ISLAMABAD: An Inte­r­national Monetary Fund (IMF) mission led by Iva Petrova is due to visit Pakistan on Feb 26 to review implementation of the $7 billion Extended Fund Facility (EFF) and the $1.1bn Resilience and Sustainability Facility (RSF), officials said. During the almost two-week visit ending March 11, the engagements would be of greater significance as both […]

Field Marshal General Asim Munir on Tuesday met with prominent figures from Pakistan’s business community in Islamabad, where he was briefed on the country’s economic outlook and policy concerns, according to informed sources. The meeting was led by former caretaker federal minister Gohar Ijaz and included APTMA Chairman Kamran Arshad, SM Tanveer, the President of […]

Pakistan’s businessmen are gaining confidence about the prospects of their businesses that they believe are improving, according to the latest Gallup survey. However, a majority of them still opine that the country is not heading in the right direction, a perception that the survey report said may be reflective of the overall political situation in […]

In a significant move aimed at easing the burden on consumers and revitalizing industrial productivity, Prime Minister Shehbaz Sharif recently announced a substantial reduction in electricity tariffs across Pakistan. Effective immediately, electricity rates have been cut by Rs. 7.41 per unit for domestic consumers and Rs. 7.59 per unit for industrial consumers. This policy shift […]