Those who signed IPP contracts were mad

ECC of the Cabinet has approved Rs149 billion for the power sector to be paid to the IPPs and K-Electric in the current fiscal year.

No comparison with Sri Lanka should be made, SBP says

SBP emphasized that no comparison with Sri Lanka should be made and advised that we should stop politics on economic front.

Tarin reacts to the government’s claim on IMF deal

Shaukat Tarin blamed Miftah Ismail for “constantly telling lies” that the federal government had reached an agreement with the IMF.

Fitch’s downgrading rattles Pakistan’s stock market

The benchmark index was down over 1,000 points in intra-day trading after downgrading the outlook of Pakistan from stable to negative.

Pakistan’s outlook lowered from stable to negative: Fitch Ratings

Fitch lowered Pakistan's outlook from stable to negative citing the country's notable deterioration in external liquidity since early 2022.

Reko Diq alliance between Pakistan and Barrick: Evolving it as “world-class mine”

Finance Minister said the development of Reko Diq represented the largest direct foreign investment in Baluchistan.

Interim government cannot sign deal with the Fund: Sources

According to IMF sources, any delay could cause a delay in the board meeting that will approve the release of a $1.17 billion loan tranche.

Political upheavals plunge rupee to 215 against US dollar

During intra day trading on Monday, the rupee fell to 215 after a depreciation of nearly 1.9% against the US dollar in the inter-bank market.

Remittances rose to a record $31.2 billion in FY22: SBP

Inflow from workers’ remittances rose to a record $31.2 billion in FY22, 6 percent higher as compared to FY21.

Helping the brotherly neighbor: 120,000 MT wheat to be sold to the WFP

The federal government has decided to sell 120,000 MT of wheat to the UN's WFP for Afghanistan at full import cost in US dollars.

Streamlining coal import and transit trade: Pakistani delegation visits Kabul

Pakistani delegation visits Kabul to negotiate on trade, transit, transportation problems and night-time operations of border facilities..

$1.17 billion to be disbursed within three to six weeks: IMF

According to the IMF, its deal with Pakistan would result in a "straightaway" disbursement of $1.17 billion to the country.