A technician fixes new electricity meters at a residential building in Karachi. — AFP/FileSolar electricity exported to grid to be credited at lower rate.Previously units imported and exported were balanced one-for-one.Got, Discos term it necessary to cover grid infrastructure…
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IMF forecasts Pakistan’s inflation rate to hit 6% in FY26
People buy dry fruits at a market in Karachi.— Reuters/FileIMF maintains Pakistan’s growth at 3.6% for ongoing fiscal year.Unemployment rate likely to come down to 7.5% in Pakistan. Global inflation rate projected to decline to 3.7% in 2026.
The International Monetary…
Pakistan awards 23 offshore oil exploration blocks after 18-year gap
A general view of the Equinor’s Johan Sverdrup oilfield platforms in the North Sea, Norway. — Reuters/FileFirst offshore bidding round by Pakistan since 2007.Four local-led consortia win exploration rights.Turkish national oil company TPAO among foreign partners.
Pakistan…
IMF team due on Sept 25 for second review talks under $7bn loan programme
Image shows the seal for the International Monetary Fund in Washington, DC on January 26, 2022. — AFPMacroeconomic framework might be re-adjusted due to floods.GDP growth to be revised downward due to impact on agriculture.CPI-based inflation might go up beyond envisaged target…