The National Electric Power Regulatory Authority (Nepra) is set to hold a public hearing on August 31 regarding a proposed fuel cost adjustment (FCA) of Rs4.69 per unit for July’s electricity consumption, requested by the Central Power Purchasing Agency (CPPA) on behalf of power distribution companies (Discos). This adjustment, reflecting …
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The global economy is facing a “perfect storm” due to a commodities super-cycle and rising interest rates in the US and EU, leading to capital flight from emerging economies like Zambia, Sri Lanka, Suriname, and Lebanon. Pakistan, however, has managed to avoid default through fiscal adjustments and import limitations, improving …
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The Economic Coordination Committee (ECC) of Pakistan’s Cabinet, led by Finance Minister Miftah Ismail, approved significant changes to the Liquefied Natural Gas (LNG) Policy, facilitating future private sector involvement in LNG terminals. This move comes ahead of Prime Minister Shehbaz Sharif’s visit to Doha, aiming to attract Qatari investment in …
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The National Key Sectors Export Strategy (NPSES) was announced by the Ministry of Commerce in Pakistan on Friday to boost exports, focusing on ten pivotal sectors. This strategy is aligned with the Strategic Trade Policy Framework 2020–25, which was approved in November 2018 and identifies 18 key industries for targeted …
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THE digital revolution is truly transforming Pakistan’s economy and has become an important source of income from abroad. In the last fiscal year, total exports of digital services stood at $2.6 billion with an average of 40pc growth per annum over the last four years. The growth in the digital …
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ISLAMABAD: The government’s first focus is to promote export-oriented industries, as Finance Minister Miftah Ismail reassured delegates of the textile industry on Thursday. The finance minister further instructed the appropriate authorities to settle all the concerns as soon as possible during a meeting with the textile exporters. For the second …
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On Thursday, the rupee saw a little decline vs the US dollar, dropping seven paise in the interbank market. The State Bank of Pakistan (SBP) reports that the rupee depreciated by 0.03 percent, closing at 214.95. After rising 11.62 percent versus the US dollar over the preceding 11 sessions, …
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The monthly PDL hikes of Rs. 5 and Rs. 10 for gasoline and diesel; no currency rate intervention; a 10-week import reserve cover; and the phaseout of the Ehsas Ration Program ISLAMABAD: The government has committed to the International Monetary Fund (IMF) to increase the petroleum development levy (PDL) on …
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A perfect storm is sweeping through the world economy. The super-cycle in commodities has driven up the cost of necessities to all-time highs. On the other hand, as interest rates rise in the US and EU markets, emerging countries are facing a capital flight. Depleting central bank reserves and growing …
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KARACHI: The State Bank of Pakistan reports that after 11 working days, the US dollar managed to gain ground against the rupee, finishing at Rs214.88. After rising 11.62 percent versus the US dollar over the preceding 11 working days, the rupee lost 0.46 percent on Wednesday. The currency market was …
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