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Petroleum Prices Likely to Rise Sharply From March 1, OGRA Recommends
OGRA recommends a petrol hike of Rs 4.58/litre, diesel up Rs 4.73, kerosene Rs 6.88, and light diesel oil Rs 5/litre from March 1. Experts warn it may worsen inflation and affect essentials.
News Desk
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Power Sector Losses Hit Rs 472 Billion in FY 2024-25, NEPRA Report Shows
Electricity distribution companies caused Rs 472B loss in FY 2024-25 due to transmission, distribution, and short collection issues. PESCO tops the list at Rs 87B loss.
News Desk
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IMF Delegation Arrives in Pakistan for Fourth Tranche Loan Review
An IMF delegation has arrived in Karachi to review Pakistan’s economic performance under the $7B loan program, including foreign exchange reserves, inflation, and banking policies. Pakistan aims to secure the fourth tranche and $200M under the RSF climate fund.
News Desk
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Pakistan’s Debt Surges by $138 Billion; Interest Payments Soar 84% in 3 Years
Pakistan’s outstanding debt tops $138B, with interest payments jumping 84% in 3 years. $13.3B spent annually on debt, including $3.6B in interest.
News Desk
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IMF Credits Pakistan’s EFF Policies for First Current Account Surplus in 14 Years
The IMF praises Pakistan’s economic policies under the $7bn EFF and $1.1bn RSF, noting strong fiscal performance, first current account surplus in 14 years, and a primary fiscal surplus of 1.3% of GDP. IMF review team to visit Feb 25.
News Desk
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Petrol, Diesel Prices Likely to Rise by Up to Rs6.55 Per Litre from Feb 16
Petroleum prices expected to rise from Feb 16: petrol may go up by Rs4.39/litre, diesel by Rs5.40. OGRA to send summary for PM Shehbaz Sharif’s approval.
News Desk
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Pakistan, US Agree to Strengthen Mining, Minerals, and Energy Partnerships
Pakistan and the US agree to boost cooperation in mining, minerals, and energy sectors. Interior Minister Mohsin Naqvi assured safe environment for American investors.
News Desk
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Pakistan, US Agree to Strengthen Mining, Minerals, and Energy Partnerships
Pakistan and the US agree to boost cooperation in mining, minerals, and energy sectors. Interior Minister Mohsin Naqvi assured safe environment for American investors.
News Desk
