The National Electric Power Regulatory Authority (NEPRA) has deferred its decision regarding the request from power distribution companies (DISCOs) to raise the electricity price by Rs5.6194 per unit, citing fuel charges adjustment (FCA) for December 2023. Earlier, the Central Power Purchasing Agency (CPPA), at the behest of DISCOs, submitted an application to NEPRA seeking an increase in elect
Pakistan’s central bank has allowed commercial banks to make up to 100% import payment in advance without acquiring prior approval, liberalising the import regime after the country’s foreign exchange reserves improved recently. The softening of trade instructions rules aims to instil confidence in foreign sellers and domestic buyers, potentially easing the hardships faced by traders on imports
Pakistan’s central bank has allowed commercial banks to make up to 100% import payment in advance without acquiring prior approval, liberalising the import regime after the country’s foreign exchange reserves improved recently. The softening of trade instructions rules aims to instil confidence in foreign sellers and domestic buyers, potentially easing the hardships faced by traders on imports
Two days after the central bank elevated its inflation forecast, the federal government on Wednesday significantly upwardly revised its projection, stating that inflation may remain around 28.5% in January due to food supply shocks. In its flagship monthly economic outlook report, the finance ministry anticipates inflation to be around 27.5%-28.5% in January, a 3.5% increase from the previous f
Two days after the central bank elevated its inflation forecast, the federal government on Wednesday significantly upwardly revised its projection, stating that inflation may remain around 28.5% in January due to food supply shocks. In its flagship monthly economic outlook report, the finance ministry anticipates inflation to be around 27.5%-28.5% in January, a 3.5% increase from the previous f