Finance Minister Muhammad Aurangzeb has said that structural reforms are being undertaken in the power sector to improve its efficiency and service delivery. During a meeting with the K-Electric delegation on Tuesday, the minister said the reforms included the reconstitution of the boards of directors of Discos by bringing in professionals from the private sector and reducing the number o
The government will borrow Rs3.5 trillion during the next three months to meet the increasing liquidity requirement. The State Bank’s calendar shows that the government will raise Rs3.475tr from Sept 4 to Nov 27 through treasury bills. However, this amount is less than the maturing amount of Rs4.594tr during the same period. Over the past several years, the government’s substantial borrowing
The Prime Minister’s Steering Committee for Gemstones approved a series of reforms on Tuesday to revitalise the sector, with a key decision to bring the industry under the Ministry of Industries. The meeting, chaired by Minister for Privatisation Abdul Aleem Khan, included stakeholders such as federal ministers, secretaries, senior officials and private sector representatives. They discussed
The State Bank’s Monetary Policy Committee (MPC) will convene tomorrow (Thursday) to decide on the country’s monetary policy, including the key interest rate, amid demands for a major rate cut. The committee “will meet on Thursday, Sept 12, 2024, to decide about the monetary policy. Later on, the SBP will issue the Monetary Policy Statement through a press release on the same day”, the central
Pakistan Stock Exchange (PSX) on Monday faced a downward trajectory amid volatile trading as the KSE-100 index dipped over 280 points, following a broad slump in global equities and political instability worries. In the morning, the index kicked off trading on a promising note, reaching its intra-day high of 79,214.27 points. However, the early optimism quickly vanished when the bourse reversed