Finance Minister Muhammad Aurangzeb on Sunday said that there was “no such thing” as strategic state-owned enterprises (SOEs) as he stressed the need for privatisation. He made the remarks at a pre-budget conference in Lahore, two days after Deputy Prime Minister Ishaq Dar said the government would limit its business only to strategic and essential SOEs under its domain but their number would b
An International Monetary Fund (IMF) mission will meet Pakistani authorities next week to discuss the “next phase of engagement”, an official from the international money lender said on Sunday. Speaking to Dawn.com, Esther Perez Ruiz, the Fund’s resident representative for Pakistan, said: “A mission team led by Nathan Porter, IMF’s mission chief to Pakistan, will meet with authorities next week
As unaffordable power supplies affect demand and push consumers out of the national grid, question marks are being raised over the procurement of imported coal for power plants in the long term despite the government’s and the International Monetary Fund’s (IMF) overall policy direction for localisation and import substitution. The power plants are getting into long-term coal import — a market
The stock market snapped a three-day losing streak on Thursday as selective value-hunting helped the benchmark KSE 100-share index close the session in the green territory. Ahsan Mehanti of Arif Habib Corporation said the World Bank’s reaffirmation of collaborating with Pakistan in structural reforms and sustainable development contributed to the PSX’s mild recovery. After completing his thr
Pakistan is engaging the Chinese leadership for the revival of more than 1800-megawatt of hydropower projects (HPPs) and investment from fresh Chinese companies in the country’s transmission and distribution network as part of the second phase of the China-Pakistan Economic Corridor (CPEC). The authorities are trying their best to convene a meeting of the Joint Cooperation Committee (JCC) of th