Author: Shoaib Nizami

Pakistan Government to Unveil New Relief Package for Low Electricity Consumers The Pakistan government is set to announce a new relief package targeting small electricity consumers who use up to 200 units per month, according to ARY News. Prime Minister Shehbaz Sharif has instructed that there should be no increase in power tariffs for these consumers, rejecting the economic team’s proposal for a hike. A subsidy will be provided to approximately 20 million protected users to ensure they do not face any electricity tariff increases in the upcoming fiscal year. The government aims to provide a total subsidy of Rs.…

IMF Predicts Increase in Pakistan’s Trade Deficit for Next Fiscal Year The International Monetary Fund (IMF) has forecasted a rise in Pakistan’s trade deficit for the upcoming fiscal year. The prediction includes growth in both exports and imports, with the deficit expected to increase by $4.165 billion. Imports are estimated to rise by $5.517 billion, while exports are projected to increase by $1.352 billion, leading to a potential trade deficit of $27.923 billion. In the current fiscal year, Pakistan’s trade deficit stands at $23.76 billion, with imports at $54.96 billion and exports reaching $31.2 billion by year-end. The IMF’s statement…