Imran Ali Kundi

  • ISLAMABAD       -   World Bank is envisaging financing of about $2 billion for Pakistan for the reconstruction and rehabilitation of flood-affected areas and to strengthen Pakistan’s resilience to climate-related risks. “As immediate response, we ...

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  • ISLAMABAD   -    Despite revival of International Monetary Fund)’s loan programme, Pakistan has not yet received major financing from the bilateral and multilateral sources during the first two months (July and August) of the current fiscal year amid declining foreign ...

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  • ISLAMABAD-Inflation based on Sensitive Price Index (SPI) surprisingly declined massively by 8.11 percent during the week ended on September 22.The SPI based inflation has recorded decline of 8.11 percent during the week ended on September 22 over the preceding week, according to the latest data of ...

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  • ISLAMABAD    -   Pakistan’s current ac­count deficit has re­markably shrunk by 42 percent in August mainly due to the mea­sures taken by the gov­ernment to curtail the imports of the country.  The current account deficit (CAD) has been recorded at ...

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  • ISLAMABAD-World Bank has assured Pakistan to lend support for long-term reconstruction efforts after devastating floods in the country and repurposing the funds under existing projects for the procurement of emergency equipment. Martin Raiser, Vice President of World Bank for South Asian ...

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  • ISLAMABAD-The Asian Development Bank (ADB) has approved a $100 million results-based loan to help strengthen the quality of secondary healthcare in Khyber Pakhtunkhwa province.The program will help improve the delivery of health services at secondary hospitals by modernizing infrastructure and ...

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  • ISLAMABAD    -    Minister of State for Finance and Revenue Dr Aisha Ghous Pasha on Wednesday said that Pakistan is expecting to re­ceive $2 billion including $1.5 billion from Asian Develop­ment Bank (ADB) and $500 million from Asian Infrastruc­ture ...

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  • ISLAMABAD    -    The Economic Coordina­tion Committee (ECC) of the Cabinet has approved funds Rs 10 billion to National Di­saster Management Authori­ty (NDMA) with direction to the Finance Division to imme­diately release Rs 5 billion to NDMA. Federal Minister ...

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  • ISLAMABAD-Senate Standing Committee on Privatisation on Tuesday asserted the need for expediting the process of privatisation of Lahore Electric Supply Company Limited (LESCO). A meeting of the Senate Standing Committee on Privatisation was held on Tuesday at Parliament House. Senator Shamim ...

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  • ISLAMABAD - Islamabad Chamber of Commerce and Industry (ICCI) has called upon the government to urgently lift ban on commercial and domestic new gas connections as the business community and the people are facing great difficulties due to continuous ban.Muhammad Shakeel Munir, President, ICCI said ...

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  • ISLAMABAD - The Central Power Purchasing Agency (CPPA) has sought 22 paisas per unit increase in power tariff on account of fuel charges adjustment (FCA) for DISCOS for the month of August. The CPPA has submitted plea to the National Electric Power Regulatory Authority (NEPRA) on account of ...

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  • ISLAMABAD - National Assembly Standing Committee on Finance and Revenue has directed the State Bank of Pakistan to keep an eye on the rising trend of inflation rate and dollar rate. The Standing Committee on Finance and Revenue met under the chairmanship of Qaiser Ahmed Sheikh, MNA in the ...

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  • ISLAMABAD - Inflation based on Sensitive Price Index (SPI) for the consecutive second week has recorded minor decline during the week ended on September 15 over the preceding week as prices of vegetables and fruits decreased.The SPI based inflation has recorded decline of 0.19 percent during the ...

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  • ISLAMABAD - National Assembly Standing Committee on Economic Affairs has directed to give detailed briefing on the problematic projects relating to energy and water sector and to submit updated detail of foreign funded projects.The meeting of the Standing Committee on Economic Affairs Division was ...

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  • ISLAMABAD - Federal Minister for Commerce Syed Naveed Qamar on Thursday said that the opening of Pakistan-Iran ‘Pishin Border Market’ is expected in the coming month, which will increase the trend of free trade between the two countries.The Pishin border market had been completed and ...

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  • ISLAMABAD - The Asian Development Bank (ADB)’s loan and grant disbursements to Pakistan amounted to $1.31 billion during the year 2021, comprising $0.3 billion in programme lending and $1.01 billion from project lending and $3 million from grants.“ADB’s support to Pakistan’s ...

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  • ISLAMABAD - The foreign remittances sent by overseas Pakistan showed growth of nearly 8 percent on monthly basis and were recorded at $2.7 billion in August.“Workers’ remittances recorded an inflow of $2.7 billion during August 2022,” said State Bank of Pakistan. In terms of ...

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  • ISLAMABAD - The Cabinet Committee on Privatization (CCOP) on Tuesday has directed the Power Division to carry out the complete evaluation of the assets of three DISCOs by the reputed valuation firm and to present synopsis of financial health of companies.Federal Minister for Finance and Revenue ...

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  • ISLAMABAD    -    The Ministry of Economic Affairs has noted that Pakistan’s risk of default is low mainly due to the revival of the International Monetary Fund’s programme, loans from multilateral and bilateral development partners and issuance of bonds in the ...

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  • ISLAMABAD - Canada has expressed heartfelt condolences on the devastating floods in Pakistan and offered to provide financial assistance in infrastructure, energy and even agriculture sector, once the need assessment is done. “We are mindful of the disaster of floods that Pakistan is ...

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  • ISLAMABAD    -   Finance Minis­ter Miftah Ismail on Wednesday said that inflation would slow down from next month, which has recently touched multi-decade level of 27.3 percent in August due to the gov­ernment’s economic decisions. “The nation would have to bear ...

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  • Finance minister says govt needs to import cotton bales as flood has damaged local production. ISLAMABAD    -   Finance Minis­ter Miftah Ismail on Wednesday said that inflation would slow down from next month, which has recently touched multi-decade level of 27.3 percent in August due to ...

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  • ISLAMABAD - Pakistan and Asian Infrastructure Investment Bank on Wednesday signed advance loan agreement worth $1.6 million for Lahore Water and Wastewater Management Project. Federal Minister for Economic Affairs, Sardar Ayaz Sadiq witnessed the signing ceremony of agreement at Ministry of ...

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  • ISLAMABAD     -    The Asian Development Bank (ADB) has noted that Pakistan witness­es higher loss of $2.244 billion per annum due to the floods and earth­quake, which is highest absolute amount of loss of any country in the Central Asia Regional Economic ...

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  • IMF assesses high risk of debt distress in country with its debt carrying capacity as weak. ISLAMABAD     -    The Asian Development Bank (ADB) has noted that Pakistan witness­es higher loss of $2.244 billion per annum due to the floods and earth­quake, which is highest absolute amount ...

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  • ISLAMABAD - Federal Minister for Finance and Revenue Miftah Ismail on Monday said that the government wants to enhance the overall exports of the country and every possible support will be provided in this regard. The finance minister held a meeting with delegation of Pakistan Textile ...

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  • ISLAMABAD - Federal Minister for Finance and Revenue Miftah Ismail on Monday said that the government wants to enhance the overall exports of the country and every possible support will be provided in this regard. The finance minister held a meeting with delegation of Pakistan Textile Exporters ...

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  • ISLAMABAD   -    Pakistan has assured the Interna­tional Monetary Fund (IMF) for bringing further 0.3 million people into tax net and bringing new law for improving performance of State Owned Enterprises (SOEs). “We will pursue a substantial ex­pansion of PIT ...

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  • Govt to expand PIT base through data on businesses’ withholding tax. ISLAMABAD    -    Pakistan has assured the Interna­tional Monetary Fund (IMF) for bringing further 0.3 million people into tax net and bringing new law for improving performance of State Owned Enterprises (SOEs). “We ...

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  • ISLAMABAD   -   Weekly inflation based on Sensitive Price Index (SPI) en­hanced to all time high of 45.5 percent in the week ended on September 1 over the corre­sponding period of the previous year mainly due to the continu­ous increase in oil and electric­ity ...

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