News Snapshot:
RBI's monetary and Centre's fiscal policy are moving hand-in-glove Pakistan is set to meet a dozen conditions in six months to stay in the USD 6 billion IMF programme, but the cash-strapped country's economic endurance still hinges on a USD 11 billion lifeline from China, according to a media report on Friday. The Washington-based international lender on Thursday released its staff level report of the USD 6 billion programme, confirming that the government was in process of increasing electricity prices by Rs 5.65 per unit or 36 per cent from now till October, The Express Tribune newspaper reported. This increase...
