Stories from Salman Siddiqui
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Pakistan needs to raise $20b to avoid payment crisis
Citi official says country should boost exports and attract FDI
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Currency weakens to Rs128 due to uncertainty over IMF bailout
Fund’s team in Islamabad, holds meetings with Pakistani authorities to review the country’s economic performance
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As expected, SBP raises key interest rate by 100bps to 8.5%
It cites rising inflation, large twin deficits for the rate hike decision
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Rupee hits 2-month low on depreciation fears
Closes in the range of Rs126.10-126.80 against the greenback
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NEPRA opposes any govt move to slash power tariff
Capacity surplus in 2022-25 may not be available due to issues arising from hydel projects
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Large industries grow just 0.5% as many sectors slow down
LSM data indicates overall economic slowdown in the country
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Power generation hits all-time high at 14,017GWh
It is the outcome of higher production by imported gas and coal-fired plants
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Import of petroleum products drops 38% in August
It comes following global oil price recovery, less reliance on oil-based power plants
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In August 2018: Current account deficit contracts 72% due to drop in imports
Steady growth in export proceeds and worker remittances also extend support
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With cut in input cost, textile sector vows to double exports
Cut in duty on 82 items will give a benefit of Rs5b to industry
