Author: Admin

Islamabad – May 24, 2025: The International Monetary Fund (IMF) announced on Saturday that discussions with Pakistan on the upcoming fiscal year 2025-26 budget will continue in the coming days, following the conclusion of its latest mission visit. High-level policy talks between Pakistan and the IMF began on May 19 in Islamabad but ended without a conclusive agreement. As a result, the government has postponed its federal budget announcement to June 10. In a statement, IMF Mission Chief Nathan Porter described the talks as “constructive” and said negotiations would continue…

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ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday reaffirmed the government’s commitment to comprehensive *power sector reforms, emphasizing that curbing *circular debt and ensuring long-term energy sustainability remain high priorities. Chairing a high-level meeting on *gas supply and consumption, the prime minister was briefed on a *long-term strategy for stabilizing the gas sector. He expressed optimism that ongoing reforms, particularly in the natural gas domain, would play a critical role in gradually reducing and ultimately eliminating the sector’s persistent circular debt. Sharif welcomed the establishment of new exploration blocks aimed at…

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ISLAMABAD: Business sentiment in Pakistan has turned positive, with the Business Confidence Index (BCI) rising 16 percentage points to *+11%, up from *-5%* in the previous wave, according to the latest survey by the *Overseas Investors Chamber of Commerce and Industry (OICCI). The *Wave 27 BCI Survey, conducted in **March-April 2025, reflects growing optimism across the country’s key sectors. The *manufacturing sector led the rebound, improving from *-3% to +15%, followed by the **retail/wholesale sector, which climbed from *-18% to +2%*, while the *services sector rose from +2% to +10%.…

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