During intra-day trading, the rupee was quoted at 232, down about 1.6 percent against the greenback at 1:50pm.

Government agreed to provide electricity to five export-oriented sectors across the country for one year at 9 cents per kWh and $9 per MMBTU.

There was a tax gap of Rs3,000 billion out of which Rs1,800 billion was a policy gap, due to tax exemptions/incentives given to some sectors.

Pakistan’s external debt include 9 percent from Eurobonds at end December 2021 and effective management of public debt has been a problem.

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.

Tesla, which caused a stir when it disclosed a significant investment in Bitcoin last year, has now sold off the majority of its holdings in the digital currency.

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

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

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

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

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

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.