IMF agreement to boost energy, business sectors: Khurram Schehzad

News Image

By 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 131,949.07
198.95M
0.97%
1262.41
ALLSHR 82,069.26
730.83M
0.94%
764.01
KSE30 40,387.76
80.88M
1.11%
442.31
KMI30 191,376.82
77.76M
0.36%
678.77
KMIALLSHR 55,193.97
350.11M
0.22%
119.82
BKTi 35,828.25
28.42M
3.64%
1259.85
OGTi 28,446.34
6.84M
-1.02%
-293.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,125.00 110,525.00
107,865.00
-2290.00
-2.07%
BRENT CRUDE 68.51 68.89
67.75
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 106.00 106.00
105.85
-2.20
-2.03%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.50 67.18
66.04
-0.50
-0.75%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 05, 2025 at 11:58 PM GMT+05:00

Weekly Market Roundup


July 05, 2025 at 02:57 PM GMT+05:00

National Savings Schemes see over Rs27bn inflow in May


July 04, 2025 at 10:16 PM GMT+05:00

CAT upholds CCP’s ruling against PREMA Milk


July 04, 2025 at 10:07 PM GMT+05:00

Gold price in Pakistan falls Rs1,500 per tola


July 04, 2025 at 08:01 PM GMT+05:00

TRG in Supreme Court



Top 5 things to watch in this week

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