Stellantis Leads Europe’s Car Sales Comeback Amid EV Surge Europe’s car market is showing signs of life again, with Stellantis posting its first sales growth in over a year, boosted by strong demand for plug-in hybrid (PHEV) and battery-electric (BEV) vehicles. The European auto industry, still grappling with challenges like U.S. import tariffs, rising competition […]
Pakistan Signs Rs1.275 Trillion Deal to Settle Circular Debt ISLAMABAD – Pakistan has taken a major step to tackle its longstanding circular debt in the power sector, signing a Rs1.275 trillion financing agreement with commercial banks. The signing ceremony was held at the Prime Minister’s Office (PMO) in Islamabad, while Prime Minister Shehbaz Sharif joined virtually […]
Pakistan, IMF Discuss Flood Recovery and Economic Targets New York: Sources familiar with the talks say Pakistan and the International Monetary Fund (IMF) are in discussions not only about the country’s economic program but also about flood recovery and revenue-boosting measures. The IMF team has already met with provincial officials to review proposals aimed at […]
Pakistan Launches Subsidized Housing Loans for First-Time Buyers ISLAMABAD – The government has unveiled a new initiative aimed at helping first-time homebuyers secure affordable housing loans. Under the program, eligible individuals can apply for loans ranging from Rs 2 million to Rs 3.5 million. The State Bank of Pakistan has set the loan tenure at […]
He reaffirmed Pakistan’s commitment to fostering constructive and forward-looking relations with Bangladesh, based on mutual respect, trust, and shared aspirations for regional peace and prosperity. The “warm and cordial” meeting took place on the sidelines of the 80th session of the United Nations General Assembly (UNGA). During the discussion, the two leaders reviewed the current […]
Govt Allows Import of Used Cars with New Policy, ECC Approves Duties and Grant ISLAMABAD – The Economic Coordination Committee (ECC), chaired virtually by Finance Minister Muhammad Aurangzeb, has approved major changes to the import policy, paving the way for the commercial import of used vehicles. According to the Ministry of Finance, the Import Policy […]
Pakistan Prepares for Two-Phase IMF Talks Amid Flood Challenges ISLAMABAD — Pakistan is gearing up for two rounds of crucial discussions with the International Monetary Fund (IMF), sources confirmed. The first phase will focus on technical matters, followed by high-level policy negotiations. Officials said meetings are scheduled with the Ministry of Finance, the Ministry of […]
The meeting was also attended by US Consul General Charles Goodman, Political Officer Jared Hansen, Principal Secretary Agha Wasif, and other officials. Matters including flood response, food security, energy, security cooperation, and investment opportunities were discussed. During the talks, the Chief Minister reaffirmed his commitment to launching the Keti Bunder Port Project, terming it a […]
PM Highlights Pakistan’s Reforms in Meeting with World Bank President New York: Prime Minister Sharif met with World Bank Group President Ajay Banga on the sidelines of the 80th United Nations General Assembly, updating him on Pakistan’s wide-ranging reform agenda. The discussions covered efforts in resource mobilization, energy sector reforms, privatization, and measures aimed at […]
PM Hails IMF Support as Pakistan Shows Signs of Economic Recovery New York: Prime Minister [Name] praised the International Monetary Fund (IMF) for its enduring support to Pakistan during a meeting with IMF Managing Director Kristalina Georgieva on the sidelines of the 80th UN General Assembly session. The Prime Minister highlighted the IMF’s constructive partnership […]
