By Staff Reporter
ISLAMABAD: Households and businesses will alike see their fuel bills swell if Prime Minister Shehbaz Sharif okays a proposal to hike gas prices for both households and industries.
Latest
SBP’s forex reserves fall below $10 billion
By Staff Reporter
KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves again fell below $10 billion in the week that ended June 30.
Pakistan’s LNG tender receives no offers
By Staff Reporter
KARACHI: Pakistan LNG Limited (PLL) did not receive a single offer in a $1 billion LNG import tender for 10 spot cargos for July to September deliveries, sources said.
Weekly inflation slows, but annual rate jump keeps pressure on govt
By Staff Reporter
ISLAMABAD: Weekly SPI inflation eased to 1.32 percent from 3.63 percent, but a rise in prices from a year earlier on higher food and energy costs adds to the miseries facing common Pakistanis.
Policy rate up 125bps: SBP ramps up inflation fight
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).
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.
Diplomacy: FM Bhutto, US state secretary endorse ‘sustained engagement’
By Staff Reporter
ISLAMABAD: Foreign Minister (FM) Bilawal Bhutto Zardari on Wednesday invited the US to deepen trade and non-trade ties during a telephonic talk with US Secretary of State Antony Blinken, who called him to discuss matters of bilateral significance.
More rains, more deaths as floods across Pakistan set to worsen
By Staff Reporter
ISLAMABAD: The death toll from urban floods hammering many cities in Pakistan rose on Thursday as record torrential rainfall flooded streets and damaged homes and other buildings, with more rain expected during the week.
#Metoo: Another woman claims harassed by former NAB chief
By Staff Reporter
ISLAMABAD: The Public Accounts Committee (PAC) has sent for former chairman National Accountability Board (NAB) Justice (retd) Javed Iqbal after one Tayyaba Gul accused him of harassing her, it is learnt.
Development: Ecnec passes Rs395.8 billion projects
By Staff Reporter
ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) on Wednesday approved various infrastructure projects costing Rs395.8 billion, including the Hyderabad-Sukkur Motorway, a statement said on Wednesday.