By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif has once again declined to authorise any immediate increase in petroleum prices, throwing a spanner in the works of the government team tasked with negotiating a revival of the stalled USD 6-billion bailout with the International Monetary Fund (IMF).
By Staff Reporter
ISLAMABAD: Pakistan has tapped the Asian Development Bank’s (ADB) Counter-Cyclical Facility (CFC) to get $1.5 to $2 billion additional budgetary support loan in two months to prop up its fast-depleting foreign currency reserves, the IP learnt.
By Staff Reporter
ISLAMABAD: Pakistan’s economic woes are complicating the situation of the country’s external obligations, owing chiefly to a lack of clarity as to who is the ultimate authority on key policy decisions confronting the economy.
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) staff and Pakistanis officials will meet in Doha, Qatar on May 18 to restart talks over a stalled $6 billion program, senior officials said on Monday.
By Staff Reporter
ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) on Friday raised Rs2.86 and Rs1.38 per unit for consumers as fuel adjustment cost (FCA) for Ex-Wapda Discos and K-Electric (KE) respectively, which would be applicable in May 2022 bills.
