The central government’s debt, both within the country and to foreign entities, surged by nearly a third in the 12 months through August, reaching close to Rs64 trillion, State Bank of Pakistan data showed on Thursday. The 29 per cent increase in debt amounted to Rs14.4tr, as the figure stood at Rs49.57tr by the end of August 2022. Of the total amount, domestic debt rose 23pc to Rs39.79tr, u
The central government’s debt, both within the country and to foreign entities, surged by nearly a third in the 12 months through August, reaching close to Rs64 trillion, State Bank of Pakistan data showed on Thursday. The 29 per cent increase in debt amounted to Rs14.4tr, as the figure stood at Rs49.57tr by the end of August 2022. Of the total amount, domestic debt rose 23pc to Rs39.79tr, u
The European Parliament on Thursday unanimously voted to extend the current generalised system of preferences (GSP) for another four years until 2027 for developing countries, including Pakistan, to enjoy duty-free or minimum duty on exports to the European market. The parliament voted with 561 in favour, five against and two in abstention to extend the current rules on the GSP schemes, inclu
Pakistan and Kazakhstan have started formal talks to identify areas for promoting bilateral trade. Commerce Minister Gohar Ejaz held a virtual meeting with Minister of Trade and Integration of the Republic of Kazakhstan Shakkaliyev Arman. An official announcement issued after the meeting said Mr Arman emphasised the need for expanding cooperation in various sectors and increasing the trade v
The National Electric Power Regulatory Authority (Nepra) on Thursday notified an additional fuel cost adjustment (FCA) of Rs1.71 per unit for consumers of ex-Wapda distribution companies (Discos) with a net financial impact of Rs26.5 billion for electricity consumed in August. The “adjustment of Rs1.7141/kWh shall apply to all the consumer categories except Electric Vehicle Charging Stations (E