Category: Business

IMF Approves First Review of Pakistan’s $7 Billion Loan, Cites “Strong” Progress on Reforms

IMF Approves First Review of Pakistan’s $7 Billion Loan, Cites “Strong” Progress on Reforms

The International Monetary Fund (IMF) has approved the first review of Pakistan’s $7 billion loan program, acknowledging the country’s “strong” progress on economic reforms. This positive assessment is a critical milestone for the country as it seeks to stabilize its economy, curb inflation, and restore investor confidence. Pakistan’s government, under

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PM Shehbaz Sharif Arrives in Azerbaijan to Attend 17th ECO Summit

PM Shehbaz Sharif Arrives in Azerbaijan to Attend 17th ECO Summit

Baku – June 26, 2025: Prime Minister Shehbaz Sharif arrived in Baku, Azerbaijan on Thursday to represent Pakistan at the 17th summit of the Economic Cooperation Organization (ECO). The high-level gathering of regional leaders aims to boost economic integration, connectivity, and sustainable development across ECO member states. The premier was

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KP Protests Omission of Key Power Projects from Centre’s Energy Expansion Plan

KP Protests Omission of Key Power Projects from Centre’s Energy Expansion Plan

Peshawar – June 25, 2025: The Khyber Pakhtunkhwa (KP) government has formally protested the federal government’s exclusion of two major hydropower projects from the latest National Electricity Plan 2024–30, accusing the Centre of undermining provincial development rights and energy autonomy. The projects in question — Balakot Hydropower Project (300MW) and

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Rs75 Trillion ‘Black Hole’: SOEs and Pensions Outpace Pakistan’s Development, Defence Spending

Rs75 Trillion ‘Black Hole’: SOEs and Pensions Outpace Pakistan’s Development, Defence Spending

Islamabad – June 22, 2025: A staggering Rs75 trillion fiscal burden created by state-owned enterprises (SOEs) and pension liabilities is threatening Pakistan’s economic stability, according to new data released in the government’s fiscal report. This hidden financial black hole has now overtaken combined allocations for development projects and even defence

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