The credit rating agency says that a “new deal” is key to the country’s credit profile, and we assume one will be achieved within a few months. Still, an extended negotiation or failure to secure it would increase external liquidity stress and raise the probability of default. Pakistan’s external position has improved in recent months, […]
The entire governmental debt and liabilities of Pakistan are starting to become unmanageable. Since 2011, the nation’s domestic debt has climbed six times while its external debt has doubled. “The debt crisis facing Pakistan is a significant, existential, and pressing issue that calls for quick and calculated responses. Debt repayments are at an all-time high, […]
According to Fitch Ratings, Pakistan may face difficulties in obtaining a financing agreement with the International Monetary Fund (IMF) to replace the Stand-By Arrangement (SBA), which is set to expire in March 2024, because of the highly contested outcome of the country’s most recent election and the political uncertainty that followed. Fitch issued a warning […]
The Khewari block in Sindh has yielded a noteworthy discovery of oil and gas, which has been declared by OGDCL, the largest oil and gas firm in Pakistan. The business reported its results to the Pakistan Stock Exchange, stating that significant reserves of gas and condensate had been found as a result of their successful […]
Gold Rate in Pakistan today on 19 February 2024 is being sold for Rs.180600 per 10 grams, and the price of Gold is RS. 210700 per tola in Pakistan today. Gold Rate In Pakistan Today Karachi is the central hub of the gold market, in Pakistan, Karachi is leading for the gold price; every city follows the Karachi Sarafa […]
As per details, the Pakistan government has proposed lowering the power tariff to 9 cents from 14 cents to the export sector. Sources familiar with the development said the plan will be enforced after approval of the international lender. It is to be noted that the International Monetary Fund (IMF) has once rejected the decision […]
Tesla CEO Elon Musk has long whetted fans’ and investors’ appetites for affordable electric vehicles and self-driving robotaxis that are expected to be made on next-generation, cheaper electric car platforms. Those models, including an entry-level $25,000 car, would allow it to compete with cheaper gasoline-powered cars and a growing number of inexpensive EVs, such as […]
The government’s proposal to raise sales tax on larger vehicles (1400cc and above) has been criticized by Pakistani automakers, who say it will negatively impact their already struggling industry. This was published by The News on Saturday. The hike in sales tax to 25% from 17% was agreed earlier this week by the Economic Coordination […]
According to official data released on Friday, the Sensitive Price Index (SPI) inflation rate decreased marginally in the week ending February 15 but remained high when compared to the same time in the previous year due to the ongoing surge in the costs of food and energy. Based on weekly price fluctuations of 51 basic […]
In the face of credible allegations of widespread corruption, the federal cabinet has noted that the mechanism governing drug prices has become exploitative and ineffective. The health ministry has labeled the 2018 Drug Pricing Policy as unfair because it guaranteed the pharmaceutical industry “supernormal profits.” During a meeting on December 13, 2023, the cabinet members […]
