Author: Admin

IMF Sets 11 New Structural Benchmarks for Pakistan in Latest Review

Admin
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ISLAMABAD: The International Monetary Fund (IMF) has introduced 11 new structural benchmarks (SBs) for Pakistan as part of its latest review under the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF). These benchmarks span tax reforms, governance, monetary policy, energy, state-owned enterprises, trade, and investment regulations—aimed at strengthening economic stability, transparency, and long-term fiscal sustainability. Key New Conditions Set by the IMF Tax Reforms & Fiscal Management The IMF has directed Pakistan to: The IMF noted that 8 of the 13 earlier benchmarks were met, including the…

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Discos Accused of Withholding Data, Hindering Audit Settlement: Power Division Admits Before PAC

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power-division

ISLAMABAD: The Power Division on Thursday conceded that power Distribution Companies (Discos) are deliberately withholding critical data from the Auditor General, obstructing the settlement of key audit paras. Appearing before the Public Accounts Committee (PAC), chaired by Shahida Begum of JUI-F, Secretary Power Dr. Fakhre Alam Irfan responded to concerns over unresolved audit paras related to Discos for FY 2023–24. The audit report of the Power Division and its attached departments contains 579 paras — 357 from compliance audits and the remainder from other audit categories. To date, PAC has…

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IEA Cuts 2026 Oil Glut Forecast as Demand Outlook Strengthens

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LONDON: The International Energy Agency (IEA) has reduced its forecast for the global oil surplus in 2026 for the first time since May, citing stronger-than-expected economic conditions and lower output from sanctioned countries. The agency’s monthly oil market report shows that global supply is now expected to exceed demand by 3.84 million barrels per day (bpd) next year—down from the 4.09 million bpd surplus projected in November. Despite the revision, the nearly 4 million bpd surplus still represents around 4 percent of global demand and remains at the upper end…

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Haier Energy Hosts Investment Promotion Event in Lahore, Showcases New Energy Innovations

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Lahore, Pakistan – December 11: Haier Energy successfully organized its investment promotion event in Lahore, highlighting its growing commitment to Pakistan’s renewable energy landscape. The event was hosted by Haier Energy and attended by Honourable Minister Energy Punjab, Faisal Ayub Khokhar, alongside key industry partners including Bahum, Hajisons, and SBEEC. Haier Energy showcased a comprehensive product portfolio, featuring hybrid and grid-tied inverters, solar pump inverters, and UPS communication backup systems. The company also unveiled its self-developed AI Energy Robot, designed to enhance intelligent, all-scenario solutions for residential and commercial &…

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SICPA Pakistan Marks 30 Years of Excellence and Partnership in Pakistan

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Karachi, December 11th, 2025: SICPA Pakistan, a trusted partner in secure identification, authentication and traceability solutions, celebrated its 30th anniversary on November 27th, 2025 a ceremony held in Karachi. The event was graced by Mr. Jameel Ahmad, Governor, State Bank of Pakistan (SBP), as the Chief Guest and attended by senior officials from the SBP, representatives from the Pakistan Security Printing Corporation (PSPC) and SICPA’s valued Brand Protection partners.In his welcome address, Mr. Rizwan Butt, Managing Director, SICPA Inks Pakistan (Pvt.) Ltd., highlighted SICPA’s 30-year journey and its longstanding partnership…

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