The government is going on a small public spending spree, probably in an effort to blunt the edge of deepening economic hardship in addition to building much-needed infrastructure. By Muhammad Ali.
In talks with a visiting IMF mission, the Pakistani authorities seem amenable to PKR 200 billion in additional revenues measures plus PKR 100 billion in development spending cuts. By Muhammad Ali.
The transmission infrastructure for the import of electricity from Iran to Gwadar has been completed. The future mega-port is also set to link up with the national grid via Jiwani. By Naveed Naqvi.
Senator Mushahid Hussain says CPEC is the single most transformative initiative for Pakistan’s economic development in the last 30 years. By Naveed Naqvi.
Although the two sides agree Pakistan’s budget for the current fiscal is broken, there is a yawning gap over how much fresh revenue Islamabad needs to raise to bridge the fiscal gap. By Muhammad Ali.
They are not lawmakers anymore, so why are they still occupying parliamentary lodges? And so, we have a drive of evictions underway at the federal capital. By Naveed Naqvi.
By Staff Reporter
ISLAMABAD: Minister Shehbaz Sharif said on Friday the International Monetary Fund is giving Pakistan a difficult time in negotiations amid negotiations with the International Monetary Fund as the country battles an unprecedented economic crisis.
Islamabad is looking to source 20 percent of its oil imports from Russia, said the Minister of State for Petroleum in a written reply submitted in Senate. By Naveed Naqvi.
By Staff Reporter
KARACHI: Foreign exchange reserves have fallen to $3.09 billion, its lowest levels since February 2014, after paying off some of the country’s external debt, the central bank said on Thursday.
By Naveed Naqvi
ISLAMABAD: Sheikh Rashid Ahmed, former interior minister and a close ally of Imran Khan was arrested in the early hours of Thursday, officials said.
