Members of the Standing Committee on Health of the National Assembly say the government must bring medical students’ tuition fees in line with levels in vogue in other comparable economies. By Naveed Naqvi.
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Fitch downgrades Pakistan’s Issuer Default Rating to CCC-
By Staff Reporter
KARACHI: Fitch on Tuesday cut Pakistan’s sovereign credit rating by a notch to CCC- from CCC+, citing policy risks, critically low reserves and large refinancing risks, and difficult conditions set by the International Monetary Fund (IMF).
Gas prices raised to unlock IMF funding
By Staff Reporter
ISLAMABAD: The government approved a plan to increase domestic gas prices to meet a key condition set by the International Monetary Fund for reviving its bailout program as the two sides resume talks virtually on Monday to reach a deal.
Image courtesy of PALSP
Steel industry airs SOS call for LCs
Already under pressure amid tough economy, the steel industry says its very existence is threatened by the foreign exchange crisis, depriving them of crucial inputs. By Muhammad Ali.
Image: Google Maps screenshot (https://www.google.com/maps/@33.6958923,72.8965048,14z)
Margalla Avenue ready for inauguration
The Margalla Avenue has been a long time coming, but it is here now – and ready to be commissioned next week. By Naveed Naqvi.
Pakistan’s economic troubles rooted in misallocation of talent, resources, says World Bank report
This report looks at the reasons for why Pakistan is stuck with low per-capita GDP growth over the past two decades, and explore ways and means to put the country on a path of higher and sustained economic growth. By Staff Reporter.
2 army officers martyred in Kohlu IED blast
The attack targeted the lead vehicle of an army team engaged in a sanitisation operation of the area to flush out terrorists. By Naveed Naqvi.
Taxila Museum. Image courtesy of Wikimedia Commons
Japan to fund PKR 100 million Taxila Museum revamp
The grant will go to enhancing of the antiquities’ conservation and exhibition capacity of Taxila Museum. By Naveed Naqvi.
Photo courtesy of APP
Dar promises minibudget no larger than PKR 170 billion
The IMF agrees to enhanced safety nets for the poor no sales tax increase, but shows little flexibility on electricity and gas sector circular debts and untargeted subsidies. By Muhammad Ali.
Military rubbishes speculation about chief’s US visit
The statement gives a lie to the claim that COAS Gen Asim Munir, who is on a visit to the UK, secretly left for an unannounced visit to the US. By Naveed Naqvi.