Pakistan to end rooftop net metering for solar panels
During ongoing negotiations with the International Monetary Fund (IMF), Pakistan announced its decision to discontinue the net metering policy for rooftop solar panels. This change will shift to gross metering, potentially making electricity more expensive for consumers. Policy Shift Details According to The Express Tribune’s Shahbaz Rana, Pakistan informed the
IMF uncertain about approving new loan for Pakistan
During a briefing in Washington, International Monetary Fund (IMF) Director of Communications, Julie Kozack, stated that it is still too early to determine whether ongoing discussions with Pakistan will result in a new loan package. When asked if the talks could lead to a staff-level agreement on a new loan
What does Pakistan need to do to get a fresh bailout package from IMF?
Pakistan’s economic managers are currently grappling with three pressing issues to stabilize the economy and achieve growth. Engaging with the IMF To navigate these challenges, the economic managers are actively engaging with the International Monetary Fund (IMF). They aim to convert ongoing discussions into formal talks for a new bailout
Bank borrowings hit Rs6.2 tr in just 10 months
WEB DESK: Pakistan’s government surpassed its treasury bills auction target, raising Rs640 billion on Wednesday, while simultaneously reducing the cut-off yields for various tenors by up to 49 basis points. Despite a target of Rs450 billion, the overwhelming response saw bids totaling over Rs1.8 trillion, indicating investors’ preference for risk-free
IMF recommends Pakistan to increase GST to 18 pc
WEB DESK: The International Monetary Fund (IMF) has proposed that Pakistan elevate its general sales tax (GST) to 18 per cent, as disclosed in recent discussions between the IMF delegation and Pakistani authorities regarding a potential new loan arrangement. During four extensive rounds of talks, the IMF mission expressed concerns
Power Division rubbishes reports of increase in electricity prices
The Ministry of Energy’s Power Division (MEPD) dismissed reports on Tuesday regarding an increase in electricity prices. The spokesperson for the Power Division emphasized that there have been no discussions with the IMF concerning raising electricity prices. More to follow
Electricity tariff expected to rise by Rs7 per unit in July
Pakistan has notified the International Monetary Fund (IMF) of a potential increase in the average electricity tariff by Rs. 5 to Rs. 7 per unit in July, owing to annual adjustments. Despite multiple price hikes, the country is expected to miss its circular debt reduction target. During ongoing discussions about
Price of petrol expected to drop from Thursday
The price of petrol in Pakistan is expected to decrease by Rs13 from May 16. Additionally, the price of diesel could see a reduction ranging from Rs8 to Rs9.50 per liter, according to details in the forthcoming review scheduled for May 15. Senior officials of the Ministry of Energy informed
IMF warns of significant risks to Pakistan’s debt repayment capacity
IMF has expressed concerns over Pakistan’s ability to handle its debt amidst its economic challenges. The statement follows the arrival of an IMF support team in Pakistan to discuss a potential bailout package. According to the IMF’s recent staff report, Pakistan’s debt repayment capability faces significant risks, heavily reliant on
Harvard students to study Pakistan’s ‘Nazuk Mor’
WEB DESK: The case study titled “Pakistan at 75: When Will the ‘Nazuk Mor’ End?” is circulating in WhatsApp groups and designed for use in Professor Alberto Cavallo’s Business, Government, and the International Economy course at Harvard Business School during the Spring 2024 semester. This MBA program holds the impressive
