The International Monetary Fund (IMF) Managing Director Kristalina Georgieva said important issues still remain unresolved for Pakistan to unlock a follow-up program to the previous $3 billion stand-by arrangement.

She noted that while Pakistan has …

Energy Minister Sardar Awais Khan Leghari on Thursday announced a big decrease of Rs. 3.82 per unit in electricity tariff for April bills.

This decrease is attributed to adjustments in fuel prices, now set at Rs. 4.92 per unit compared to Rs. 7.06 l…

The Pakistani Rupee is poised to gain over Rs. 55 or 20 percent in the coming months to rise to as high as 220 against the US Dollar from today’s level of 277.9/$.

The real interest rate has moved into positive territory for the first time in 3 years…

Pakistan exported goods worth over $158 million to five Central Asian countries during the first 8 months of financial year 2023-24, up by 21.17 percent compared to $130.45 million in the same period last year.

The total value of Pakistan’s exports t…

The future of Pakistan’s economy is plagued by political instability and potential disruptions from Middle East conflicts could affect supply chains, the Asian Development Bank (ADB) said in a report on Thursday.

ADB said Pakistan’s reliance on exter…

The government plans to raise Rs. 2,475 billion through auction of market treasury bills (MTBs) during April-June 2024, according to the auction calendar shared by the State Bank of Pakistan (SBP) last week.

The aim for MTBs during this period is to …

Utility Stores Corporation USC) has recorded its highest-ever sales of Rs. 44 billion during Ramadan.

This is the first time that USC surpassed its Rs. 40 billion sales target under the Prime Minister’s Relief Package, reported a national daily.

USC…

The federal government is all set to start the construction of a 105-kilometer railway track from Thar to Port Qasim for transporting coal from local fields to power plants across Pakistan.

Funded jointly by the federal and Sindh governments, the pr…

The government has raised Rs. 12.7 billion from the auction of Ijarah Sukuk bonds, the Pakistan Stock Exchange (PSX) announced on Monday.

The auction, which featured a one-year fixed-rate discounted (FRD) Sukuk, attracted bids totaling Rs. 23.7 bill…

The Ministry of Finance has raised concerns over the cash credit limit requested by the Pakistan Agricultural Storage and Services Corporation (PASSCO).

The Finance Ministry says PASSCO’s funding request exceeds the actual cost of wheat procurement …