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World Bank Approves $700 Million for Pakistan Reforms
KARACHI – World Bank approved $700 million in fresh financing aimed at restoring macroeconomic stability, fixing public finances, and improving the delivery of essential services across South Asian nation.
The funding comes under Pakistan…
ECC approves power sector subsidy; electricity bills might slightly go down
Amid warnings of a sharp rise in the country’s power sector liabilities, a key cabinet committee has cleared a Rs 200 billion subsidy package aimed at containing the growth of circular debt within limits set under Pakistan’s agreement with…
Big Changes for Net Metering Consumers: Separate Meters, New Tariffs Explained!
A new mechanism has been formed for the purchase and supply of electricity from net metering consumers, introducing major changes in how electricity is bought and sold amid a major push toward green energy.
Under new system, net…
Car loans ease in Pakistan, cause uptick in vehicle purchases
Car ownership in Pakistan is becoming more attainable as banks step up lending, leading to a noticeable rise in demand for vehicles across the country.
Data released by the State Bank of Pakistan (SBP) shows that bank financing for car…
NEPRA introduces new mechanism for electricity net-metering consumers
The government has introduced a new mechanism for electricity purchase and supply for net-metering consumers.
Under the new mechanism, consumers will receive electricity according to the current tariff.
The National Electric Power…
Govt Withdraws Restrictions on Pension and Salary for Rehired Officials
ISLAMABAD: The federal government has withdrawn two key notifications that had restricted retired officials from receiving both pension and salary simultaneously when re-employed in government service.
The notifications, introduced earlier…
IMF rejects Pakistan’s request to remove GST on contraceptives
ISLAMABAD – The International Monetary Fund (IMF) has rejected Pakistan’s request to remove the 18 percent GST on contraceptive products.
During a virtual meeting, the Federal Board of Revenue (FBR) sought immediate approval to eliminate…
US Approves $11bn Arms Sale to Taiwan
TAIPEI: Donald Trump’s administration has given its approval to sell $11 billion of weapons to Taiwan, the second batch of such sales since the US president returned to office, Taipei said Thursday.
The package includes HIMARS rocket…
Today Foreign Currency Exchange Rates in Pakistan – 18 December 2025
KARACHI – Major foreign currencies witnessed fluctuations against Pakistani rupee, with US dollar, British pound, and euro holding firm in the open market.
According to latest exchange rates, US dollar was being bought at Rs280.90 and sold…
