In a televised address to the nation, Finance Minister Ishaq Dar explained his reason for not attending the World Bank/International Monetary Fund (IMF) spring gatherings to mollify currently unsteady market fears
Read MoreEconomy Still in ICU
Year: 2023
Internal Issues Repeal of Rules Affect NEPRA Performance
The power area’s administrative body, Public Electric Power Administrative Power (NEPRA), is supposed to confront an emergency like circumstance because of drawn out defer in endorsement of undertakings,
Read MoreDiscos Allowed To Extract Additional Rs15bn From Power Consumers
Around 100 plants paid Rs99bn in limit installments in Oct-Dec notwithstanding a large portion of them working at beneath 20pc
With close to 66% of force plants working at under 20% use factor, the Public Electric Power Administrative Power (Nepra)
Read MoreImport Restrictions Impacting 9 of 10 Businesses OICCI Survey
Import limitations as well as cutoff points on settlement of benefits positioned the most elevated in factors adversely affecting the vast majority of organizations over the most recent three months, a study uncovered.
Read MoreIMF Slashes Pakistan’s Growth Outlook To 0.5pc
Hinting at entrenched high inflation, the International Monetary Fund (IMF) on Tuesday lowered its forecast for Pakistan’s economic growth rate for the current fiscal year to just 0.5 per cent, with inflation going beyond 27pc and the unemployment rate increasing to 7pc.
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