By Staff Reporter
ISLAMABAD: Inflation soared to 26.6 percent in October from a year earlier as food and energy prices spiraled, official figures revealed Tuesday, escalating the country’s cost-of-living crisis.
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Power division gears up to deploy funds for Chinese IPPs to secure CPEC
By Staff Reporter
ISLAMABAD: The government has approved the setting up of the Pakistan Energy Revolving Fund (PERF) to repay outstanding dues worth Rs300 billion to Chinese Independent Power Producers (IPPs), a day ahead of Prime Minister Shehbaz Sharif’s scheduled visit to Beijing.
Rs1.8 trillion farm loan package unveiled
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif unveiled a loan package worth Rs1.8 trillion for farmers this year, saying it would help support the flood-hit agriculture sector of the country.
Government approves import of 300,000 tons of Russian wheat
By Staff Reporter
ISLAMABAD: Pakistan is set to import 300,000 tons of wheat at $372 a ton from Russia in a government-to-government deal as it battles to secure supplies after devastating floods in summer damaged the country’s strategic food stockpiles.
A Pakistani farm hand is seen fertilising a wheat field by hand in this photo by Qasim Ghauri dated February 11, 2021. Image courtesy of APP.
No G2G imports of urea fertiliser?
Pakistan must import about 300,000 MT of urea fertiliser, and commercial import prices may be out of the grower’s reach, necessitating a budget-breaking subsidy. By Muhammad Ali.
Finance ministry paints bleak economic outlook
By Staff Reporter
ISLAMABAD: The outlook for Pakistan’s economy darkened due to recent flash floods with inflationary and external sector pressures continue to hamper growth and a range of economic indicators pointing towards an impending crisis, the finance ministry said.
Journalist crushed to death by vehicle at Imran Khan’s protest march
By Staff Reporter
ISLAMABAD: A female journalist was crushed to death on Sunday while covering the protest rally led by former prime minister Imran Khan, an incident that forced him to halt the march for the day.
Imran Khan rebuffs claims of backdoor talks with coalition government
By Staff Reporter
ISLAMABAD: Former prime minister Imran Khan rebutted reports on back channel dialogues with the coalition government, saying no talks will be held until authorities announced a date for fresh elections.
Rejected Imran Khan’s proposal on army chief’s appointment: PM Sharif
By Naveed Naqvi
ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday said he has rejected a proposal from Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on the appointment of a successor to army chief General Qamar Javed Bajwa.
Sketchy path to transition
By Staff Reporter
ISLAMABAD: Pakistan’s nascent democracy has recently witnessed a very positive omen for the country as the military establishment publicly surrendered itself bowing before Constitutional supremacy first time in the country’s history.