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Pakistan finalises record Rs659.6bn settlement of power sector debt, says minister

Pakistan finalises record Rs659.6bn settlement of power sector debt, says minister

ISLAMABAD: Pakistan has finalised a landmark Rs659.6 billion repayment of Power Holding Limited (PHL) liabilities, the biggest deal ever in…
10m BISP beneficiaries being linked to their SIM cards for digital payments

10m BISP beneficiaries being linked to their SIM cards for digital payments

ISLAMABAD: Pakistan’s flagship poverty alleviation initiative, the Benazir Income Support Programme (BISP), plans to equip 10 million women with digital…
Business at Karachi ports disrupted as goods transporters’ strike enters 4th day

Business at Karachi ports disrupted as goods transporters’ strike enters 4th day

Transport operations, loading and unloading at ports were disrupted as the strike by goods transporters in Karachi against the Traffic…
AFD praises Wapda’s push for cheap, clean energy; vows future support

AFD praises Wapda’s push for cheap, clean energy; vows future support

The French Development Agency (AFD) has praised Wapda’s efforts to promote affordable and clean energy in Pakistan, while assuring continued…
SBP issues new foreign currency trading rules for money changers

SBP issues new foreign currency trading rules for money changers

The State Bank of Pakistan has issued major new guidelines for money changers across the country regarding the buying and…
US envoy says Exim financing to bring $2bn in mining equipment for Reko Diq

US envoy says Exim financing to bring $2bn in mining equipment for Reko Diq

ISLAMABAD: US Export-Import (Exim) Bank’s project financing will bring in up to $2 billion in high-quality US mining equipment and…
ADB revises Pakistan’s 2025 growth forecast upward to 3pc

ADB revises Pakistan’s 2025 growth forecast upward to 3pc

ISLAMABAD: The Asian Development Bank (ADB) has released its report on Pakistan’s economy. According to the ADB report, Pakistan’s GDP…
Goods transporters’ strike enters third day in Karachi

Goods transporters’ strike enters third day in Karachi

The ongoing strike by goods transporters entered its third day on Wednesday, and the supply of goods from Karachi to…
A 9300% decline of Pakistan Rupee against US dollar since 1947

A 9300% decline of Pakistan Rupee against US dollar since 1947

When Pakistan gained its independence in 1947, the exchange rate in 1 United States Dollar (USD) to Pakistan rupee (PKR)…
Gohar Ejaz demands review of expensive power plants

Gohar Ejaz demands review of expensive power plants

Economic Policy and Development Board Chairman Dr. Gohar Ejaz demanded that the current government review accords on expensive power plants,…
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