An uncontrollable upward trend in prices of wheat flour and chicken has left consumers high and dry as rates witnessed a fresh jump over the last few days. While prices of various flour varieties shot up to Rs140-160 per kg, that of live poultry reached Rs420 per kg amid lack of any official check on sellers who are raising prices at their whims. Millers now quote the rates of flour no. 2.5
The Healthcare Devices Association (HDA) has warned the relevant authorities of disruption of medical and surgical treatment facilities across the country after the recent restriction making registration with the Drug Regulatory Authority of Pakistan (Drap) mandatory for the import of medical and surgical equipment. “Drap has not been able to make decisions on most of the registration applica
Saudi Arabia and China were set to beef up Pakistan’s foreign exchange reserves much before the close of this month, Finance Minister Ishaq Dar said on Wednesday and announced that the government would be shortly imposing flood levy on the affluent and a significant gain tax on banks’ foreign exchange earnings to ramp up revenue. “Our foreign exchange reserves by end-June would be much better t
Share prices dropped on Tuesday as investors reacted to a high monthly inflation reading and the announcement of the federal government’s energy conservation plan. Defence Minister Khawaja Asif unveiled the plan that involves the closure of commercial markets by 8:30pm and wedding halls by 10pm. Topline Securities said the cement sector took a major hit during trading as Lucky Cement Ltd, D.
THE PDM government’s continuing inability to keep prices under control speaks volumes about the competency of its economic management team, currently led by a former finance minister who loves to make a great deal of his ‘extensive experience’. It has thus far failed to show any spine as far as the protection of ordinary citizens’ financial well-being is concerned. As a result, the public has l