Prime Minister Shehbaz Sharif on Sunday issued directives for speedy completion of solar and wind energy projects. While chairing a meeting on renewable energy, he said it was the government’s main priority to encourage the production of electricity through solar and wind energy sources. The renewable sources would produce low-cost and environment-friendly electricity, he added. PM Shari
The upswing in the stock market continued on Thursday as stocks closed higher on the rupee’s recovery against the dollar. Ahsan Mehanti of Arif Habib Corporation Ltd said the local currency gained strength on the expected conclusion of the International Monetary Fund deal. In addition, press reports suggesting Qatar may consider buying shares in Oil and Gas Development Company Ltd and Pakist
READERS may remember there was much hue and cry over the amendments to the State Bank of Pakistan Act, 1956, that were legislated in January 2022. The present government, then in the opposition, had resisted it tooth and nail but let the law pass — thanks to establishment pressure — not necessarily as a reform measure but an obligatory IMF condition. The government’s concept of the central bank
Pakistan’s foreign exchange reserves held by the central bank decreased by $170 million to $2.9 billion in the week ending on February 3, the State Bank of Pakistan (SBP) said on Thursday. The country is locked in negotiations with the International Monetary Fund (IMF) to release much-needed money under a stalled bailout programme. A successful outcome with the IMF would also help to release
Three of every 10 adult Pakistanis are financially included, a measure that more than doubled between 2017 and 2022. The recently released Karandaaz Financial Inclusion Survey 2022 shows financial inclusion increased from 14pc in 2017 to 21 per cent in 2020 and reached 30pc in 2022. Financially included individuals are those who have an account in their name with a full-service financial insti