The summer season of massive relief continues for electricity consumers, as another Rs1.55/unit cut in lieu of Quarterly Tariff Adjustment (QTA) has been notified by the regulator. The QTA for 3QFY25 will be in field for May, June and July 2025.The QTA for May and June will be in additionContinue Reading

The Indian government has prematurely recalled International Monetary Fund (IMF) Executive Director K.V. Subramanian six months before the end of his tenure in a clueless attempt to block the release of $2.3 billion to Pakistan, top sources clarified in an informal interaction with ProPakistani. The lender did not immediately respondContinue Reading

The International Monetary Fund (IMF) has seemingly dismissed India’s request to re-examine loans provided to Pakistan. The IMF’s representative for Pakistan, Mahir Binici, told ProPakistani that the Executive Board meeting for Pakistan has already been scheduled. Benici confirmed that the IMF Executive Board meeting is set for May 9. DuringContinue Reading

The Embassy of Pakistan in Washington DC hosted a landmark economic dialogue on the sidelines of the IMF and World Bank Spring Meetings, bringing together Pakistan’s economic leadership, global financial institutions, and corporate representatives from the United States. The event showcased Pakistan’s remarkable economic turnaround and its potential as aContinue Reading

The federal government has put the highest priority on the completion of ongoing and overall foreign-funded development projects in fiscal year 2025-26 to satisfy the International Monetary Fund (IMF), well-informed sources told ProPakistani. According to official sources, the Ministry of Planning has proposed a development budget of Rs. 2,900 billionContinue Reading

Pakistan has pledged to the International Monetary Fund (IMF) that it will “further strengthen institutional capacity to fight corruption and significantly reduce trade barriers to support inclusive growth and a level playing field for business and investment.” This statement is part of the press release issued by the IMF onContinue Reading