ISLAMABAD: The government cut fuel prices late Wednesday, offering relief to consumers grappling with high living costs in a move that could temporarily ease inflationary pressures.
Energy
Pakistan’s economy to grow 3.6% in FY25, IMF says; inflation, deficit to rise
KARACHI: The International Monetary Fund expects Pakistan’s economy to grow 3.6% for the current fiscal year, even as it projected higher inflation and a widening current account deficit, though the estimates exclude the still-unassessed damages from recent floods.
Pakistan, IFC discuss Reko Diq financing as FM Aurangzeb pushes for faster project execution
ISLAMABAD: Finance Minister Muhammad Aurangzeb on Monday held talks with officials from the International Finance Corporation and the Islamic Development Bank aimed at boosting private sector investment and speeding up infrastructure projects, while inviting US firms to invest in key sectors during meetings in Washington.
Nepra fines K-Electric Rs25 million over 2023 grid failure
ISLAMABAD: The National Electric Power Regulatory Authority imposed a Rs25 million penalty on K-Electric Ltd., holding the power utility accountable for exacerbating a nationwide blackout that plunged the country into darkness for nearly a day.
Pakistan revises FY2025 GDP growth Up to 3.04 percent on stronger industry, farming
ISLAMABAD: Pakistan’s economy expanded faster than previously estimated in the fiscal year through June, driven by upward revisions in industrial and agricultural output, according to official data released on Wednesday.
Pakistan forms committee to accelerate economic talks With Saudi Arabia
Pakistan has set up an 18-member committee to drive bilateral economic talks and negotiations with Saudi Arabia, according to a notification from the Prime Minister’s Office.
Pakistan poised to unlock over $1 billion IMF tranche despite fiscal slippages – report
ISLAMABAD: Pakistan is on track to secure more than $1 billion as the third tranche of its International Monetary Fund bailout, even with some fiscal shortfalls, as officials kick off policy-level talks with a visiting IMF review mission, Dawn newspaper reported on Saturday.
Petrol, diesel prices raised; LPG rates reduced
ISLAMABAD: The government raised fuel prices on Tuesday, increasing petrol by Rs4.07 per litre and high-speed diesel (HSD) by Rs4.04 per litre for the next two weeks, a move set to strain household budgets and fuel inflation.
ADB sees Pakistan growth holding at 3 percent in FY2026 on reforms, but floods pose risks
ISLAMABAD: Pakistan’s economy is set to expand by 3.0% in the fiscal year to June 2026, helped along by deeper macroeconomic stability and reforms that tackle longstanding weaknesses, the Asian Development Bank said on Tuesday, though recent floods could crimp the momentum.
Fuel prices set to rise again as global oil costs fluctuate
ISLAMABAD: The government is expected to raise the prices of petrol and high-speed diesel (HSD) by Rs2-3 per litre starting Wednesday for the first half of October, driven by volatility in global oil markets, according to official estimates.