IMF agreement to boost energy, business sectors: Khurram Schehzad

News Image

MG News | March 27, 2025 at 03:20 PM GMT+05:00

0:00

March 27, 2025 (MLN): Pakistan will reap positive and fruitful results from the International Monetary Fund (IMF) agreement, with significant benefits expected in the energy, investment, and business sectors.

This was stated by Advisor to the Finance Minister Khurram Schehzad during an interview with a private news channel.

Khurram Schehzad welcomed the staff-level agreement with the IMF, paving the way for a significant influx of financial support and marking a crucial milestone in the country's quest for long-term economic stability and growth.

He further added that following the IMF board meeting, Pakistan will receive a payment, which will provide a substantial boost to the economy, according to the press release issued.

Moreover, the Advisor assured that a public-friendly and timely budget will be presented, aiming to cater to the needs of the general public and promote economic growth.

Khurram Schehzad has announced that the energy ministry is diligently working on the Prime Minister's directives to bring down energy prices.

According to the Advisor, the nation can expect a decrease in energy prices soon, thanks to the Ministry's tireless efforts.

He said that Pakistan's economy is showing signs of recovery, with a notable 1.5% growth rate being witnessed.

This positive trend is a testament to the government's effective economic policies and long-term structural reforms, he added.

Advisor expressed optimism about the country's economic prospects, stating that investment and business opportunities are beginning to emerge, adding, this development is expected to boost economic growth, create jobs, and attract foreign investment.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,955.00 119,275.00
117,905.00
1335.00
1.14%
BRENT CRUDE 72.30 72.82
72.30
-0.94
-1.28%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 69.92 70.41
69.92
-0.08
-0.11%
SUGAR #11 WORLD 16.46 16.58
16.37
-0.13
-0.78%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg