Stacks of Pakistani rupee notes seen in this undated image. — AFP/FileFederal finance minister to chair new NFC.Provinces nominate experts alongside finance ministers.Terms include tax, grants and fiscal powers.ISLAMABAD: President Asif Ali Zardari has formally constituted…
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Remittances, lower services imports boost country’s current account surplus
A foreign currency dealer counts US dollars at a shop in Karachi, on May 19, 2022. — AFP/FileCurrent account surplus reached $427 million in February.External account stabilised with adequate buffers, says govt adviser.Khurram Schehzad terms it key milestone for economic…
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…
SBP likely to hold interest rate at 11% amid inflation risks
State Bank of Pakistan building is seen in this undated image. — SBP/FileAnalysts expect no rate cut in upcoming SBP policy meeting.Rising food prices keep central bank cautious on rate decision.IMF urges SBP to keep monetary policy tight and data-driven.
The State Bank of…