- 7 May, 2024
Economy
Bad Economics: Rupee Tampering Is Making Currency Market Unsustainable
Almost 3 months into office, the coalition government has pulled off a critical feat in a country long ravaged by inflation. Believe it or not, the new finance team has stabilized the currency – by tampering with it.
A high-profile Karachi-based cur…
Pakistan Considering Digital Currency Adoption, Says Aurangzeb
Pakistan is considering the possibility of introducing digital currency within its borders, Finance Minister Muhammad Aurangzeb said during a session of the World Economic Forum (WEF) on Sunday.
Speaking at the event, Aurangzeb briefly discussed Pak…
Mari Petroleum to Invest Rs. 2.5 Billion in Mining Subsidiary
The Board of Directors of Mari Petroleum Company Limited (PSX: MARI) in its meeting held on April 26, 2024, approved an investment of upto Rs. 2.5 billion in Mari Mining Company (Pvt) Limited (MMC) by way of equity injection, the exploration firm tol…
Planning Ministry Seeks Exemptions For Hiring Consultants For Ministries
The Ministry of Planning, Development and Special Initiatives is seeking exemption from the Public Procurement Regulatory Framework (including PPRA Rules and Regulations) for the special program for hiring consulting firms to support the ministries.
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IMF Board Likely to Approve $1.1 Billion Final Tranche for Pakistan Today
The Executive Board of the International Monetary Fund (IMF) will meet today to discuss releasing SDR 828 million (around US$1.1 billion) to Pakistan as the third and final token of its $3 billion Stand-By Arrangement, Finance Ministry sources told P…
PM Shehbaz Discusses New Loan Program With IMF MD in Riyadh
On the sidelines of the World Economic Forum Special Meeting in Riyadh, Prime Minister Muhammad Shahbaz Sharif met Kristalina Georgieva, Managing Director (MD) of the International Monetary Fund (IMF).
The Prime Minister thanked Georgieva for her su…