New IMF Loan Program Only Possible After Budget
Discussions between Pakistan’s economic team and the International Monetary Fund (IMF) Mission this week will most likely end without a staff-level agreement, sources in the Finance Ministry told ProPakistani.
Sources said policy-level talks have so…
Power Generation Falls Again Despite Big Drop in Fuel Costs
Power generation in the country went down by 13.7 percent YoY to 8,639 gigawatts per hour (GWh) in April 2024, and down 2.4 percent YoY to 101.089 GWH in 10MFY24 compared to the same period last year.
On a month-on-month (MoM) basis, power generatio…
Pakistan’s Quarterly GDP Data Rollout An Important Step: World Bank
While the November release of quarterly national accounts represents an important step forward for economic statistics in Pakistan, projects are underway for future improvements, including further refinements of seasonally adjusted estimates for even…
Govt to Present Federal Budget 2024-25 on 7 June
Finance Minister Muhammad Aurangzeb will present the 2024-25 federal budget in parliament on June 7, 2024.
The budget session will initially start on Thursday, June 6, before presenting it in full on Friday (the next day). After Aurangzeb’s budget p…
PIA Shares to be Delisted From PSX This Week
Pakistan International Airlines Corporation Limited (PSX: PIAA) will officially close its books at the Pakistan Stock Exchange (PSX) on May 25, 2024.
This date has been set to determine the Class ‘A’ and Class ‘B’ shareholders of the company, a stoc…
PM Shehbaz Suspends 4 Senior Food Ministry Officials Over Wheat Imports Scandal
The inquiry committee has identified those responsible for the controversial import of substandard wheat since last year’s regime of the caretakers led by ex-Prime Minister Anwaarulhaq Kakar, high-level sources informed ProPakistani.
In a decisive m…
PRL Advances Refinery Expansion and Upgrade Project with Strategic Meetings in China
In a significant step towards enhancing Pakistan’s refining capabilities, senior management from Pakistan Refinery Limited (PRL) recently visited China to engage with Engineering, Procurement, and Construction (EPC) contractors and financial institut…
Pakistan Energy Symposium 2024: OICCI and Shell Pakistan Unite to Address Energy Challenges
Overseas Investors Chamber of Commerce and Industry (OICCI), and Shell Pakistan Limited are jointly hosting the Pakistan Energy Symposium. This dynamic event, curated by Nutshell Group, will take place on May 22, 2024, at a local hotel in Islamabad a…