Author: Admin

Pakistan, IMF Reach Staff-Level Deal for $1.21bn Disbursement Under EFF, RSF

Admin
New-IMF

ISLAMABAD: Pakistan and the International Monetary Fund have reached a staff-level agreement on the third review of the Extended Fund Facility (EFF) and the second review under the Resilience and Sustainability Facility (RSF), paving the way for a fresh disbursement of $1.21 billion. According to an IMF statement, the agreement—subject to approval by the Executive Board—will unlock about $1.0 billion (SDR 760 million) under the EFF and $210 million (SDR 154 million) under the RSF. This will bring total disbursements under both programmes to approximately $4.5 billion. The IMF noted…

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Rubio Says Gulf War Likely to End in Weeks, Rules Out Need for US Ground Offensive

Admin
New-Project130

PARIS/WASHINGTON: US Secretary of State Marco Rubio has said the ongoing Gulf conflict is expected to conclude within weeks rather than months, emphasizing that Washington can achieve its objectives without deploying ground combat forces. Speaking after a meeting with G7 counterparts in France, Rubio stated that the United States is “on or ahead of schedule” in its operations and anticipates wrapping up the conflict “in a matter of weeks, not months.” While ruling out the necessity of a ground offensive, Rubio confirmed that limited troop deployments are underway to provide…

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Rising Global Energy Prices Threaten Pakistan’s Trade Balance, Inflation Outlook: SBP Minutes

Admin
New-energy

KARACHI: Escalating global energy prices amid ongoing Middle East tensions are likely to pose significant risks to Pakistan’s external sector and inflation trajectory, according to the latest minutes of the Monetary Policy Committee (MPC) released by the State Bank of Pakistan. The central bank noted that since the previous MPC meeting, international oil and LNG prices have surged by approximately 28.1% and 38%, respectively (as of March 6, 2026), driven by supply concerns and disruptions in key shipping routes. This sharp increase has led to a deterioration in Pakistan’s Terms…

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PM Shehbaz Rejects Massive Fuel Price Hike, Govt to Absorb Rs56bn Burden

Admin
OIl Price

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday rejected yet another summary proposing a steep increase in petroleum prices, deciding to keep fuel rates unchanged despite rising global oil costs. The premier revealed that he turned down a proposal to raise petrol prices by Rs95 per litre and high-speed diesel by Rs203 per litre, stating that the government would not pass the burden on to the public. “This week, I was again presented with a proposal to increase petrol by Rs95 per litre and diesel by Rs203 per litre, which I…

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Islamabad Likely to Host Key Talks Among KSA, Egypt and Türkiye on Middle East Conflict

Admin
New-Project129

ISTANBUL: Islamabad is expected to host high-level diplomatic talks involving Saudi Arabia, Egypt, and Türkiye as efforts intensify to address the ongoing Middle East conflict. According to Turkish Foreign Minister Hakan Fidan, the meeting—initially planned to take place in Türkiye—has been shifted to Islamabad due to logistical considerations. “Initially, we had planned to hold this meeting in Turkey… however, since our Pakistani counterparts are required to remain in their country, we moved the meeting to Pakistan,” Fidan said while speaking to a Turkish broadcaster, adding that the talks could take…

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