Finance Minister Muhammad Aurangzeb will be in the US next week for meetings with the IMF and World Bank, a visit that has taken on added urgency amid concerns of a looming trade crisis following the tariffs imposed by the Trump administration. The minister is scheduled to arrive in Washington on April 21 to attend the 2025 Spring Meetings of the IMF and World Bank. Diplomatic sources sugge
The Water and Power Development Authority (Wapda) has hit back at the Central Development Working Party (CDWP), justifying an ‘astronomical increase’ in the cost of the Dasu Hydropower Project from Rs480bn to Rs1.74tr with 10-year delay. In its documents submitted to the CDWP, Wapda has also disclosed the transportation of Chinese engineers and workers engaged in the multi-billion-dollar projec
Despite a fall in system losses, the Oil and Gas Regulatory Authority (Ogra) on Monday notified over 5 per cent increase in the price of Regasified Liquefied Natural Gas (RLNG) at the transmission stage sale by the two Sui gas companies for the ongoing month. Karachi-based Sui Southern Gas Company Limited (SSGCL) serves consumers in Sindh and Balochistan, and its system losses at the distributi
The World Bank Group is looking into new investment opportunities through private-public partnerships in Pakistan besides supporting the expansion of modern digital metering systems across the power utilities in the country. Two related delegations of the World Bank and its commercial arm, the International Finance Corporation (IFC), had detailed engagements with the ministers of finance and po
Prime Minister Shehbaz Sharif is expected to announce a package for overseas Pakistanis today (Tuesday), Overseas Pakistanis Foundation (OPF) Chairman Syed Qamar Raza said on Monday. Speaking at the Overseas Pakistanis Convention 2025, held at the Convention Centre in the capital, he said the package would aim to address key concerns raised by the diaspora, and would include proposals submitte