By Staff Reporter
KARACHI: The State Bank of Pakistan (SBP) on Thursday raised borrowing costs by 125 basis points to quell Asia’s second-fastest inflation and meet conditions for a loan from the International Monetary Fund (IMF).
Ahmer Kureishi
Composite image by Independent Pakistan
Should Pakistan replace SBP with a currency board?
By Ahmer Kureishi
June, the final month of the last fiscal year saw wholesale inflation in Pakistan rise to a historic high of 38.9 percent per annum, giving rise to fears that the flood of consumer price inflation is about to turn into a tsunami. Already at this point, the consumer price index was at 21.32 percent per annum.
Islamabad the Green: The metro of bus lines
Islamabad now has an impressive array of four bus lines, connecting all corners of the city to central sectors. By Staff Reporter ISLAMABAD: Islamabad Thursday
Islamabad: Federal Minister for Finance and Revenue Mr. Miftah Ismail presided over meeting of the Economic Coordination Committee (ECC) of the Cabinet at Finance Division- 28-05-2022.
Subsidy on 5 essential commodities to continue
By Staff Reporter
ISLAMABAD: A powerful cabinet committee Wednesday decided to continue a federal subsidy program on five essential commodities, announced by Prime Minister Shehbaz Sharif in the final weeks of the last fiscal and commonly known as the prime minister’s relief package.
Animal disease emergency ahead of Eid-ul-Azha
By Staff Reporter
ISLAMABAD: The government has decided to declare a national disease emergency on account of an outbreak of lumpy skin disease (LSD) in the country ahead of Eid-ul-Azha.
POWER WOES: Residents of Quetta’s Spinny Road are seeing protesting against load shedding in their area in this photo dated June 18, 2022, ONLINE PHOTO by Samiullah.
Monsoons, KANUPP-2 bring welcome respite in load shedding
By Staff Reporter
ISLAMABAD: As the Indus starts to swell with the onset of Monsoon rains, power generation capacity of the Tarbela hydroelectric plant is set to improve by 2,500 MW and 3,500 MW, allowing the authorities to cut back load shedding, Independent Pakistan can report.
Power disco faces hefty penalties over electrocution deaths
By Staff Reporter
ISLAMABAD: The authorities have imposed a PKR 10 million fine on a Balochistan power distribution company over 15 electrocution fatalities.
Floor crossing major issue, says CJP
By Staff Reporter
ISLAMABAD: The Supreme Court of Pakistan continued to break fresh ground in the interpretation of Article 63A of the Constitution Tuesday when it said deviation from party policy is not a petty issue but a matter of morality.
The anatomy of our horrid power crisis
By Staff Reporter
ISLAMABAD: Despite the government’s repeated claims to end load shedding, Pakistani households and businesses continued to suffer intermittent power outages in the scorching summer heat of June – and the pattern shows no signs of going away in July.
Stock image courtesy Pixabay
CPI Inflation: The worst is yet to be
By Staff Reporter
ISLAMABAD: Historic high inflationary pressures threaten to hold Pakistan’s economy hostage in the new fiscal year in the wake of consumer inflation reaching 21.34 percent for June, the last month of the previous fiscal.