DESPARDES — In July 2018, a month before the PTI took over the reins of the government, our Current Account Deficit (CAD) stood at $2.13 billion (for that month alone).

Continue readingPak Economy: Dollars & Sense, National Security

PKONWEB — The International Monetary Fund (IMF) has projected that the Federal Board of Revenue (FBR) is likely to collect around Rs 5.5 trillion during current fiscal year (2019-2020) which

Continue readingIMF’s Latest Pak Economy Forecast Stress On Fiscal Discipline, Taxes

PKONWEB — Pakistan has launched a program called “Regulatory Guillotine” to improve business regulations in an attempt to enhance ease of doing business and attract investment. Through this program, two

Continue readingPakistan Introduces ‘Regulatory Guillotine’, Invites So Korea Investment

Last year, 41% of generation was on imported fuels. “That is just way too high,” said Nadeem Babar, head of Pakistan’s energy task force. DESPARDES — Pakistan is planning a

Continue readingTHE SHIFT: Pakistan Targets Fourfold Increase in Renewables Over 10 Years

BE2C2 — With a huge waste to energy potential in the country, such as the Landhi Cattle Colony aka Bhains Colony (to name one) in country’s economic powerhouse, Kuwait’s national

Continue readingKuwaiti Co. Foraying Into ‘Waste Energy’ in Sindh, Landhi Cattle Colony Could Be the First

Reko Diq bloodbath could have been avoided, and it still can be: monetizing the obvious loss, and not arguing the fait accompli— both can run concurrently. IRSHAD SALIM (Updated) —

Continue readingHow Much Pakistan May Have Lost While Contesting Reko Diq Challenge

The federal government also expressed serious concern over delays and held Port Qasim Authority (PQA) responsible for the holdup. DESPARDES — The award of contract to a lone bidder (favored

Continue reading‘Fishy Deal’: Five, Not Single Firm to Compete for Third LNG Terminal at Port Qasim

Overseas Pakistanis added $1.3bn more this year to the official economy and to the disposal income of 1.6m households they support. IRSHAD SALIM — Pakistan, in a first, has crossed

Continue readingGifting Each Pakistani Expat Honorary Tax Payer’s Certificate (NTN)

PKONWEB — The International Monetary Fund (IMF) has released $1 billion to Pakistan immediately and said the 39-month $6 billion loan program aims to “support the authorities’ economic reform program”

Continue readingIMF Releases $1 Billion; Deal Opens Up Door to Other Global Lending Orgs.

PKONWEB — Pakistan will start receiving Saudi oil on deferred payment facility from July 1, a press statement from the Saudi embassy in Islamabad confirmed late Monday. “Pakistan will start

Continue readingSaudi Oil For Pakistan On Deferred Payment Starts July 1