Pakistans
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Pakistan’s oil output drops by 25% in 10 years: PPIS | The Express Tribune
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Listenย toย article Crude oil production in Pakistan decreased from 94,500 barrels per day in 2015 to 70,500 barrels per day in 2024, according to the Pakistan Petroleum Information Service (PPIS). Gas production also saw a significant decline, dropping by 900 million…
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SIFC initiatives boost Pakistan’s exports to $30.64 billion | The Express Tribune
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ISLAMABAD: Pakistan achieved a remarkable boost in its exports during the fiscal year 2023-2024, driven by the efforts of the Special Investment Facilitation Council (SIFC), according to data released by the Pakistan Bureau of Statistics (PBS), The country’s export of…
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Capacity charges are just the tip of Pakistan’s power sector iceberg | The Express Tribune
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Pakistanโs power sector woes are a hot topic, often attributed to capacity charges as the primary cause of circular debt and high electricity costs. However, the reality is far more complex. The public’s lack of exposure to the true causes…
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IMF identifies โloopholesโ in Pakistanโs failure to boost exports | The Express Tribune
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The International Monetary Fund (IMF) has pinpointed several loopholes in Pakistan’s export strategy, attributing them to the countryโs inability to boost its exports, according to media reports. In a report submitted to the Pakistani government, the IMF highlighted significant weaknesses…
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Capacity charges driving up Pakistanโs electricity costs | The Express Tribune
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The escalating electricity costs in Pakistan are largely attributed to capacity charges, with 22 government-owned companies accounting for a substantial 48% of these charges. In the past three months alone, these companies have received a staggering Rs169.36 billion in capacity…
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IMF agreement boosts Pakistanโs funding prospects: Moodyโs | The Express Tribune
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PAKISTAN: Global rating agency Moodyโs on Tuesday said that Pakistanโs staff-level agreement with the International Monetary Fund (IMF) has improved the funding prospects, but the ability to sustain reforms is key to easing liquidity risks. In a press release,ย Moodyโs stresses…
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Pakistanโs agriculture exports reach record $8 billion | The Express Tribune
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Pakistan has achieved a significant milestone in agricultural sector with agro-exports reaching an unprecedented 8 billion US dollars mark for the first time in previous fiscal year from July 2023 to June 2024, Pakistani Commerce Minister Jam Kamal Khan said…
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Pakistan’s SOEs losses hit Rs905 billion in FY23
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A repersentational image of a graph. โ Unsplash Pakistan’s state-owned enterprises (SOEs) losses hit a staggering Rs905 billion in the fiscal year 2022-23, showing a 23% swell compared to the previous fiscal year of 2021-22. It was revealed in a…
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Pakistan’s inflation to decline in FY25: Fitch
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The headquarters of Fitch Ratings Ltd. stands in the Canary Wharf business and shopping district in London, UK. โ AFP As Pakistan prepares to enter a new International Monetary Fund (IMF) programme, Fitch Ratings has predicted a drop in inflation…