An employee arranges a solar panel during a marketing demonstration in a park in Islamabad. — AFP/FileReport says surge in solar imports driven by high electricity tariffs.Report prepared jointly by finance ministry, climate change ministry. Pakistan must invest in…
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IMF’s executive board approves $1.32bn disbursement to Pakistan
This image shows the seal for the International Monetary Fund in Washington, DC on January 26, 2022. — AFP
IMF completes third review of Pakistan’s EFF and second review of RSF.Approves immediate disbursement of $1.1bn under EFF, $220m under RSFTotal disbursements under…
US approves temporary sale of stranded Russian oil to India
A crude oil tanker sails in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. — ReutersWaiver issued to keep oil flowing into market.Russia won’t gain much benefit from it: US.US allows sale of oil as of March 5, 2026.
The US government on Thursday…
Five private firms pitch proposals for ferry service from Gwadar to Gulf region
A general view of the port before the inauguration of the China Pakistan Economic Corridor port in Gwadar, on November 13, 2016. — Reuters Ferry routes to link Gwadar Port with key Gulf destinations.Minister orders to conduct further evaluations of proposals.CM Bugti assures…