part from Karachi, the load-shedding situation is also getting worse in Punjab as approximately six to eight hours of power outages are taking place across the province, while in the rural areas, electricity is being provided for only a few hours.
Economy
Prime Minister Shehbaz Sharif on Tuesday said that Pakistan’s “ultimate goal is self-reliance” in response to news that the country will receive not $1 billion but $2 billion in loans from the International Monetary Fund
There was a 15.67 percent drop from 21,201 MT worth $49 million imported in May 2021 to 17,879 MT worth $48.52 million imported in May 2022
ISLAMABAD: Pakistan today received the Memorandum of Economic and Financial Policies (MEFP) from the IMF which is a good omen…
The KSE-100 index surged to 41,878 points on Monday with a net gain of 826.78 points _ 2.01 percent while the volume of shares amounted to 122.621 million, involving an amount of Rs4.949 billion.
Saudi Arabia is also helping Pakistan utilise another existing oil financing facility with the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) group.
ISLAMABAD: Finance Minister Miftah Ismail said that the State Bank of Pakistan has received a loan of $2.3 billion from…
ISLAMABAD: Electricity prices are expected to rise from July 1, 2022 in different stages as the basic power tariff will…