Tickets in US dollars are seen in this illustration taken on March 10, 2023. – Reuters The Ministry of Finance confirms the extension of loans reimbursement in China. The loan was initially the reimbursement on March 24. Pakistan is currently facing economic challenges. Islamabad: China has extended the Pakistani loan repayment period of $ 2 … Read more
An aerial view of the center of the plane at Karachi airport. – Reuters / File Islamabad: Under its so much boosted rights strategy aimed at reducing spending and stimulating institutional performance, the federal government abolished the Ministry of Aviation and merged it in the Ministry of Defense. The Ministry of Defense has published a … Read more
The International Logo of the Monetary Fund (IMF) is seen outside the head office in Washington, United States on September 4, 2018 – Reuters The Mission of the IMF visiting Pakistan for GCDA, clarifies the Ministry of Finance. The IMF has long provided advice, technical assistance, he adds. Said the report to recommend actions against … Read more
1737616778-0/sidra--(27)1737616778-0.png?w=1920&resize=1920,1440&ssl=1 "Foreign Ministry condemns Israeli attacks during ceasefire
Blogging Sole")
Listen to the article Foreign Ministry spokesperson Shafqat Khan condemned further attacks by the Israeli army during the ongoing ceasefire in Gaza. In a weekly press briefing, Khan expressed Pakistan’s strong opposition to the escalation of violence despite the ceasefire agreement. The FP spokesperson also provided an update on a recent tragic incident in Morocco, … Read more
An undated image of a MOL Pakistan exploration site. — MOL Pakistan website/file Circular debt creates cash flow constraints, according to the ministry report. This highlights ineffective financial management in PSO, PPL, etc. Deplores obsolete and inefficient infrastructure, operational problems. ISLAMABAD: The Ministry of Finance, in its report, has raised serious questions over financial mismanagement … Read more
A representative image of pylons and power lines. — Reuters/File The Ministry of Energy writes a letter to the Ministry of Finance in this regard. The FY25 budget includes Rs 1,229 billion in energy subsidies. The IMF recommends institutionalizing anti-theft procedures. ISLAMABAD: To avoid slippages due to the escalation of circular debt agreed with the … Read more
A representative image of pylons and power lines. — Reuters/File Five IPPs received capacity payments above 50% of contributions in FY23. Government disbursed over Rs 769 billion for 12 IPPs in FY 2023-24: Document. Publication of the list of IPPs that produced electricity at the highest prices. Days after the government approved “settlement agreements” with … Read more
People look at handbags displayed outside shops at a market, ahead of Eid al-Fitr celebrations in Karachi, Pakistan, April 19, 2023. — Reuters Inflation is expected to decline to 5.6%-6.5% by December. PBS data shows inflation fell to 7.2% in October. The LSM sector seems to be struggling to bounce back. Inflation is expected to … Read more