Pakistan Grapples with High Electricity Costs: Taxes and Solar Power Under Scrutiny Pakistan’s power sector faces a significant challenge: high electricity costs for consumers. In a recent meeting with the International Monetary Fund (IMF), Pakistani officials highlighted the impact of various taxes and subsidies on electricity bills. Here’s a breakdown of the key points: The…
Pakistan Sets Sights on Top 10 Economy by 2047: Minister Calls for Collaboration, Stresses Challenges at SDG Conference Pakistan Aims for Top 10 Spot by 2047: Minister’s Bold Vision Pakistan’s Minister for Planning, Development and Reforms, Ahsan Iqbal, has set an ambitious goal for the nation’s future. Speaking at a Sustainable Development Goals (SDGs) Conference…
Pakistan’s Economic Outlook: Modest Growth Amidst Global Challenges The United Nations has released its mid-year World Economic Situation and Prospects report, painting a mixed picture for Pakistan’s economy in 2024. While the report forecasts “modest economic growth” with a 2% GDP expansion, significant challenges remain. IMF Support and Tight Financial Conditions Pakistan’s recent Stand-by Arrangement…
Relief at the Pump: Pakistani Government Expected to Slash Fuel Prices Again In welcome news for Pakistani citizens grappling with inflation, the government is expected to announce a significant reduction in fuel prices starting May 16th. This would mark the second price cut in a month, offering much-needed relief to motorists and transportation sectors heavily…
Pakistan and the IMF: Charting a Course for Sustainable Growth Pakistan is on the cusp of a crucial meeting with the International Monetary Fund (IMF) next week. This high-level delegation, led by IMF Mission Chief Nathan Porter, will engage with Pakistani authorities to discuss the “next phase of engagement” – a phrase hinting at potential…
High Stakes Negotiations: Pakistan and IMF Brace for Crucial Talks on Bailout Package The stage is set for a high-stakes negotiation between Pakistan and the International Monetary Fund (IMF) as a crucial round of talks kick off today in Islamabad. With Pakistan seeking a larger and longer bailout package under the Extended Fund Facility (EFF),…
