With the new government came a spate of policy statements on promoting solar energy as a substitute for generating power based on imported fuels. The prime minister has made several statements on fast-tracking 10 gigawatts of solar energy, while our energy minister recently unveiled a policy to fast-track the development of 600 megawatts of solar projects that are very attractive to investors.
Pakistan immensely benefited through the Trade and Supply Chain Finance Programme (TSCFP) of the Asian Development Bank (ADB) for food and agriculture-related imports during the past 18 months. TSCFP supported more than 1,900 food and agriculture-related imports valued at $2.3 billion to 10 countries in developing Asia, with most assistance going to Pakistan, Bangladesh and Vietnam, according t
The coalition government led by the PML-N remained indecisive even on Saturday over the fortnightly fuel price change, which should have been announced on Thursday midnight but sources said it is now likely to be made on Sunday (today). Based on the Oil and Gas Regulatory Authority’s (Ogra) calculations, the per-litre price of diesel was to be increased by around Rs2 and that of petrol to be re
The International Monetary Fund (IMF) on Sunday said it would support flood relief and reconstruction efforts in Pakistan under the current programme agreed to between the two, according to a statement from the IMF's resident representative in the country, Esther Perez Ruiz. The statement said that the IMF was "deeply saddened" by the devastating impact of the recent floods in Pakistan and exte
The State Bank of Pakistan (SBP) on Sunday announced that the Saudi Fund for Development (SFD) confirmed the rollover of a $3 billion deposit for one more year. The deposit was set to mature on December 5, the SBP tweeted, adding that the amount was placed with the central bank as part of its foreign exchange reserves. “This reflects continuing strong and special relationship between KSA (Ki