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Power Generation Falls Again Despite Big Drop in Fuel Costs

Power generation in the country went down by 13.7 percent YoY to 8,639 gigawatts per hour (GWh) in April 2024, and down 2.4 percent YoY to 101.089 GWH in 10MFY24 compared to the same period last year.

On a month-on-month (MoM) basis, power generatio…

Roshan Digital Account Inflows Fall to $171 Million in April

Foreign exchange inflows through the Roshan Digital Accounts (RDAs) stood at $171 million in April 2024, compared to $182 million in the previous month.

Overall RDA funds received to date increased to $7.831 billion by the end of April 2024, accordi…

New IMF Loan Program Only Possible After Budget

Discussions between Pakistan’s economic team and the International Monetary Fund (IMF) Mission this week will most likely end without a staff-level agreement, sources in the Finance Ministry told ProPakistani.

Sources said policy-level talks have so…

Pakistan’s Headline Inflation Expected to Fall Below 14% in May

Pakistan’s annual inflation is expected to fall to 13.1 percent in May 2024 compared to 17.3 percent in April 2024, brokerage house Ismail Iqbal Securities said in its report on Tuesday.

According to the report, on a month-on-month (MoM) basis, infl…

FTO Orders Investigation Against Corporate Tax Office Islamabad

The Federal Tax Ombudsman (FTO) Dr. Asif Mahmood Jah has ordered an investigation against the Corporate Tax Office Islamabad (CTO) for blunt violation of instructions issued by parent agency (FBR) to provide copies of order sheet entries s to the tax…

PSX Set to Increase Stock Price Circuit Breakers From Next Week

Pakistan Stock Exchange (PSX) will gradually enhance the security-wise Circuit Breakers by 0.5 percent on a fortnightly basis till they reach the 10 percent level, the main bourse said in a notice to investors on Tuesday.

This gradual enhancement wi…

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