ISLAMABAD: Pakistan approved fresh applications of 74 International Non-Governmental Organisations (INGOs) out of total 141 outfits who submitted applications for fresh registration, showing a 50 per cent approval rate, the Foreign Office…
ISLAMABAD: Saudi Ambassador to Pakistan Nawaf Saeed Al-Malki said Wednesday that Pakistan will receive the first instalment of Saudi aid amounting to $3 billion in the next few days to address its financial crisis. The Kingdom…
–Govt decides to withdraw Rs146bn subsidy being given to domestic consumers –Power Ministry proposes up to Rs20.70 per unit increase in price of electricity to fulfill key IMF demand ISLAMABAD: The federal government…
ISLAMABAD: The government’s Spokesperson on Economy and Energy Affairs Dr Farrukh Saleem has said visiting friendly countries for financial assistance was a better option than falling to the tough conditions of the International…
–Asad Umar says indecision over approaching IMF didn’t lead to stock market crash –Khursheed Shah criticises Asad Umar’s for leaving the session, Opp stages walkout –Foreign minister says Saudi bailout has no…
–Finance Minister Umar says tariff increase will generate additional Rs130bn, will not affect 70pc consumers –Asserts no conditions attached to Saudi bailout, Pakistan to plan for IMF after receiving estimates of financial…
–ECC approves increase in tariff for consumers using more than 300 units, allows five per cent decrease in electricity rates for agriculture sector –Consumers using 300-700 units will pay 10 per cent…
—PM Khan against burdening masses with increase in power tariff, orders alternative solutions —Asks officials to work on tariff rationalisation, curtailing line losses and electricity theft ISLAMABAD: The Economic Coordination Committee (ECC),…
—Govt defers matter as authorities asked to work on tariff rationalisation, curtailing line losses and electricity theft —Energy ministry says improvement in distribution, transmission systems requires time, investment —ECC to meet again…
–Premier unhappy with ‘segments of bureaucracy and police loyal to previous regimes that are hindering implementation of PTI’s policies at administrative level’ –No NRO with Opp as accountability of plunderers will continue…
–Finance minister says govt trying to bridge $12bn financing gap through policies, bailout programme –Says economy improving as exports have increased, imports are down, remittances have grown by 13% KARACHI: Finance Minister Asad…
–Imran Khan will travel to Riyadh on Oct 23 to participate in Saudi investment moot, hold meetings with Saudi royal family –PM expected to push Saudi royals for financial assistance ahead of…
ISLAMABAD: Minister for Finance Asad Umar on Monday said the bailout package of the International Monetary Fund (IMF) would be presented in the parliament. “The Pakistan Tehreek-e-Insaf (PTI) government has reduced the burden…
—PSX slides by 750 points as uncertainty looms over IMF bailout for PTI govt —Rupee falls by 1.31 against dollar, analysts say govt should take investors and businessmen into confidence over policies…
BEIJING: China on Monday said that it supported the International Monetary Fund (IMF) in carrying out an objective and professional evaluation of Pakistan’s financial situation and assisting it in dealing with current…
ISLAMABAD: The Pakistan Economy Watch (PEW) on Sunday said that Prime Minister Imran Khan will make Pakistan a respected and developed country and not compromise on national interest. Masses should reject the…
–State Dept spokeswoman says Fund would require absolute transparency on Pakistan’s debts, including those owned by China WASHINGTON: The United States has held Pakistan’s burden of Chinese debt as one of the reasons…
