Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chaired a meeting of the Economic Coordination Committee of the Cabinet on January 6, 2024.— APPFCA parity approved to ensure nationwide tariff balance.Subsidies to offset FCA gap for K-Electric.FCA application to…
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IMF board meets on December 8 to approve $1.2bn for Pakistan
The International Monetary Fund logo is seen inside the headquarters at the end of the IMF/World Bank annual meetings in Washington, US, October 9, 2016. — Reuters$1.2bn disbursement expected to arrive on December 9.Tranche consists of $1bn EFF and $200m RSF.SLA reached on October 14…
Iran’s rial hits new low after unrest sparked by economic crisis
A currency dealer poses for a photo with a US one dollar bill and the amount being given when converting it into Iranian rials in an exchange shop in Tehran. — Reuters/File Rial has lost about 5% in January, says currency tracker.Statistical Centre reports YoY inflation reaches…
Saudi Prince Mansour bin Saud to acquire majority stake in K-Electric
A view of the K-Electric head office in Karachi. — K-Electric website/File
Prince Mansour set to buy controlling shares in K-Electric.AsiaPak Investments confirms sale of 53.8% stake in KESP.KE ownership dispute nears end with Saudi acquisition deal.