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Punjab CM's Electricity Bill Relief Discrepancy: Rs14 Per Unit Relief Only for Single-Phase Meters
Punjab CM Maryam Nawaz announced Rs14/unit relief on electricity bills for Sept & Oct, but it applies only to single-phase meters, not three-phase. LESCO cites technical reasons.
News Desk
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Sindh CM Approves Rs1.5 Billion for Repair of Karachi Roads Damaged by Monsoon Rains
Sindh CM Murad Ali Shah has approved Rs1.5 billion to repair Karachi roads heavily damaged by monsoon rains. Over 120 roads, bridges, and flyovers need urgent attention.
News Desk
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ADB to Provide $2 Billion Annually to Pakistan for Infrastructure and Climate Initiatives
The Asian Development Bank pledges $2 billion in annual aid to Pakistan for the next three years, focusing on infrastructure and climate resilience.
News Desk
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Pakistan's Food Import Bill Drops 18% in First Two Months of Financial Year
Pakistan's food imports drop 18%, with notable declines in milk, tea, and soybean, reducing the total import bill to $1.06 billion amid ongoing economic challenges.
News Desk
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PSX Rallies as SBP Cuts Policy Rate by 200bps
The PSX rallied today, boosted by a 200bps rate cut from the State Bank and optimism over the upcoming IMF meeting.
News Desk
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IMF Board Meeting on September 25 to Approve Special Loan Program for Pakistan
The IMF board meeting on September 25 is set to approve Pakistan's special loan program. IMF Director Julie Kuzek confirmed the meeting and Pakistan's progress on its 37-month loan terms.
News Desk
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Pakistan Clears Hurdles for IMF Program: State Bank Announces Key Financial Assurances
The State Bank of Pakistan confirms that all financial assurances for the IMF program have been secured. Pakistan will present its case at the IMF meeting on September 25, 2024. The government is optimistic about the approval of the special loan program.
News Desk
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Petroleum Minister Highlights Rs47.54 Drop in Fuel Prices Since May Amid Global Market Fluctuations
Petroleum prices in Pakistan have dropped by Rs47.54 per litre since May, with more reductions expected. Minister Musadik Malik explains how international fuel rates and rupee-dollar parity are impacting prices.
News Desk
