The government is on the cusp of restoring a two-day weekend as the country remains in a tight energy spot, whereas officials have crunched out numbers that strongly suggest the power saved as a result will help reduce load shedding, it is learnt.
Economy
Saudi help shot in arm for Pak economy
Saudi commitments of help aggregating to $4.2 billion following Prime Minister Shehbaz Sharif’s visit to the Kingdom have come as a shot in the arm at a difficult time for Pakistan’s battered economy.
CHANGE OF GUARD: Pictured, left, Reza Baqir, the outgoing SBP Governor, and right, Aasim M. Husain. the leading contender for the office
Who will succeed Reza Baqir to run SBP?
By Staff Reporter
ISLAMABAD: The government is starting its search for a new governor of the State Bank of Pakistan to succeed Dr Reza Baqir who is due to step down today. Dr Baqir’s appointment expires 4 May 2022.
Change of guard in key national institutions was always on the cards following the recent diametrical and rather unceremonious change of political leadership in Islamabad. Perhaps befittingly, it is starting with Dr Baqir. >>
Courtesy official website
April inflation touches 2-year high at 13.4 percent
Consumer price inflation surged at the fastest pace in two years in April as Ramazan demand pushed food prices higher, fueling expectations of an interest rate hike in the next monetary policy meeting, due later this month.
Sharif’s power play to end load shedding
Cash-strapped Pakistan had to fork out almost a billion dollars to energy procurement to keep Prime Minister Shehbaz Sharif’s promise of zero-load-shedding by 1 May 2022, Independent Pakistan can report.
TSA bogged down ahead of IMF talks
Pakistan’s implementation of Treasury Single Account seems to have been bogged down in modalities, with the bulk of the work remaining, as an International Monetary Fund (IMF) team heads to Islamabad for talks as part of the 7th review of an EFF program.