economycrisis
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'Parliamentarians own 90% of sugar mills'
MQM leader demands import of sugar be handed over to private sector, action be taken against those delaying import.
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China plans fifth nuclear reactor for Pakistan: report
Beijing aims to become a significant player in the nuclear industry.
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Ministries’ budgets slashed by 40%
Ministry of finance slashes budgets of ministries and divisions by up to 40 per cent under fiscal austerity policy.
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Sugar prices take a sour turn
Sugar was being sold in markets at prices ranging from Rs95 to Rs120, locals protest.
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Stagnant scheme deepening city’s water crisis
Karachi needs 1,200 cusecs of water to implement a much-needed project.
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Steps to calm the gathering storm
Why the country needs to control unnecessary imports — and fast.
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Pakistan ranks 125th on human development index
HDI measures achievements in health, education and income indicators.
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Talks end on positive note
Pakistan reaches agreement with IMF for release of sixth tranche of emergency $11 billion loan.
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Soaring prices cause misery before Eid
The floods, inflation have put a damper on the cattle markets ahead of Eidul Azha.
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Government to impose RGST before November 14
The government also agrees to impose a 10 per cent surcharge on income tax in a meeting with the IMF.
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Centre to release Rs3b to Bank of Khyber
MD says cash injection will not only help meet MCR target, but also increase shares of provincial govt in the bank.
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KESC to get Rs75m per day subsidy
Ministry of petroleum told to craft new gas load management plan.
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Insurgency, floods and now inflation
Prices of daily commodities in Swat have gone up by 33 per cent on average in the last one week alone.
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Pakistan energy crisis to hurt feeble government
Winning confidence of the IMF and donors becomes increasingly urgent.
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Finance minister acknowledges need to tax elite
Finance Minister Dr Abdul Hafeez Shaikh stresses increase in productivity in agriculture, industry.
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IMF, Pakistan finally see eye to eye
Fiscal deficit target set at 4.7 per cent of GDP, RGST bill to be presented during parliament’s current session.
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Clean getaway
Civilian politicians have faced the brunt of blame for corrupt practices, men who wear uniform have largely escaped.
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Fixing oil prices
Pakistan’s economy is dominated by cartels and companies that often abuse their monopoly power.
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PIA plans fleet expansion
Defence minister says PIA will purchase 40 new planes over next five years to arrest its growing deficit.
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Crumbling BoK seeks billions to stay afloat
Finance ministry discloses Bank of Khyber is facing worst financial crunch of its history due to bad governance.
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MQM walks out from both houses
Members of MQM walk out of NA and Senate in protest against spiralling prices.
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Assemblies to rush through GST bills
Pakistan assures international donors that five bills will be presented in federal and provincial assemblies.
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Price hike denting PPP’s credibility in G-B
The ‘petrol price bomb’ dropped on the masses by the ‘people-friendly’ govt has been deadly for the G-B locals.
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LPG prices surge by Rs9.6 per kg
Liquefied petroleum gas (LPG) prices have increased by Rs9,594 per ton.
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PSO refuses oil supply at subsidised rate to KESC
Lack of liquidity, communication between companies does not augur well for consumers.
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Media watch: A need for self reliance
Media discusses the current energy and economic problems being faced by Pakistan and suggests indigenous solutions.
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KESC announces end of loadshedding for industrial areas
Residents of Karachi also likely to experience some relief as loadshedding schedule reverted to original plan.
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Power tariff increase from October
Federal govt starts implementation of new power tariff policy under conditions laid down by IMF.
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Zardari backs wind, solar power projects
President says street lights should use solar energy and special industrial hubs should be set up in coastal areas.
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MQM stages walkout
MQM legislators stage walkout from National Assembly session in protest against hike in petroleum prices.
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Prices soar, demand falls in Gilgit
The soaring prices of animals in Gilgit this year have deprived many from performing sacrifice this Eidul Azha.
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Strike on, strike off
Industrialists irked by power outages call off appeal for strike, assured by Sindh governor of supply to industries.
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The python’s power
An IMF review mission has expressed displeasure over lack of momentum in imposing new taxes and reforming power sector
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Media watch: Rise in petrol prices and electricity tariffs
Media criticises the government for implementing such inflationary policies that are a burden on the people.
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First round of negotiations with IMF conclude
The talks fail to produce concrete results, as IMF representative express several objections on RGST bill.
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KESC’s CEO writes open letter to Karachi
KESC CEO has said that unless it gets proper gas supply there will continue to be a downward slide.
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‘Black water’ blues in Badiana
Thousands deprived of potable drinking water for over three weeks.
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MQM walks out of NA session
MQM walks out of National Assembly session to protest against the recent hike in petroleum prices.
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One province’s gain is another’s loss
CDA seeks to overcome water crisis through Ghazi-Barotha Dam, faces resistance from Sindh and Khyber-Phakhtunkhwa.
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Negotiations between IMF and Pakistan to resume today
Donor expresses concern over failure to implement RGST and eliminate power subsidies.
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Fuming over furnace oil
Oil marketing companies reported a fresh increase in furnace oil prices, citing the spiraling cost of oil abroad.
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Sorry for shortfall, says SSGC to consumers, KESC
MD SSGC says regular supply from Zamzama gas field to resume from November 4.
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Wheat production target set at 25m tons
All Kharif crops missed their targets due to the unprecedented floods across the country.
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Rumble in the bourse
SECP attempts to address differences among KSE directors, nominees express concern regarding “weakening of governance”
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A massive hike
In raising petroleum prices, the government has delivered a death blow to most middle-income people of this country.
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Mehdi Shah hints at all parties conference
Conference in Gilgit to improve and strengthen self-rule package extended by federal govt last year.
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Ogra drops petrol-bomb on the nation
Prices of petroleum products are raised by up to Rs7 per litre in the biggest single-time increase in years.
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Municipal officers differ on why a ban is desirable
TMOs across Lahore continue to grapple with the idea of banning women as vendors in Sunday Bazaars.
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Who will take care of them?
About 70,000 children die every year due to pneumonia and diarrhoea throughout Pakistan.
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Khan Khwar Hydel project on hold
WAPDA asked to hold back on Khan Khwar Hydel power project until Shangla District power issues are resolved.