to discuss Pakistan’s programme on Sept 25: spokesperson
The International Monetary Fund (IMF) on Thursday confirmed that the Fund’s board will meet on September 25 to discuss the $7 billion Extended Fund Facility…
SBP cuts key policy rate by 200bps to 17.5pc
The State Bank of Pakistan (SBP) in a meeting held today the Monetary Policy Committee (MPC) decided to cut the policy rate by 200 bps…
Electricity tariff increased by Rs1.74 per unit
The price of electricity has been increased by Rs1.74 per unit, following a notification issued by the relevant authorities. The adjustment, which applies to both…
Gold prices climb in International and Pakistani markets
Gold prices in Pakistan surged on Tuesday, following a rise in international rates. In the local market, the price of gold per tola increased by…
Pakistan’s loan request is not on IMF Executive Board calendar
The International Monetary Fund (IMF) has released its Executive Board meeting calendar until September 18, but the approval of Pakistan’s $7 billion loan program is…
Gold prices see big decline in Pakistan
After back-to-back gains, gold prices in Pakistan declined on Saturday in line with the decrease in the international rates. In the local market, the price…
Electricity prices experience both increase and decrease, causing mixed relief
Electricity consumers across the country face a mixed bag of news as the National Electric Power Regulatory Authority (NEPRA) announces adjustments to electricity tariffs. While…
Electric vehicles will account for up to half of auto sales by 2030, BYD Pakistan says
Up to 50 per cent of all vehicles bought in Pakistan by 2030 will be electrified in some form in line with global targets, BYD…
Talks with IMF on external financing will be finalized soon: Aurangzeb
Finance Minister Muhammad Aurangzeb expressed optimism about the progress of ongoing talks with the International Monetary Fund (IMF) regarding external financing. In an informal conversation…