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IMF connection endures: Pakistan's persistent tether despite economic shifts
Interim Finance Minister Dr. Shamshad Akhtar highlighted Pakistan's need for a prolonged IMF program and emphasized the necessity of raising electricity and gas prices to meet ongoing bailout package conditions, attributing the country's "fragile" ec...
‘FPCCI stands by govt on IMF SLA’
Karachi: FPCCI welcoming successful completion of first review of staff-level agreement (SLA) with IMF pertaining to current Standby Agreement (SBA) said it stood by government to surpass its revenue generation target despite all odds and, above all,...
PRL executes upgrade agreement with OGRA
Karachi: Pakistan Refinery Limited (PRL) executed an upgrade agreement with Oil and Gas Regulatory Authority (OGRA). In accordance with mandatory provisions outlined in Pakistan Oil Refining Policy for upgradation of existing/brownfield refineries, 2...
PSX surpasses 57,000 following successful IMF review
The Pakistan Stock Exchange (PSX) surged beyond the 57,000-point mark, driven by investor confidence following the International Monetary Fund's (IMF) staff-level agreement on the initial review of a $3 billion stand-by arrangement. The PSX's main in...
FPCCI demands Rs18-20 drop in fortnight POL price review
Karachi: President FPCCI Irfan Iqbal Sheikh demanded government should announce reduction of 18-20 rupees per litre in prices of petroleum products as international oil prices are showing declining trend despite harrowing ongoing conflict and supply...
SITE industrialists protest exorbitant hike in gas tariff
KARACHI: An Emergent meeting of SITE Association of Industry (SAI) was held to devise strategy for future line of action in view of recent exorbitant increase in industrial gas tariff due to which, industries of Karachi have become unviable to operat...
MARI commences gas production from appraisal well in Sindh
Karachi: Mari Petroleum Company Limited (MARI) has successfully commenced gas production from its appraisal well Mari Ghazij-l, located in Mari D&PL, Sindh. Company shared development in its notice to Pakistan Stock Exchange. Last month, company...
Pakistan optimistic about ‘successful completion’ of first IMF review
Karachi: Pakistan is optimistic about successful completion of first International Monetary Fund (IMF) review of $ 3 billion standby arrangement as negotiations between two sides have entered final round, said well-placed sources. Policy-level talks...
Remittances clock in at $2.5bn in Oct, up 11.5pc on monthly basis
Karachi: Inflow of overseas workers’ remittances clocked in at $ 2.5 billion in October 2023, 11.5 percent higher on month-on-month basis when compared to $ 2.2 billion in September 2023, showed data released by State Bank of Pakistan. On yearl...
Pakistan focused most on TAPI Gas Pipeline despite India’s nil interest: PM Kakar
Karachi: Caretaker Prime Minister Anwaarul Haq Kakar said that Pakistan is ready to reap benefits of Turkmenistan-Afghanistan-Pakistan-India (TAPI) Gas Pipeline, despite India’s alleged lack of interest. “On TAPI, there is lot of enthusia...
