After attracting flak for its move to reduce the buyback rate from Rs27 to Rs10 per unit, the government has decided to revisit its solar net metering policy by taking all stakeholders on board. In the weekly cabinet meeting, chaired by Prime Minister Shehbaz Sharif on Wednesday, the federal cabinet decided to broaden the scope of consultations on solar net metering regulations recently approve
Pakistan and the International Monetary Fund (IMF) have agreed to introduce a new carbon levy, reduce electricity tariffs, increase water pricing, and open up the automobile sector to global trade under the Staff-Level Agreement (SLA), announced on Wednesday. “The IMF team has reached a SLA with the Pakistani authorities on the first review of the 37-month Extended Arrangement under the Exten
After receiving a massive battering overnight, the Pakistan Stock Exchange (PSX) witnessed another highly volatile session on Tuesday but managed modest gains on selective value-hunting amid sharply lower volume. Topline Securities Ltd said the PSX experienced a volatile session attempting to recover from Monday’s sharp sell-off. The index initially strengthened, climbing 464 points at its
The finance ministry on Tuesday in its monthly economic outlook report said that the remittances were expected to maintain their upward trajectory due to the seasonal factors of Ramazan and Eid. “The external account position has strengthened, driven by continued increase in exports and a noteworthy rise in remittances despite an upward trend in imports,” it said, adding that the seasonal facto
The inaugural EU-Pakistan Business Forum is set to take place in Islamabad from May 14-15 to enhance economic cooperation, according to a joint announcement by the government and European Union delegation on Tuesday. The EU is the largest single market in the world and the largest destination for Pakistani ex-ports. The EU is also the world’s largest foreign investor representing 42 per cent of