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Articles for tag: 3.5bn, debt, Diq, Global, lenders, Package, Reko, secure

November 28, 2025

News Desk

Global lenders secure $3.5bn debt package for Reko Diq

An image of the Tethyan Copper Company (TCC) gold and copper mine exploration project site at Reko Diq, Balochistan. — TCC Officials expect full financial closure by mid-December. IFC, ADB, JBIC and European ECAs commit project debt. RDMC pledges $390 million to upgrade ML-2 and ML-3. ISLAMABAD: In a major boost for Pakistan’s biggest mining project, half of the $3.5 billion debt required for the Reko Diq copper-gold project has been secured after the US Export-Import Bank (EXIM) approved a $1.25 billion facility. The News was mentioned. Officials now expect to achieve full financial close on the $7.7 billion venture

October 26, 2025

News Desk

Businessmen call the new ‘Bijli Package’ inefficient

They argue that it will not provide meaningful tariff relief, leaving industries uncompetitive Power lines connecting high-voltage electricity pylons are seen during sunset at a power substation on the outskirts of Ronda, during a blackout in the city, Spain, April 28, 2025. Source: REUTERS LAHORE: The Pakistan Business Forum (PBF) has expressed its disappointment over the recently announced Roshan Maeeshat Bijli package, saying it will not effectively reduce the cost of doing business or make local industries competitive. He called the offer ineffective as it would not address the core issue of high energy tariffs. In a statement, PBF chairman

October 26, 2025

News Desk

PM Shehbaz unveils ‘Roshan Economy Power Package’ to boost growth

Prime Minister Muhammad Shehbaz Sharif speaking at the signing ceremony of privatization of First Women Bank, Islamabad, October 17, 2025. — APP Rs 22.98 per unit only for additional consumption. Three-year program effective from November 2025 to October 2028. Key interest rates remained unchanged at last year’s consumption levels. ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday unveiled the landmark ‘Roshan Economy Power Package’, setting a reduced tariff of Rs 22.98 per unit for industrial and rural users, applicable only for electricity consumed above last year’s usage, to boost production, exports and jobs without shifting costs to households. The News was

September 27, 2025

News Desk

Govt approves the important reform package of regulatory arrangements

Islamabad: The Committee of Regulatory Reforms (CCORR), chaired by Federal Investment Minister Qaiser Ahmed Sheikh, re -examined Friday and approved the third quarterly reform reform package prepared by the Boi Council (Boi). According to an official statement, the meeting marked another step in the government’s attempt to modernize Pakistan’s regulatory framework under the direction of the Prime Minister. The package, developed by the Boi Reform Team, sets an agenda to enhance transparency, rationalize processes and improve business convenience. The key areas of reform included the 2025-2030 regulatory strategy, which aims to create a modern legal system through the creation of

September 13, 2025

News Desk

Govt Okays RS25.5BN package for 11,000 Utility Employees

People stand in a tail outside a state utility store to buy groceries. – AFP/file Officials with over 20 years of service to receive basic fees for each year. Daily bets to receive flat calculation based on the reference point of RS37,000. Waiting for wages and salaries will also be paid duly by the government. Islamabad: The government has allocated all 11,406 Utility Stores employees from September 1, offering over the departure package of 25 billion Rs as part of a retrograde restructuring plan, show official documents, show, show, The news reported on Friday. The package covers the country’s largest

September 11, 2025

News Desk

Senate Commission discussions discussions SBP Chief’s monthly fee package

Islamabad: The governor of the Central Bank received a minimum of RS4 million in a monthly salary, extensive privileges and security and services from four employees, showed that the government was submitted to a Senate committee on Wednesday. The Treasury presented the details of the salary and privileges received by the Pakistani State Bank (SBP) at a meeting of the Senate Finance Committee, which discusses the salaries of the leaders of the various regulatory authorities. However, the details were related to 2019 and 2023, so the Commission commissioned the Central Bank and the Ministry of Finance to present the commander’s

December 3, 2024

News Desk

US announces $725 million arms package for Ukraine

A Ukrainian soldier holds a Stinger anti-aircraft missile as he watches joint exercises of the armed forces, the national guard and the Security Service of Ukraine (SBU) near the border with Belarus amid Russia’s attack on Ukraine in the Rivne region, Ukraine, 11 February 2023. — Reuters The United States will provide Ukraine with a $725 million arms package, Secretary of State Anthony Blinken said Monday, as outgoing President Joe Biden’s administration seeks to bolster the government in Kiev in its war with Russian invaders before leaving office on January. Reuters was mentioned. The assistance will include Stinger missiles, munitions

November 20, 2024

News Desk

ECC greenlights winter package for electricity consumers

A representational image of transmission lines. — AFP/File The package aims to encourage the use of electricity for revenue generation. Power usage in winter ranges from 9,000 to 12,000 megawatts. The ECC also approves Rs 26.07 per kWh for all eligible consumers. ISLAMABAD: The Economic Coordination Committee (ECC) of the federal cabinet has approved the winter package for phased-in electricity by residential, commercial and industrial consumers, The News reported on Wednesday. The existing government’s winter package aims to incentivize the use of electricity from the national grid to collect money from consumers to pay capacity charges amounting to around Rs

September 13, 2024

News Desk

‘Mini budget’ on horizon to raise Rs 650bn revenue ahead of IMF package

Representative image of a person counting Pakistani rupees. — AFP/File ISLAMABAD: Ahead of the International Monetary Fund’s (IMF) expanded facility of $7 billion, the federal government is set to introduce a mini-budget aimed at generating revenue of around Rs 650 billion, mainly by cracking down on tax evasion and raising general tax on sales tax (GST) on property, tractors and other items. However, a report published in The News he said, it remains to be seen how much revenue will be raised through the enforcement measures and additional tax measures. Accepting another condition tabled by the global lender, the government

September 9, 2024

News Desk

Mandatory Anvil Retirement Package

Islamabad: The federal government has decided to introduce a mandatory retirement package for employees of ministries, departments and divisions, which will be scrapped as part of the government’s austerity drive, according to official documents. According to the documents, the finance ministry approved a hybrid package for Pakistan Works Department (PWD) employees and decided that similar packages will be given to employees of other institutions, under restructuring. Under the PWD package, workers with 10 years of service will be paid a lump sum equal to one and a half basic monthly wages for the rest of their retirement age. Those employees

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