By Muhammad Akbar Notezia IN Balochistan, they say, there is no dearth of unfortunate news. When word got out that the bodies of Khan Mohammad Marri’s wife and two sons had turned up in a well in Barkhan, the grisly… Continue Reading
Real estate plays the role of a bogeyman in Pakistan’s economy because of its large-scale monetary ramifications, various manipulations, overpricing and artificial growth. Prevailing speculation, the lack of transparency and regulation in the sector has resulted in the increase of… Continue Reading
International Monetary Fund (IMF) Managing Director Kristalina Georgieva has stressed that Pakistan needs to protect the poor and tax the wealthy while ensuring that subsidies are targeting those who really need them, it emerged on Sunday. In an interview on… Continue Reading
ISLAMABAD: Amid a global economic slowdown, Pakistan’s exports of rice posted a negative growth of 15.82 per cent in the first seven months of the current fiscal year mainly due to the flood devastation of paddy fields in Sindh. In… Continue Reading
Downgrades Pakistan’s long-term IDR to ‘CCC minus’, doesn’t assign outlook • Forecasts modest recovery WASHINGTON/ISLAMABAD: The Fitch Ratings agency on Tuesday downgraded Pakistan’s long-term foreign-currency issuer default rating (IDR) to ‘CCC-’, from ‘CCC+’ due to worsening liquidity, political volatility and… Continue Reading
President Dr Arif Alvi on Tuesday advised Finance Minister Ishaq Dar to approach parliament regarding the government’s plan to raise additional revenue through taxes instead of promulgating an ordinance. Pakistan is battling an economic crisis which has seen inflation rocket… Continue Reading
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Monday increased natural gas prices in the range of 16 per cent to 112.32pc with retrospective effect from Jan 1 for six months in a bid to raise an additional… Continue Reading
Pakistan’s foreign exchange reserves held by the central bank decreased by $170 million to $2.9 billion in the week ending on February 3, the State Bank of Pakistan (SBP) said on Thursday. The country is locked in negotiations with the… Continue Reading
40 Pharma firms Warn of Halting production ISLAMABAD: Over three dozen pharmaceutical companies have expressed their inability to continue production citing unavailability of raw material and delay in their cases seeking price increase. The health ministry, however, has held out… Continue Reading
Telcos slam govt for pegging licence renewal to dollar ISLAMABAD: Key players in the telecom sector have criticised the government for pegging telecom licence renewal to the US dollar, describing it as the biggest threat to the information and communications… Continue Reading