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IMF Executive Board okays $1.1bn loan tranche for Pakistan - Daily Times
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ISLAMABAD:
The National Electric Power Regulatory Authority (Nepra) has approved a seven-year, Rs392 billion investment plan for K-Electric (KE) to improve its electricity supply network.
In the plan submitted to the power-sector regulator, KE pointed out that there would be an increase of Rs1.9 per unit in transmission tariff and Rs1.3 per unit in…
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ISLAMABAD:
The government, on Monday, greenlit the acquisition of a hefty $500 million loan from the Asian Development Bank (ADB) aimed at fostering an ‘enabling environment to attract private investment’. This strategy, while addressing immediate fiscal requirements, is also driving Pakistan further into the debt trap.
The Central Development Working Party (CDWP) endorsed the…
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CM Maryam okays launch of 'Nawaz Sharif Kissan Card' - Daily Times
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ISLAMABAD:
The federal government has allowed the export of flour with the condition that it should be produced from imported wheat, it emerged on Thursday.
A notification issued by the commerce ministry read that Export Policy Order 2022 had been amended for this purpose. Commerce ministry sources said there were satisfactory and abundant reserves…
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ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) approved an increase of Rs2.75 in the electricity tariff applicable from April across the country under fuel price adjustment (FCA), ARY News reported.
The power regulatory body forwarded its decision to the federal government for notifying the hike in the power tariff.
After the notification, the…
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ISLAMABAD:
The World Bank has approved nearly $150 million in loans for two projects, including $72 million in additional funding for a scheme plagued by delays and loan cancellations.
The Board of Directors of the World Bank approved the Digital Economy Enhancement Project costing $78 million amid a ban on the use of X…
" ISLAMABAD: The World Bank has approved $149.7 million in financing for Pakistan to support two projects, the Digital Economy Enhancement Project ($78 million) and Sindh Barrages Improvement Project ($71.7 million).
According to a statement, the Digital Economy Enhancement Project ($78 million) will support the expansion of digitally enabled public services delivery for citizens and…
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ISLAMABAD: The Capital Development Authority (CDA) on Tuesday approved the development of the country’s largest IT Park in Islamabad, ARY News reported.
A plot, measuring 3.3 acres, has already been reserved for the purpose in sector G-10 of the federal capital.
Around five to six thousand freelancers will be able to work in the…