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Monthly Archives: April, 2020

Strategies Needed to Safeguard Pakistan’s Agriculture Sector

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MNS-University of Agriculture, Multan Vice-Chancellor Dr. Asif Ali said that Pakistan's foreign trade is affected by restrictions on COVID-19, and trade in fruits and vegetables would be...

Gwadar Port Can Open New Markets for Pakistan

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The adviser to prime minister on commerce said that the operationalization of Gwadar Port as a big success. However, it would be a real achievement if...

Anomalies in the Power Sector Caused over Rs. 4 Trillion Loss to National Kitty

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The national kitty has suffered a loss of more than Rs 4 trillion over the past 13 years due to circular debt and subsidies provided to...

Oil Nosedived Below Zero for First Time with May Contract Ending

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For the first time, oil futures plunged to below zero, as the worsening economic uncertainty triggered by the coronavirus crisis left traders scrambling to prevent physical...

Pakistan Has Not Applied for Debt Relief from G20 Countries

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IMF’s Resident Chief Teresa Daban Sanchez said that Pakistan has not so far applied for debt relief from G20 countries as neither Islamabad nor any other...

IMF & World Bank to Disburse Financial Aid Amid Coronavirus

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The International Monetary Fund (IMF) and the World Bank are providing emergency funds for developed and low-income countries around the world to support their efforts to...

Finance Ministry Blames SBP of Causing Rs6.5b Loss

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The Ministry of Finance (MoF) has said that State Bank of Pakistan (SBP) “facilitated speculative behaviour” of commercial banks last year which caused a loss of...

Renegotiating Contracts for Power Projects

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The demand for oil, which was already below installed capacity and committed imports, has deteriorated further, almost by an average of 50%. There are several refineries that are...

Pakistan could Seek Debt Repayment Relief of up to $12 Trillion

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Countries in the G20 group have decided to suspend debt payments for the world’s poorest economies as they are already having a hard time dealing with...

SBP Cuts Key Interest Rate by 2%

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Pakistan State Bank (SBP) cut its main interest rate by two% on Thursday. The current average has fallen from 11 to 9%. The Monetary Policy Committee of the...
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