Auto financing increased for the second consecutive month by 3.7 per cent month-on-month to Rs236 billion in October compared to Rs227.541bn in September and Rs227.296bn in August thanks to falling interest rates. However, the outstanding loans plunged by 10.7pc year-on-year, according to data released by the State Bank of Pakistan (SBP). In September, auto financing was revived after 27
The National Electric Power Regulatory Authority (Nepra) on Tuesday noted that the negative fuel cost adjustment (FCA) requested by ex-Wapda distribution companies (Discos) would actually result in an average tariff increase of 26 paise per unit in December. A senior Nepra official told a public hearing that the Central Power Purchasing Agency (CPPA) sought Rs1.02 per unit negative FCA for the
Pakistan’s exports to five central Asian countries (CACs) witnessed a paltry growth of 1.09 per cent during the first four months of the current fiscal year over the corresponding period last year. Despite the existing prospects, the country’s exports to the region have yet to attain their full potential. Similarly, imports from Tajikistan, Uzbekistan and other countries to Pakistan have not in
Pakistan is seeking additional financial and technical support from the World Bank, including developing an effective and transparent budget-making process and a uniform provincial mechanism for agricultural tax and climate resilience. The bank has already committed to a financial pipeline of about $10 billion over the next five years, with an average of $2bn per annum, under the next Country P
Pakistan and Belarus on Tuesday signed a three-year, wide-ranging ‘Roadmap for Comprehensive Cooperation’ agreement, aimed at strengthening economic ties between the two countries. The Roadmap for Comprehensive Cooperation between Pakistan and Belarus for 2025-27, described by the Pakistani government as a “key outcome” of the visit, was among 15 Memorandums of Understanding (MoUs) and agreem