Pakistan requires $62bn to $155bn for energy sector till 2030: ADB
Power, energy sector need most significant investments. Pakistan requires $62bn to $155bn for energy sector till 2030: ADB. The Asian…
Economy
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S&P Global Ratings downgrades Pakistan’s credit score
Fitch and Moody’s have already ranked Pakistan’s bonds below investment grade. S&P Global Ratings has downgraded Pakistan’s credit score due…
World Bank approves $1.69bn financing for Pakistan’s flood rehabilitation efforts
WB says Sindh was the worst-affected province by floods. World Bank approves $1.69bn financing for Pakistan’s flood rehabilitation efforts. The…
Pakistan’s current account deficit plunges 86% to 19-month low
Pakistan posted deficit of $276 million in November, SBP data shows. Pakistan’s current account deficit plunges 86% to 19-month low….
Pakistan’s remittances drop 14% to $2.1bn in November
Receipts contract by 4.8% in Nov compared to Oct 2022. Pakistan’s remittances drop 14% to $2.1bn in November. Remittances sent…
ADB approves $100m loan for skills training in Pakistan
The Asian Development Bank approved a $100 million loan to help improve technical and vocational education and training (TVET) in…
Default threat still not over: Miftah Ismail
Calling Imran ‘the father of default’, Miftah said Khan is responsible for pushing Pakistan towards default. Default threat still not…
ADB approves $554m flood assistance package for Pakistan
“This project will help to rebuild critical infrastructure in affected areas and restore rural livelihoods,” Zhukov said. ADB approves $554m…
Alarming: Foreign exchange reserves plunge to lowest since 2019
With the current foreign exchange reserves position, Pakistan has an import cover of less than one month. Alarming: Foreign exchange…
Senate finance panel told: 767 money-laundering complaints received since 2016
The FBR said 767 complaints of alleged money laundering were received out of which 254 notices were dispatched. Senate finance…