Prime Minister Shehbaz Sharif has welcomed the State Bank of Pakistan’s decision to cut its policy rate by 2%, calling it a positive step for the country’s economy. He expressed optimism that lower interest rates would boost investor confidence and increase investments in Pakistan. “The reduction in the policy rate is a welcome step for … Read more
ISLAMABAD: Petroleum Minister Musadik Masood Malik on Thursday informed the National Assembly that oil prices in Pakistan have decreased by Rs 47.54 per liter since May. Replying to various questions, the minister explained, “Pakistan purchases fuel at international market rates, but we get some discounts on the premium. » He explained: “Under an agreement, we … Read more
ISLAMABAD: Malaysian Prime Minister Anwar Ibrahim is expected to visit Pakistan in the first week of October, marking his first official trip to the country, diplomatic sources revealed on Thursday. Anwar Ibrahim will be accompanied by a high-level delegation during the visit. This will be the first visit by a Malaysian prime minister to Pakistan … 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