Separately, KAPCO plans to acquire 49.5MW wind power project in Sindh

Short-term borrowing made to repay financing acquired in past

Anticipates higher economic growth at 3%, lower current account deficit at $4 billion in current fiscal year 2023-24

Another IMF programme may be required to ensure smooth debt repayments

Govt awards new blocks to ramp up exploration activities

Stability in rupee-dollar parity, crackdown on illegal networks boost numbers

SBP report says remittances during December 2023 were mainly sourced from Saudi Arabia, UAE, UK and US

Cite PSX emerging as best-performing market in second half of 2023 as evidence

Research predicts company shares to hit Rs490 by Dec 2024

In turn, banks will lend money to govt to bridge budget shortfall