Stories from Shahbaz Rana
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Govt decides to appoint two new SBP board directors
Aim is to strengthen panel responsible for policymaking, except monetary policy
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Pakistan seeks $6 billion from UAE
Financial assistance package to be in shape of cash deposits, oil on deferred payments
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Chinese envoys brush aside ‘misconceptions’ about CPEC
Ambassador Yao Jing says all projects are mutually beneficial and CPEC is the manifest of China’s trust in Pakistan
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Electricity tariff increased by Rs1.27 per unit: Asad Umar
Says situation of Chinese assistance to get clear by start of talks with IMF
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ECC approves 33% hike in power tariff
Average electricity price to increase by at least Rs1.20 per unit or 10.3% to Rs12.91
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World Bank to undertake study on CPEC
It covers implementation status of the corridor and its future prospects
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PM Imran secures $6b lifeline from Saudi Arabia
Riyadh agrees to provide $3 billion and as much in oil on deferred payment
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Despite growing need, foreign loans plunge 37% to $930m
These include commercial loan of $170m from a consortium led by Credit Suisse
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ECC delays decision on power tariff hike for fourth time
Power Division fails to come up with plan for loss reduction, improved governance
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Pakistan may continue to breach debt limit for next 10 years
Bank says one of the reasons for breaching the FRDL ceiling could be ambitious fiscal targets









