Finance Minister Miftah Ismail said Thursday that Chinese banks have agreed to refinance Pakistan with $2.3 billion worth of funds which will “shore up Pakistan’s foreign exchange reserves.” Taking to his Twitter handle, Miftah wrote: “Good news. The terms and conditions for refinancing of RMB 15 billion deposit by Chinese banks (about $2.3 billion) have مزید پڑھیں

The National Electric Power Regulatory Authority (Nepra) on Thursday approved a hike in the power tariff by Rs7.9 per unit on account of an increase in fuel prices, capacity cost and the impact of the rupee’s devaluation. In a brief, the power regulator said: “The tariff has been determined for the FY2022-23, which on national مزید پڑھیں

Finance Minister Miftah Ismail on Friday announced that the federal government had decided to raise the price of petrol by another Rs30, taking it to Rs209 per litre — a week after making a similar increase. The new prices will come into effect from midnight tonight. After the hike, the price of petrol will be مزید پڑھیں

Chief of Army Staff (COAS) General Qamar Javed Bajwa Thursday visited Command and Staff College where he met the faculty and addressed participants of the college, a statement issued by the Inter-Services Public Relations (ISPR) said. According to the statement, COAS Bajwa was received by Corps Commander Lieutenant General Sarfraz Ali. During his visit, the مزید پڑھیں

Moody’s Investors Service Thursday downgraded the outlook on Pakistan’s rating to negative from stable and affirmed the ‘B3’ local and foreign currency long-term issuer and senior unsecured debt ratings. The decision to change the outlook to negative is driven by Pakistan’s heightened external vulnerability risk and uncertainty around the sovereign’s ability to secure additional external مزید پڑھیں

Gold price remains unchanged in Pakistan amid instability in the international market and rupee appreciation against the US dollar. According to rates issued by the All Sindh Sarafa Association, gold prices remained stable at Rs137,300 per tola and Rs117,713 per 10 grams on Wednesday. Cumulatively, the precious metal has lost Rs6,000 per tola during the مزید پڑھیں

The National Electric Power Regulatory Authority (NEPRA) on Tuesday approved an increase of Rs3.99 per unit in the power tariff on account of fuel cost adjustment (FCA) for the month of April 2022. According to the facts, this move will impose an additional cost of Rs51 billion on electricity consumers, but K-electric and lifeline users مزید پڑھیں

Pakistan doesn’t want handouts, but investments from its Chinese friends, says Prime Minister Shehbaz Sharif. He was addressing a meeting of Chinese investor companies on Monday. The premier said that the friendship between Pakistan and China’s unwavering friendship has weathered storms and strengthened over time.

The federal government has scrapped the import ban on certain items, including cat and dog foods, the Ministry of Commerce said Saturday. The government had on May 19 imposed a ban on the import of non-essential luxury items under an “emergency economic plan” to “save the country precious foreign exchange”. The move was widely hailed مزید پڑھیں

The government on Thursday jacked up the price of petrol by Rs 30 per litre with immediate effect.Federal Finance Minister Miftah Ismail told a press conference that the IMF program could not move forward without raising the prices of petroleum products. Following Rs 30 per liter increase in price of Petrol the new price will مزید پڑھیں