Govt to decide on deregulation of petroleum products in crucial meeting today | The Express Tribune
Listen to article A meeting is set to take place today regarding the potential delegation of fuel price-setting authority to oil marketing companies (OMCs), sources within the Petroleum Ministry confirmed. Petroleum Minister Musadik Malik will preside over the meeting, which will examine the transfer of power to determine petroleum product prices to OMCs, following an office order […]
NEC finally gets a shape before next week meeting | The Express Tribune
ISLAMABAD: President Asif Ali Zardari on Friday constituted the National Economic Council aimed at enabling the coalition government to approve new fiscal year’s development budget and macroeconomic framework. The President of Pakistan is pleased to constitute the National Economic Council, according to a notification issued by the Cabinet Division on Friday. The federal government had convened […]
In meeting with IMF chief, PM Shehbaz discuses new loan agreement
On the sidelines of the World Economic Forum Special Meeting in Riyadh, Prime Minister Shehbaz Sharif on Sunday discussed new loan agreement with International Monetary Fund (IMF) Managing Director Kristalina Georgieva. In his first meeting with the IMF chief since his re-election, PM Shehbaz reiterated his government’s commitment to put Pakistan’s economy back on track, […]
SBP expected to maintain policy rate in meeting today
State Bank of Pakistan’s (SBP) old building. — AFP/File The monetary policy rate is likely to remain unchanged as the monetary policy committee of the State Bank of Pakistan (SBP) conducts a meeting in Karachi today. In a statement on Monday, the central bank said its committee will meet today to decide on the new […]
SBP holds key rate at 22% for fourth straight meeting | The Express Tribune
KARACHI: In line with market expectations, Pakistan’s central bank on Tuesday left its key policy rate unchanged at a record high of 22% ahead of the International Monetary Fund (IMF) board’s potential approval for the release of the next loan tranche of $700 million to the country in January 2024. This was the fourth consecutive […]
In meeting with Dutch counterpart, PM Kakar seeks investment in Pakistan
Caretaker Prime Minister Anwaar-ul-Haq Kakar meets his Dutch counterpart Mark Rutte on the sidelines of the high-level segment of the UN’s 28th Conference of Parties on December 1, 2023. — PID DUBAI: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Friday met his Dutch counterpart Mark Rutte and invited Netherlands’ businessmen to invest in the agriculture, horticulture, […]
SBP governor assures global investors of meeting IMF targets
SBP Governor Jameel Ahmad addressing a press conference in this undated picture. — AFP/File State Bank of Pakistan (SBP) Governor Jameel Ahmad on Friday informed global investors that Pakistan was “on track” to address the longstanding structural weaknesses, adding that the country is “very comfortably” placed to meet the targets set by the International Monetary […]
SBP denies holding emergency MPC meeting
An undated image of the State Bank of Pakistan (SBP) building. — AFP The State Bank of Pakistan (SBP) on Friday rejected the reports of holding an emergency meeting of the Monetary Policy Committee (MPC) amid the continuing decline in the value of the local currency against the US dollar. “The reports making rounds in […]
‘PTI relevance beyond doubt,’ says Raoof Hasan after IMF meeting
IMF headquarters in Washington, USA. — AFP/File Pakistan Tehreek-e-Insaf (PTI) information secretary Raoof Hasan declared Saturday that the International Monetary Fund’s (IMF) delegation’s meeting with PTI Chairman Imran Khan established “beyond proof” the party’s relevance in the country. “The meeting of the IMF delegation [with Khan] proves the political relevance of PTI […] beyond any […]
PM terms Paris meeting with IMF chief ‘turning point’ to clinch SBA
Prime Minister Shehbaz Sharif, Finance Minister Ishaq Dar addressing the media after overseeing the signing of the SLA with IMF. — Screengrab/PTV/YouTube After Pakistan clinched the staff-level agreement (SLA) with the International Monetary Fund (IMF) on a stand-by arrangement (SBY), Prime Minister Shehbaz Sharif termed his meeting with Managing Director Kristalina Georgieva in Paris as […]