Stories from Salman Siddiqui
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Hubco joins hands with UAE firm to diversify into new areas
Will undertake garbage recycling, water desalination projects
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Rupee continues to weaken in the open market
Dollars being hoarded as devaluation rumours make the rounds
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Monetary policy: SBP raises key interest rate by 50 basis points to 6.5%
It now hits a three-year high as Pakistan prepares to tackle with inflationary pressure ahead
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Pakistan, China extend currency swap agreement by another 3 years
Also double scope of CSA to roughly worth $3 billion
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Power production surges 48% in April, but load-shedding persists
Country produces highest volume of electricity with help of RLNG
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Foreign currency reserves remain persistently on downhill course
At $10.79b, they now cover less than two and a half months of imports
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Pakistan’s current account deficit widens to record high
Amounts to $14.03b in 10 months of ongoing fiscal year
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PM Abbasi opens $1.4b KPT container terminal
The port transforms Pakistan into a major regional hub, PM says
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Agriculture gets hefty subsidies in Sindh budget for FY19
Expenditure on critical sector will go up 34% in upcoming fiscal year
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With no new taxes, Sindh does not introduce finance bill
Ramps up revenue collection target to Rs243b for next fiscal year
