ISLAMABAD: With the nationwide protests over massive power bills growing, the caretaker government has failed to come up with any relief measures as it tries to strike a balance between avoiding drawing the IMF’s ire and causing more citizens to blow a fuse. In the cabinet meeting presided over by Caretaker Prime Minister Anwaarul Haq Kakar on Tuesday, the interim set-up expressed helplessness
The newly appointed British High Commissioner to Pakistan Jane Marriott, the United Kingdom’s first woman high commissioner to Pakistan, who arrived at Karachi on Sunday, visited the Royal Navy’s HMS Lancaster here on Tuesday. The HMS Lancaster is in Karachi on a routine bilateral Royal Navy-Pakistan Navy training exercise ‘White Star’, which commences here on Wednesday (today). The exercise al
The Pakistan Stock Exchange (PSX) witnessed a gloomy session on Monday as the benchmark index remained in red for most of the session amid rumours about an imminent policy rate hike which triggered profit-selling by some investors. This strategic choice by investors not only prompted the market to relinquish some of its previously accrued value but also culminated in the index transitioning int
The inevitable has happened. On August 24, the Pakistani rupee fell below 300 to a US dollar in the interbank market. In less than two months of this fiscal year (between July 1 and August 24), the rupee has lost about five per cent value against the mighty greenback. The dollar has been on the rise since the lifting of import restrictions from the beginning of this fiscal year on July 1 at the
After a long break, Pakistan has relaunched a programme for oil and gas exploration, exploitation and development activities, onshore and offshore, aiming at recovering the untapped indigenous hydrocarbon resources. Petroleum, a vital economic sector, is heavily dependent on oil and gas imports to meet the ever-growing demand based on growth in population and increasing urbanisation, and the is