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The rising cost of electricity for industrial, commercial, and residential consumers is putting increasing pressure on the Pakistani government to take action. A prominent suggestion emerging from public debates is the nationalization of Independent Power Producers (IPPs), a move echoing past socialist policies. Understanding the Current Power Sector Currently, the installed power generation capacity in Pakistan is split equally between …

The international bullion market saw a rise in gold prices on Monday, with the price of gold per ounce increasing by $4 to reach $2,390. This uptick in global prices has led to a corresponding rise in local gold markets. In Pakistan, the price of 24-karat gold per tola rose by PKR 200, reaching PKR 252,700. The price of 10 …

On Monday, Fitch Ratings upgraded Pakistan’s long-term foreign currency issuer default rating (IDR) from CCC to CCC+. This upgrade reflects an improvement in Pakistan’s external liquidity and funding conditions, buoyed by recent agreements with the International Monetary Fund (IMF). Fitch highlighted the significant progress under the previous IMF arrangement, which helped Pakistan reduce its fiscal deficits and rebuild its foreign …