The Central Development Working Party (CDWP) has approved seven projects worth Rs85.24 billion across various sectors namely information technology, health, physical planning and housing, specifically designated for the bustling metropolis of Karachi. The CDWP meeting chaired by Deputy Chairman Planning Commission Jehanzeb Khan approved five development projects at a total cost of Rs13bn, wh
The Ministry of Finance has anticipated that inflation will experience a gradual decline from this month mainly due to an improved supply situation, alleviation of imported inflationary pressures and the influence of a high-base effect. Inflation is expected to remain at 27.5-28.5 per cent in December 2023 and to fall further to 24-25pc in January 2024, according to the Monthly Economic Update
Pakistan’s current economic model is not working since it has fallen behind its peers, significant progress in poverty reduction has now started to reverse, and the benefits of growth have accrued to a narrow elite, observes World Bank Country Director Najy Benhassine. “There is a broad consensus that action is needed to change policies that have plagued development, benefitted only a few, and
Leveraged buyers led a selling spree at the Pakistan Stock Exchange on Tuesday, resulting in the biggest day-on-day decline in the benchmark of major shares. The KSE-100 index dropped 2,534 points or 4.1 per cent from the preceding session to 59,170.97 points, down 11pc from an all-time high of 66,427 points on Dec 12. Speaking to Dawn, Topline Securities Ltd CEO Mohammed Sohail said high l
The pandemic, floods and wars have made for a dismal last few years. While the shadow of Covid-19 and potential sovereign default may have passed, we are entering the new year mourning Palestinian lives. Beyond the pall of loss, lies the more humdrum everyday existence of ever pricier eggs and prohibitively expensive cars. With 2024 promising elections, does it also promise a brighter economic fut