With less than a month to present the next fiscal year’s budget, the government is contemplating holding meetings of the Annual Plan Coordination Committee and the National Economic Council on May 23 and June 1, respectively, to finalise over Rs900bn worth of federal Public Sector Development Programme (PSDP). And even before these events, representing both the Centre and its federating units,
With less than a month to present the next fiscal year’s budget, the government is contemplating holding meetings of the Annual Plan Coordination Committee and the National Economic Council on May 23 and June 1, respectively, to finalise over Rs900bn worth of federal Public Sector Development Programme (PSDP). And even before these events, representing both the Centre and its federating units,
Pakistan’s external financing requirements have not been changed in talks with the International Monetary Fund over bailout funds, the IMF resident representative in Pakistan said, denying local media reports that the Fund was seeking fresh financing. “There is no truth to reports that the IMF is asking Pakistan to raise $8 billion in fresh financing,” Esther Prez Ruiz said in a text message se
Oil prices were steady on Monday as bullish sentiment about tightening supplies from OPEC+ cuts and a resumption in US buying for reserves competed with concerns about fuel demand in the top global oil consumers, the United States (US) and China. Brent crude futures fell 2 cents to $73.91 a barrel by 08:00 GMT, while US West Texas Intermediate crude was at $69.34 a barrel, up 4 cents. Last w
Finance Minister Ishaq Dar announced on Monday that the price of petrol was being cut by Rs12 and diesel by Rs30 per litre for the next fortnight. In a televised address, he said: “Prime Minister Shehbaz Sharif sahib and his government try to provide maximum relief to the public on the basis of prices in the international market. “Hence, after 12pm tonight, for the next 15 days, petrol price