Energy ministry failed to implement orders given by Pak-China Steering Committee
Economy
Analysts said the bullish trend was owed to better-than-expected current account deficit figures as well as the positive news flow from the IMF.
Jihad Azour, director of IMF Middle East and Central Asia Department, told journalists that the talks between the Fund and the Pakistan government on the sixth review of the $6 billion Extended Fund Facility had progressed to a “very good step”.
In the month of Sept-2021, the quantum of current account deficit has squeezed in comparison with Aug-2021
hanar Sugar Mills owner Javed Kayani, Shakar Ganj Sugar Mills owner Pervez Ahmed and two general managers have been arrested while police are conducting raids to nab the owner of Pasrur Sugar Mills.
Pakistan is seeking payment of $1 billion from the IMF under the bail out package
The government has further increased domestic petrol and diesel prices in a bid to pass on to consumers increase in international crude oil prices which have surged to $85/barrel
The cabinet has approved increase in power tariff through circulation summary.
Earlier, NEPRA had increased power tariff by Rs1.95 per unit on account of FCA for August 2021.