By Staff Reporter
ISLAMABAD: Interim Finance Minister Shamshad Akhtar warned on Wednesday that the country’s economic situation was worse than expected and the caretaker government had no room to provide subsidies as it faced rising inflation and public anger over soaring electricity bills.
By Staff Reporter
ISLAMABAD: Interim government is in talks with the International Monetary Fund (IMF) to secure its consent for a package of relief measures for electricity consumers, who have been hit hard by a sharp hike in power tariffs.
Both economists of stature, Caretaker Minister and Advisor for finance are like two swords caretaker prime minister Kakar is trying to fit in one sheath. What could go wrong? By Muhammad Ali.
By Staff Reporter
ISLAMABAD: Pakistan needs to keep all its state-owned enterprises under the oversight of the finance ministry as part of the reform process agreed with the International Monetary Fund, the fund’s representative in the country said.
By Staff Reporter
ISLAMABAD: Electricity consumers are facing a double whammy of rising costs and declining demand, as the government seeks to stagger the imposition of a hefty quarterly tariff adjustment to ease the price shock.
The Election Commission of Pakistan has apparently frustrated what looks like a shrewd PDM strategy to sweeten the ballot box – by slapping a ban on any fresh development spending. By Muhammad Ali.
Petrol and diesel prices are up respectively by PKR 17.50 and PKR 20, Finance Division said in its midnight announcement. By Muhammad Ali ISLAMABAD: Yet
After the arrival of the caretaker prime minister, the headhunt is on in earnest for suitable candidates to fill cabinet positions – except one. But can Ishaq Dar continue as economy czar? By Muhammad Ali.
On a mission to protect the public from fraudulent investment schemes, the corporate watchdog has called out yet another company allegedly soliciting investments or deposits from the public without due authorisation. By Muhammad Ali.
By Staff Reporter
ISLAMABAD: Pakistan and Iran signed a five-year plan on Thursday to boost their trade to $5 billion and agreed to repatriate prisoners serving sentences in each other’s countries, the foreign ministers of both nations said.
