Category: Business
Pakistan eyes 10 state entities for possible privatisation
Pakistan’s caretaker government moved on Sep 21 to improve governance at state-owned companies and earmarked 10 for privatisation or turnaround efforts, as it...
Pakistan govt set to introduce digital currency to stabilize rupee
The government has decided to launch digital currency in a bid to save currency printing and distribution costs. The digital currency will also help in appreciating...
IMF permission awaited to provide relief to Pakistani consumers in power bills
Amid nationwide protests over inflated electricity bills, the caretaker government has reportedly chalked out a plan to provide relief to the power consumers, according...
Cost of living sees big jump in first two days of new govt in Pakistan
The cost of living has gone up significantly during the first two days of the current interim government as the prices of sugar and steel bar have witnessed sharp...
Petrol prices reach all-time high in Pakistan at Rs290 per litre
The prices of petrol and diesel hit a record high on Aug 15, as the newly installed caretaker government raised fuel prices by up to Rs20 per litre, another second...
Pakistan to buy more electricity from Iran
Pakistan will buy more electricity from neighbouring Iran, a finance ministry statement said on Aug 8. The decision was taken at an Economic Coordination Committee...
Pakistan must emphasize steadfast policy implementation, says IMF
Steadfast policy implementation is critical for Pakistan in the period ahead, International Monetary Fund (IMF) spokesperson Julie Kozack said Thursday, after the lender...
Govt ‘approves policy’ to attract $20-25bn foreign investment
The Pakistan Democratic Movement (PDM)-led government has approved a major economic policy to attract foreign inflows, according to reports on Saturday, as the...
Pakistan offers India to take advantage of multibillion-dollar CPEC project
Prime Minister Shehbaz Sharif has urged arch-rival India to take benefit of the multibillion-dollar China-Pakistan Economic Corridor (CPEC) infrastructure project...
Pakistan and IMF finally strike $3bn staff-level agreement
The International Monetary Fund (IMF) has reached a staff-level pact with Pakistan on a $3 billion stand-by arrangement, the lender said, a decision long awaited by the...