With sugar prices across the country sprialling into the stratosphere without any apparent reason, the CCP says it is on its toes to fulfil its statutory role. By Muhammad Ali.
Economy
US companies invited to invest via Pakistan’s SIFC
The invitation came as Minister for Commerce Dr. Gohar Ejaz and Ambassador Blome ne to discuss promotion of bilateral trade and investment. By Muhammad Ali.
Strawberry beside spoon of sugar. Photo by Mali Maeder via pexels.com
No plan to import sugar as stocks adequate
With sugar prices already sky-high, rumours of a plan to import expensive sugar from abroad could be the work of unscrupulous elements manipulating the market to further hike prices. By Muhammad Ali.
Inflation rate drops for third month, defying price hikes
By Staff Reporter ISLAMABAD: Pakistan’s inflation rate fell for the third straight month in August, reaching its lowest level since January, official data showed on
Rupee collapse spurs record fuel price hike
By Staff Reporter
ISLAMABAD: The caretaker government raised the prices of petrol and diesel by up to 6.3 percent on Thursday, citing a surge in global oil prices and a weak rupee that pushed the cost of fuel beyond 300 rupees per litre for the first time in history.
PM Kakar seeks IMF nod for power bill relief amid protests
By Staff Reporter
ISLAMABAD: Interim Prime Minister Anwaarul Haq Kakar said Thursday his government was working on options to tackle the issue of inflated power bills without deviating from its agreements with multilateral institutions, amid widespread protests and public anger over the soaring electricity tariffs.
Minister Ahktar says IMF deal leaves Pakistan with no room to ease electricity bills
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.
Caretaker government seeks IMF approval for power bill relief
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.
Caretaker Minister for Finance Dr Shamshad Akhtar and the Caretaker PM’s Advisor on Finance Dr Waqar Masood Khan
Economy on autopilot as cabinet titans clash for primacy
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.
Pakistan needs finance ministry oversight for state firms, IMF Says
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.