An International Monetary Fund delegation is expected to visit Islamabad later this month to hold crucial discussions with Pakistani authorities regarding the country’s fiscal roadmap ahead of the federal budget for fiscal year 2026-27. According to officials familiar with the matter, the IMF mission is likely to arrive in Pakistan on May 13 or 14. […]
Pakistan to Save $30 Million Annually by Shifting Thar Coal Mining to Grid Power
Pakistan is set to achieve significant cost savings and reduce its reliance on imported fuel through a major reform in Thar coal mining operations. The country’s Power Division Pakistan has announced a transition from diesel-powered mining to electricity supplied through the national grid, a move expected to deliver both economic and operational benefits. The initiative […]
Pakistan, IMF Reach Staff-Level Agreement Worth $3.3 Billion Under EFF and RSF
Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement under the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF), a major step signaling renewed confidence in Pakistan’s economic management and reform progress. The agreement covers the second review of the EFF and the first review of the RSF, with […]