Tribune
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Per person debt rises nearly 50% | The Express Tribune
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[ad_1] ISLAMABAD: The Ministry of Finance has submitted a self-contradictory fiscal policy statement in the National Assembly that also hid critical information from legislators, undermining the spirit of law that requires objective explanation of fiscal indicators. The Fiscal Policy Statement 2021-22 also showed that per person debt burden increased to Rs179,070 at the end of…
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IMF approves $1 billion tranche, makes public new conditions | The Express Tribune
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[ad_1] ISLAMABAD: The executive board of the International Monetary Fund (IMF) on Wednesday revived Pakistan’s $6 billion Extended Fund Facility (EFF) programme, paving the way for the disbursement of about $1 billion tranche. The move comes after the Pakistan Tehreek-i-Insaf (PTI) government had narrowly managed to get the crucial State Bank of Pakistan (Amendment) Bill…
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IMF approves $1b loan tranche for Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: The executive board of the International Monetary Fund on Wednesday revived Pakistan’s stalled programme and cleared $1 billion tranche after Islamabad gave absolute autonomy to the central bank and took around Rs800 billion measures. The executive board, that met in Washington, also waived off few conditions to pave the way for the release…
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Market watch: Uptrend continues at PSX ahead of IMF meeting | The Express Tribune
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[ad_1] KARACHI: The ongoing rally continued at the Pakistan Stock Exchange on Wednesday and the KSE-100 index breached the 46,000-point mark as investors anticipated the resumption of International Monetary Fund (IMF) loan programme. The IMF board was set to meet late on Wednesday and review Pakistan’s case as the country met its prior conditions. Market…
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Mian Mansha chairs British Asian Trust panel | The Express Tribune
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[ad_1] The British Asia Trust has appointed Mian Muhammad Mansha, a leading businessman of the country, as the chair its advisory council in Pakistan. The trust has also appointed Amin Mohammad Lakhani (managing director at Lakson Group), Sayed Zulfikar Bukhari (National Tourism Coordination Board chairman) and Tariq Rangoonwala (chairman of the Board, Rangoonwala Group of Companies, Pakistan) as members of the…
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Inflation skyrockets to two-year high level | The Express Tribune
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[ad_1] ISLAMABAD: The inflation rate steeply rose to 13% in January – the highest level in two years – due to a surge in prices of food, housing and transport, as the country also starts to embrace the worst impact of the inflationary mini-budget. The Pakistan Bureau of Statistics (PBS) on Tuesday reported that the…
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Inflation skyrockets to two-year high | The Express Tribune
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[ad_1] ISLAMABAD: The inflation rate steeply rose to 13% in January – the highest level in two years – due to a surge in prices of food, housing and transport, as the country also starts to embrace the worst impact of the inflationary mini-budget. The Pakistan Bureau of Statistics (PBS) on Tuesday reported that the…
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‘Use of suction pumps major cause of gas scarcity’ | The Express Tribune
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[ad_1] KARACHI: Increase in exports and reduction of trade deficit is an important component of the present government’s strategy, said Sindh Governor Imran Ismail. Presiding over a meeting of Sindh Industrial Liaison Committee (SILC) at the Governor House on Tuesday, he discussed the issues being faced by industrial areas of Karachi, particularly the suspension of…
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Report praises liquidity flow during pandemic | The Express Tribune
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[ad_1] LAHORE: It is no surprise that the Pakistan Bureau of Statistics has revised fiscal year 2020- 21’s real GDP growth rate to 5.57% following receipt of updated economic data, stated a research report. A fact sheet, issued by the Institute for Policy Reforms (IPR) on Tuesday, noted that the government took positive action by…
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NEPRA takes notice of unscheduled outages | The Express Tribune
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[ad_1] ISLAMABAD: Taking notice of unscheduled load-shedding across the country, the National Electric Power Regulatory Authority (Nepra) has directed distribution companies (DISCOs) to avoid this practice as it is in clear violation of Nepra laws. The regulator has taken notice of consumer complaints regarding aggregate, technical and commercial (AT&C) based load-shedding in the country, according…
