A labourer pulls a cart loaded with supplies to deliver to a nearby market in Karachi on May 24, 2023. — ReutersThe government has finally constituted the 11th National Finance Commission to come up with a new NFC Award to replace the 7th NFC Award, which was agreed to in May of…
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Pakistan, EIB sign €60m declaration for Karachi sewage project
Ministry of Economic Affairs Secretary Muhammad Humair Karim and European Investment Bank Head of Division of Asia Pacific Edvardas Bumsteinas signing declaration for Karachi Water Infrastructure Framework project. — Facebook/@EUinPakistanAgreement formalises financing for water…
Pakistan repays $1.4bn Chinese loan, awaits refinancing
A Pakistani national flag flies alongside a Chinese national flag in front of the portrait of Chairman Mao Zedong on Beijing’s Tiananmen Square. — Reuters Chinese refinancing expected within weeks.July debt servicing reaches $2.2bn.SBP reserves fall after heavy…
PIA privatisation possible by November this year, Senate standing committee told
A Pakistan International Airlines’ aeroplane can be seen in this undated image. —APP/File
Four firms join race and two fail to meet standards. Senate panel reviews progress on PIA, DISCOs, GENCOs, PMDC.Senators raise concern over PIA debt and energy supply.