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.
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Gwadar ready to import 100 MW power from Iran
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.
Pakistan’s energy minister Dr Musadik Malik is seen addressing the media in this undated photo courtesy of APP.
Global north’s development came at a cost to the planet
They clocked faster economic growth in the past and achieved a higher level of development, but their development cost the planet dearly in terms of pollution and environmental degradation. By Naveed Naqvi.
MAP: China-Pakistan Economic Corridor (CPEC)
Thar as guarantor of Pakistan’s energy security
Senator Mushahid Hussain says CPEC is the single most transformative initiative for Pakistan’s economic development in the last 30 years. By Naveed Naqvi.
Pakistan, IMF deadlocked over the size of minibudget
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.
PTI and Islamabad’s season of evictions
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.
PM Sharif says IMF giving tough time on bailout loan
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.
Minister of State for Petroleum Dr Musadik Malik. Photo courtesy of APP.
Musadik Malik: Russian oil on tap in April
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.
Forex reserves sink to 18 days worth of import cover
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.
Former interior minister Sheikh Rashid Ahmed arrested
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.