A foreign currency dealer counts US dollar notes at a currency market in Karachi on July 19, 2022. — AFPPakistan’s dollar bonds return 24.5%, the highest in Asia.Eurobond comeback in 2026 marks return after nearly five years.IMF-backed reforms, tax hikes underpin investor…
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Govt plans phase-out of protected power consumers
A power technician while fixing electric meters in Pakistan. — AFP/File
The government is working on phasing out the protected electricity consumer category, a top official informed lawmakers on Tuesday, in a move that would replace subsidised tariffs with direct cash transfers for…
Three petrol cargoes expected to arrive today: petroleum minister
A cargo ship carrying crude oil can be seen at the Karachi Port Trust in this photograph taken on June 11, 2023. — AFP Govt plans energy conservation as oil prices surge.Pakistan may face $600m rise in monthly oil import bill.Oil prices may hit $120 if conflict escalates:…
Pakistan tells IMF it is ready to raise interest rates
A view of the International Monetary Fund logo at its headquarters in Washington, DC, US, November 24, 2024. — ReutersGulf war risks drive inflation and policy concerns.Pakistan pledges exchange flexibility as shock absorber.Action plan promised to curb remittance subsidy…