China is ready to work with Pakistan to develop an “upgraded version” of the China-Pakistan Economic Corridor (CPEC) project, Foreign Minister Wang Yi told his Pakistani counterpart on Wednesday. In talks with Ishaq Dar, Pakistan’s new deputy prime minister, Wang hailed the “ironclad” relationship between the neighbouring countries and pledged to advance CPEC, the South China Morning Post repo
The study by Islamabad-based think tank has blamed the obsolete and inefficientpower plants for circular debt crisis in the country. The report by Centre for Research and Security Studies (CRSS) highlighted the challenges facing Pakistan’s power sector and criticised the officials for their deliberate negligence. The report titled ‘Circular Debt Reduction Is Possible In a Single Click to Sav
The government has formally sought about a 25 per cent increase in the base national electricity tariff to become effective from July 1, 2025, to secure a revenue requirement of about Rs4 trillion in FY25 for power companies. The National Electric Power Regulatory Authority (Nepra) has called a public hearing on May 23 to examine a petition filed by the Central Power Purchasing Agency (CPPA) of
The remarkable rally continued at the Pakistan Stock Exchange (PSX) on Tuesday as bulls powered the KSE-100 index to a new record peak above 74,500 points in what analysts said was deep investor interest ahead of budget announcement amid hopes of a larger IMF loan deal. Despite initially trading at the intra-day low of 73,977 points, the index swiftly gathered steam. Citibank’s projection of a
Pakistan’s central bank has projected that the country’s economic growth would remain moderate, sticking to its original forecast of 2-3% growth in the ongoing fiscal year 2023-24. It says that achieving a higher growth trajectory over the medium to long run depends on reforms addressing lingering structural issues. In its report on the ‘State of Pakistan’s Economy for the First Half of Fiscal