Author: Admin

Pakistan Receives Over $1 Billion from IMF Under Extended Fund Facility

Admin
IMF-demand

KARACHI: The State Bank of Pakistan (SBP) confirmed on Wednesday that Pakistan has received over \$1.023 billion from the International Monetary Fund (IMF) as the second tranche under the 37-month Extended Fund Facility (EFF). This disbursement follows the IMF Executive Board’s completion of the first review of Pakistan’s economic performance under the EFF during its May 9, 2025 meeting. The Board approved the immediate release of SDR 760 million—approximately \$1.023 billion—bringing total disbursements under the facility to \$2.1 billion since its approval in July last year. The SBP noted that…

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Pakistan-India Talks Likely in Saudi Arabia with US, Saudi Mediation

Admin
pak-ind

ISLAMABAD: Diplomatic sources have revealed that Pakistan and India are expected to engage in high-level talks in Saudi Arabia, with mediation by the United States and Saudi Arabia. The discussions are likely to focus on the long-standing Kashmir dispute and the Indus Waters Treaty (IWT) — two of the most contentious issues between the nuclear-armed neighbors. This initiative comes amid renewed efforts led by US President Donald Trump and Secretary of State Marco Rubio, who recently facilitated a preliminary agreement to resume dialogue following heightened tensions between the two countries.…

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ECC Approves Shifting Rs4.12/Litre Relief in Fuel Prices to Oil Sector Stakeholders

Admin
Oil prices

ISLAMABAD: The Economic Coordination Committee (ECC) has approved a plan to redirect the relief of Rs4.12 per litre in petrol and high-speed diesel (HSD) prices to oil refineries, oil marketing companies (OMCs), and fuel dealers, starting from May 16, 2025, for a period of one year. In a meeting held on May 13, 2025, the ECC decided that this adjustment—meant to support stakeholders amid financial challenges—will be implemented through increases in the Internal Freight Equalisation Margin (IFEM), OMCs’ margin, and dealers’ commission. As a result, consumers will bear an additional…

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Petrol Prices Likely to Drop; KE Consumers May Get Relief

Admin
LNG

ISLAMABAD: Petroleum prices across Pakistan are expected to decrease in the coming days, alongside a significant reduction in regasified liquefied natural gas (RLNG) prices — a development likely to bring relief to electricity consumers particularly in Karachi. The Oil and Gas Regulatory Authority (OGRA) on Tuesday announced up to a 14% cut in RLNG prices for May. For Sui Northern Gas Pipelines Limited (SNGPL), the RLNG price at the transmission stage has been reduced by 12.42% to \$11.026 per mmBtu, while the distribution stage price has dropped by 12.51% to…

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