A person counts dollar bills in this illustrative image taken on May 30, 2022. — Reuters Pakistan receives $259 million from bilateral creditors. Multilateral creditors pay $721 million to Islamabad. $19.39 billion in foreign loans planned for the current fiscal year. ISLAMABAD: In its attempt to address the various challenges facing the economically cash-strapped country, … Read more
PTI workers wave party flags during a rally in Islamabad. — Reuters/File PTI’s Latif Khosa sees ‘abandoned scene’ ahead of November 24. He says the government cannot last a single day if the establishment becomes neutral. We planned to counter the government’s tactics, says lawyer Saif. While the ruling coalition and Pakistan Tehreek-e-Insaf (PTI) are … Read more
Crew members disembark from a Pakistan International Airways (PIA) flight at Kabul airport, Afghanistan, September 13, 2021. — AFP Dar-led CCoP rejects Blue World City privatization offer of Rs 10 billion. The government is considering agreements with China and Gulf countries, including Qatar. These countries can play a key role in the privatization of PIA, … Read more
Finance Minister Muhammad Aurangzeb addresses a press conference in Islamabad on June 13, 2024. —AFP FinMin describes the IMF discussions as “constructive and productive”. An open and factual dialogue took place with the IMF team, says Aurangzeb. The IMF claims to have held constructive negotiations with the Pakistani authorities. ISLAMABAD: The federal government has rejected … Read more
A worker filling gasoline into a vehicle at a gas station in Karachi on April 16, 2024. — PPI ISLAMABAD: The federal government has maintained prices of petrol and high-speed diesel (HSD) for the next fortnight, starting from November 16. “The Oil (and) Gas Regulatory Authority has fixed the prices of petroleum products for the … Read more
A representative image showing electricity pylons on March 30, 2022. — Reuters Energy sector reforms face economic hurdles: Awais Leghari. The country is still grappling with the consequences of past IPP contracts, he adds. He deplores the financial burden weighing on the system due to net billing system. ISLAMABAD: Energy Minister Awais Ahmad Khan Leghari … Read more