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FinMin Aurangzeb departs for US to attend WB, IMF Spring 2025 meetings
Sat, 19 Apr 2025 17:05:00 +05:00

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb addresses a press conference. — APP/File

WB, IMF meetings scheduled for April 21–26.Aurangzeb will meet counterpart leaders of China, UK.He will address roundtable discussion with institutional...

Weekly inflation sees sharpest drop to 2.72% since March
Sat, 19 Apr 2025 09:15:00 +05:00

People buy dried fruits at a market in Karachi, February 1, 2023. — ReutersSPI shows 0.69% weekly drop, 2.72% yearly decline.Tomatoes, chicken, onions lead weekly price fall in essentials.Onion, tomato, wheat flour record sharp yearly price cuts.

Nepra holds heated hearing on KE's Rs8.13bn write-off request
Fri, 18 Apr 2025 15:04:00 +05:00

Nepra logo seen in this undated photo. — APP/File

ISLAMABAD: The National Electric Power Regulatory Authority conducted a heated public hearing on Thursday regarding K-Electric's petition for an additional Rs8.13 billion in write-offs, part of a broader Rs76 billion claim for...

FDI rises 14% to $1.64 billion in first nine months of FY25
Fri, 18 Apr 2025 14:54:00 +05:00

US dollar bills are seen in this undated image. — Reuters

Country recorded a net FDI inflow of $25.7m in March.SBP data shows majority of direct investments came from China.Rise in FDI is driven by strong inflows in financial services.

Pakistan agrees to IMF demand of prioritising climate-friendly projects
Fri, 18 Apr 2025 12:52:00 +05:00

People walk around a park amid heavy smoggy conditions in Lahore on November 7, 2024. —AFPGovt to update project selection criteria for PSDP.Pakistan will report on the selection process.Pakistan will also implement adaptation assessment.

ISLAMABAD: Pakistan has agreed to the...

Musk's SpaceX is frontrunner to build Trump's Golden Dome missile shield
Fri, 18 Apr 2025 10:41:00 +05:00

Elon Musk gives a tour to US President-elect Donald Trump and lawmakers of the control room before the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, US, on November 19, 2024 . —Reuters

WASHINGTON: Elon Musk's SpaceX and two partners have...

Govt to launch new bidding process for sale of PIA's 51-100% stake next week
Thu, 17 Apr 2025 21:00:00 +05:00

A Pakistan International Airlines plane prepares to take off at Alama Iqbal International Airport in Lahore, February 1, 2012. — Reuters

Last year, govt got a single offer below $300m.Sale aims to raise funds and support IMF reforms.New bids approved after resolving last...

Current account logs record $1.2bn March surplus on strong remittances
Thu, 17 Apr 2025 17:44:00 +05:00

A currency dealer counts US dollars at a shop in Karachi. — AFP/File

Previous record for highest monthly surplus was $981m in August 2012.FY25’s 9M surplus hits $1.86bn, reversing last year's $1.65bn deficit.Exports rise 10% YoY to $2.77bn, while imports rise 8% to...

No decline in fuel price: Miftah flays Shehbaz govt for 'justifying mini-budget'
Thu, 17 Apr 2025 14:13:00 +05:00

A collage showing Awaam Pakistan Secretary Miftah Ismail and PM Shehbaz Sharif. — Geo.tv/PID/FileMiftah says govt plans to collect around Rs100bn from masses.Ex-finmin urges ruling coalition of reducing its own expenses.He says govt could've used provincial, PSDP funds for such...

PSX regains momentum as Fitch upgrade, oil slide lift sentiment
Thu, 17 Apr 2025 13:07:00 +05:00

Broker is busy in trading at Pakistan Stock Exchange in Karachi on Thursday, April 3, 2025. — PPI

KSE-100 Index closes at 116,901.13, up 881.03 points, or 0.76%.Index hits intraday high of 117,216.02, rising 1,195.92 points, or 1.03%.Session low recorded at 115,818.07, down...

World Bank assails Pakistan's tax regime for being highly 'unfair, absurd'
Thu, 17 Apr 2025 11:57:00 +05:00

A labourer bends over as he carries packs of textile fabric on his back to deliver to a nearby shop in a market in Karachi. — Reuters/FileWB calls for bringing property sector into tax net.Wants sector to be accurately recorded and taxed.Lender suggests rationalisation of tariff...

Power generation sees 5% rise in March
Thu, 17 Apr 2025 11:14:00 +05:00

Technicians work at a power grid station in Faisalabad. — AFP/FileOutput boosted by local coal, wind and solar.Hydel power falls steeply amid low reservoir inflows.Generation cost up 14% to Rs9.46 per unit in March.

KARACHI: Pakistan’s power generation rose by 5%...

Kuwait renews oil credit facility for Pakistan with extended two-year support
Thu, 17 Apr 2025 09:58:00 +05:00

A view of an oil refinery. — Reuters/FileFacility extended through Kuwait Petroleum Corporation.PSO benefits from deferred oil payment terms.Extension marks shift from annual renewals.

ISLAMABAD: Kuwait has extended its oil credit facility to Pakistan for another two...

US-China trade tensions rattle markets as gold hits record high
Thu, 17 Apr 2025 02:30:38 +05:00

Traders work on the floor at the New York Stock Exchange in New York City, US, April 16, 2025. — Reuters

Global stocks tumbled on Wednesday following fresh US export restrictions on advanced AI chips bound for China, fuelling fears of an intensifying trade war and pushing gold...

US central bank eyes 'extremely uncertain' outlook after Trump tariffs
Thu, 17 Apr 2025 01:37:36 +05:00

US Federal Reserve Chair Jerome Powell attends a press conference, following a two-day meeting of the Federal Open Market Committee on interest rate policy, in Washington, DC, US, March 19, 2025. — Reuters

CHICAGO: The head of the US central bank has said it will hold off on...

China lashes out as Trump's tariffs on some goods hit 245%
Wed, 16 Apr 2025 20:51:03 +05:00

U.S. and Chinese flags are seen in front of a U.S. dollar banknote featuring American founding father Benjamin Franklin and a Chinese yuan banknote featuring late Chinese chairman Mao Zedong in this illustration picture taken May 20, 2019. — Reuters

China urges US to end...

Pakistan's latest IMF bailout wasn't possible sans China's support: PM Shehbaz
Wed, 16 Apr 2025 14:51:00 +05:00

PM Shehbaz Sharif speaks during an event, related to Pakistani agriculture graduates' studies in China, held in Islamabad on April 16, 2025. — Screengrab via Geo News

300 graduates to go to China for 3-month training in first phase.400 to undergo 6-month programme in...

Govt decides to scrap around 24% of development projects
Wed, 16 Apr 2025 13:50:00 +05:00

Representational image shows labourers working at a construction site. — AFP/File260 development schemes being abolished out of 1,092 projects.PSDP funds' approval stands at Rs631bn; utilisation at Rs312.3bn. Projects to be scrapped regardless of political consideration:...

China orders airlines to suspend Boeing jet deliveries amid trade war
Wed, 16 Apr 2025 10:09:00 +05:00

Boeing 737 Max fuselages sit on railcars during an ongoing strike by the company's factory workers in Seattle, Washington, US, October 30, 2024. — Reuters

Boeing shares dip while Airbus holds a strong position in China.Chinese carriers asked to halt US aircraft...

Govt keeps petrol price unchanged for next fortnight
Tue, 15 Apr 2025 23:00:00 +05:00

A worker holds a fuel nozzle to fills fuel in a car at petrol station in Karachi, on September 16, 2023. — Reuters

The federal government announced on Tuesday that fuel prices will remain unchanged over the next fortnight and the savings will be used to upgrade the...

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Last modified: 04-03-2021

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