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‘Status quo can’t be maintained’: Energy minister confirms talks with IPPs to reduce power rates
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[ad_1] A worker of Peshawar Electric Supply Company (PESCO) climbs up a high-voltage pylon in Peshawar, August 7, 2017. — Reuters Confirming the coalition government’s efforts to renegotiate contracts with independent power producers (IPPs) to reduce “unsustainable” electricity tariffs, Energy…
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SBP maintains status quo in interest rate at 22%
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[ad_1] The facade of the State Bank of Pakistan’s building in Karachi. — AFP/File In line with the market expectations, the State Bank of Pakistan (SBP) Monday decided to hold the key policy rate at 22%. In a statement, the…
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Monetary policy: SBP maintains status quo at 15%
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[ad_1] State Bank of Pakistan— AFP/File KARACHI: In line with the market expectation, the State Bank of Pakistan (SBP) Monday kept the key interest rate unchanged at 15% for the next seven weeks. “The committee was of the view that…
