ISLAMABAD: The finance ministry on Tuesday dismissed concerns over a nearly Rs9 trillion surge in public debt, asserting that the country’s debt trajectory is “more sustainable today than suggested by headline rupee figures.”
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SBP holds rates steady at 11 percent as floods threaten crop harvest, food inflation
KARACHI: The central bank kept its benchmark interest rate unchanged at 11% for a third consecutive meeting, opting for caution as floods ravage the nation’s agricultural heartland and threaten to stoke food inflation just as the economy shows signs of stabilization.
SBP set to hold rate at 11 percent as floods stoke inflation risks
KARACHI: The central bank is set to keep its benchmark interest rate on hold at 11 percent when its Monetary Policy Committee convenes on Monday, as fresh flooding threatens to stoke inflation in a fragile economy already strained by energy costs.
FM Aurangzeb says IMF understands flood strain ahead of loan review
LAHORE: Finance Minister Muhammad Aurangzeb said the government is in close contact with the International Monetary Fund, which has shown understanding of the economic strain from devastating floods, as the lender prepares to review a $1.4 billion loan program.
Flood crisis tests IMF bailout discipline as PM Sharif halts August power bills in affected areas
ISLAMABAD: The government moved swiftly to shield flood-ravaged households from August electricity bills, a rare concession that underscores the tension between immediate disaster relief and the fiscal austerity demanded by a $7 billion International Monetary Fund bailout.
Pakistan to launch $250 million Panda bond issue by year-end to fund infrastructure
ISLAMABAD: Pakistan plans to issue its first-ever Panda bonds before December 2025, aiming to raise $250 million in yuan-denominated debt to finance critical infrastructure projects, according to media reports.
Nepra slaps Rs248 million fine on power firms for overbilling, illegal outages
ISLAMABAD: Pakistan’s energy watchdog has hit two state-owned power distributors with fines totaling Rs248 million for overcharging customers via faulty meters and cutting power on questionable commercial grounds, exposing persistent flaws in the nation’s strained electricity sector.
FM Aurangzeb pledges price stability as floods swamp farmland, stoke food inflation fears
ISLAMABAD: Pakistan is scrambling to contain inflation and protect low-income households as devastating floods wreak havoc on its agricultural heartland, threatening to derail a fragile economic recovery.
Car sales surge 62 percent in August on financing, stronger sentiment
KARACHI: Pakistan’s auto market accelerated in August, with car sales soaring 62% year-on-year, fueled by improved consumer confidence and easier access to bank financing, industry data showed on Thursday.
Pakistan lifts four-year ban on new household gas hookups, to supply imported RLNG
ISLAMABAD: The government has lifted a four-year ban on new domestic gas connections, opting to provide Re-Gasified Liquefied Natural Gas (RLNG) to households, Federal Minister for Petroleum Ali Pervaiz Malik announced on Wednesday, citing the need to address public difficulties and safety concerns.