The International Monetary Fund (IMF) bailout package has not yet instilled confidence among Pakistan's foreign creditors, which disbursed only $2.7 billion in loans during the first four months of the current fiscal year, down by more than half, show official statistics. The Ministry of Economic Affairs has released the official disbursement data for the July-October period of fiscal year 2024
Equities fell like nine-pins on the Pakistan Stock Exchange (PSX) on Tuesday as the PTI protest in the capital rattled the market confidence, sending investors into panic selling. As a result, the benchmark KSE 100 index suffered the biggest single-day plunge amid growing uncertainty. After a positive start towards the psychological barrier of 100,000, the stock prices witnessed a bloodbath tri
Belarusian President Aleksandr Lukashenko on Tuesday expressed interest in purchasing textile products from Pakistan in a meeting with Prime Minister Shehbaz Sharif, according to state-run Radio Pakistan. Lukashenko arrived in the capital on Monday for a three-day visit seeking to strengthen bilateral relations, with a focus on boosting trade and economic cooperation. The Belarusian president
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