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.
Economy
Image courtesy of ecp.gov.pk
Sharif’s last minute spending spree scuttled
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.
Person Holding Gasoline Nozzle. Free stock photo by Skitterphoto via pexels.com
Fuel prices upped for second consecutive fortnight
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
Who will be the caretaker economy czar?
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.
Image courtesy of secp.gov.pk
SECP turns up the heat on investment scams
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.
Pakistan, Iran aim for $5 billion trade, agree to free prisoners
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.
Pakistan sets up sovereign wealth fund to boost economy, save for future
By Staff Reporter
ISLAMABAD: Pakistan’s Senate passed a bill on Wednesday to establish a state-owned sovereign wealth fund that aims to stabilize the country’s economy through diversification and to generate wealth for future generations.
Inflation dips for second month in July
By Staff Reporter
ISLAMABAD: Pakistan’s inflation eased for a second month in July as food and fuel prices stabilized, giving some breathing space to the central bank that has been battling soaring price pressures and a weak currency.
Exports, imports fall double digits in July
By Staff Reporter
ISLAMABAD: Pakistan’s exports and imports both fell more than 12 percent in July, the first month of the new fiscal year, as the country faced a dollar crunch and a slowdown in imports of non essentials goods, official data showed on Tuesday.
Fuel prices soar by 8pc as Sharif’s coalition bows to IMF pressure
By Staff Reporter
ISLAMABAD: The government on Tuesday raised the prices of petrol and diesel by almost 20 rupees per liter or 8 percent, the biggest increase in more than a year, citing a surge in global oil prices and pressure from the International Monetary Fund (IMF) to increase revenues.