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Govt shelves electricity tariff rebasing plan
ISLAMABAD: The government has abandoned its proposal to rebase electricity tariffs from January 1 each year instead of the existing July 1 schedule, following the International Monetary Fund's (IMF) refusal to endorse the move, according to informed...
PM orders measures for availability, price stability of essential commodities
LAHORE: Prime Minister Muhammad Shehbaz Sharif chaired a high-level meeting to review the supply and price control of essential commodities, particularly sugar, across the country. Emphasizing the importance of ensuring affordability, PM Shehbaz stat...
SBP gov calls on banks to boost SME lending
KARACHI: The State Bank of Pakistan (SBP) governor has urged commercial banks to reassess their business models and prioritize lending to small and medium enterprises (SMEs) to play a more active role in the country's economic growth. Speaking at th...
IMF delegation to arrive on March 3 for economic review
ISLAMABAD: A nine-member delegation of the International Monetary Fund (IMF), led by Nathan Porter, is set to arrive in Islamabad on March 3 for a crucial economic review. According to sources in the Ministry of Finance, the review process will conti...
FinMin chairs high-level meeting on digital assets
ISLAMABAD: The Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chaired a high-level meeting on digital assets, emphasizing the need for a robust regulatory framework to integrate cryptocurrency and blockchain technology into Pak...
PM Shehbaz to visit Uzbekistan to strengthen bilateral relations
ISLAMABAD: Prime Minister Shehbaz Sharif will undertake a significant two-day official visit to Uzbekistan on February 25-26, 2025, at the invitation of President Shavkat Mirziyoyev, the Foreign Office announced on Monday. The visit aims to reinforce...
FinMin urges open-minded approach to cryptocurrency in Pakistan
KARACHI: Finance Minister Muhammad Aurangzeb has urged authorities, including the State Bank of Pakistan (SBP), to adopt an open-minded approach towards cryptocurrency, considering the rapid advancements in digital banking and financial technology in...
Pakistan Azerbaijan set $2b bilateral investment target
BAKU: Pakistan and Azerbaijan have agreed to enhance bilateral investment up to $2 billion in mutually beneficial projects, further strengthening their economic partnership. The decision was made during a meeting between Prime Minister Shehbaz Sharif...
IMF confirms Pakistan visit for $7bln loan review
ISLAMABAD: The International Monetary Fund (IMF) has confirmed that a delegation will visit Pakistan in mid-March to review the country's $7 billion loan program. According to an IMF representative, the delegation will engage with Pakistani authorit...
FinMin discusses investment with MIGA delegation
ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chaired a meeting with a delegation from the Multilateral Investment Guarantee Agency (MIGA) at the Finance Division. The discussions focused on enhancing investment opp...
