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The recent decision by the federal government to reject a proposal for a Rs7.3 billion grant to aid Pakistan International Airlines (PIA) has sparked a wave of concerns and discussions, especially given the airline’s ongoing struggles with debt and legal disputes. This move aligns with the government’s commitments to the International Monetary Fund (IMF), emphasizing the complexities faced by PIA …

In a recent announcement, the Finance Ministry has revealed that the government closed the first quarter of the current fiscal year (July-Sept 2023-24) with a budget deficit of 0.9 percent of the Gross Domestic Product (GDP) or Rs 962.801 billion. Budget Deficit Analysis: The consolidated data of fiscal operations, made public by the Finance Ministry, shows that during the first …

In a significant financial milestone, The Hub Power Company (HUBCO) has reported its highest-ever Profit After Tax (PAT) of PKR 17.1 billion in the first quarter (1Q) of its fiscal year. This remarkable increase in profitability can be attributed to several factors, including the expansion of its portfolio and favorable currency exchange rates. Record-Breaking Earnings: HUBCO’s achievement of PKR 17.1 …