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ISLAMABAD:  The $8.2-billion mainline (ML-I) project of Pakistan Railways will be completed under a sovereign bilateral deal as Beijing has not agreed to a proposal of constructing the largest China-Pakistan Economic Corridor (CPEC) scheme through third-party contractors. China was not forthcoming to the proposal of completing the ML-I scheme on build-operate-transfer...
KASB Morning Shout: We expect to hear more on the front of Chinese financial assistance. Firstly we think the market is underappreciating the significance of the currency swap. In the past the SBP has used it to borrow money in yuan against PkR and then convert that into USD...
PESHAWAR: The provincial government of Khyber Pakhtunkhwa has estimated an amount of Rs.71.1 billion in head of foreign project assistance for 74 development projects in 19 sectors, said White Paper on the provincial budget for financial year 2018-19. Out of the total estimated amount it will receive an amount of...
Every year, the World Bank makes corrections in the data that feeds it’s doing business rankings, some more noticeable than others. And every year it also changes its methodology. Yet somehow these are not put under spotlight. In 2016, for instance, its raw data said that it takes 50 days...
Pakistani OEMs’ unshakable confidence in demand is pretty enviable. Either they believe the interminable increase in prices would not damper demand at all, or they are willing to make that trade-off and forgo volumes to safeguard margins. Starting this month, Suzuki has upped its prices for the fifth time...
Bringing change to the agriculture sector is not easy. Farmers tend to stick to their age-old practices, which are less profitable and eco-friendly than new ones. Successive governments have been offering various incentives to the farming community to promote good agricultural practices (GAP). But many beneficiaries adopt new techniques and...
As foreign funding has yet to come into the nation’s coffers, the government keeps relying on borrowing from the central bank to plug holes in its fiscal account. This is one of the reasons for higher inflation as the government’s borrowing from the State Bank of Pakistan (SBP) effectively...
THE future of the Bt cotton variety seems to be hanging in the balance in Sindh as farmers struggle with declining acreage in one of their major cash crops. From water shortages, increased pest attacks, adulterated seeds and lower-than-before prices, growers find it hard to keep pace with cotton sowing. Until...
The trend might not be robust but more Pakistani entrepreneurs, eager to succeed in the market, realise perils of operating in the extralegal space and wish to cross over to gain identity for self and their assets, official data indicates. The size of the parallel economy in Pakistan is sizeable....
Once again, we are knocking on the door of the International Monetary Fund (IMF) for another bailout. Once again, we are required to inject Rs400 billion into the power sector as we did back in 2013. Why are we stuck in this vicious cycle despite consistent economic expansion over the...

Opinion

imf

IMF package

There are reports that an agreement with the IMF to support Pakistan with a ‘bailout package’ in the range of $6 to $8 billion...