By Staff Reporter
ISLAMABAD: It seems the respite from extreme heat brought to Pakistan by the sketchy showers accompanying dust-thunderstorms over much of the country during the Eid holiday was a gift for the occasion: A severe heatwave is set to his Pakistan right after Eid.
The government is on the cusp of restoring a two-day weekend as the country remains in a tight energy spot, whereas officials have crunched out numbers that strongly suggest the power saved as a result will help reduce load shedding, it is learnt.
Saudi commitments of help aggregating to $4.2 billion following Prime Minister Shehbaz Sharif’s visit to the Kingdom have come as a shot in the arm at a difficult time for Pakistan’s battered economy.
By Staff Reporter
ISLAMABAD: The government is starting its search for a new governor of the State Bank of Pakistan to succeed Dr Reza Baqir who is due to step down today. Dr Baqir’s appointment expires 4 May 2022.
Change of guard in key national institutions was always on the cards following the recent diametrical and rather unceremonious change of political leadership in Islamabad. Perhaps befittingly, it is starting with Dr Baqir. >>
Consumer price inflation surged at the fastest pace in two years in April as Ramazan demand pushed food prices higher, fueling expectations of an interest rate hike in the next monetary policy meeting, due later this month.
