The new government in Pakistan must have a plan to tackle the debt challenge, with a reform agenda enhancing financial management, increasing revenue, enforcing fiscal discipline, diversifying funding sources and effectively managing debt, suggests the United Nations Development Programme (UNDP). The UN agency’s latest publication — Development Advocate Pakistan — further suggests that parliame
Falling world commodity prices, low transportation costs and stability in the exchange rate have failed to bring any respite for the consumers in the last five months as retail prices either crawled up or held unchanged due to an ineffective price checking mechanism. A drop of over 16 per cent in food imports during 5MFY24 to $3.35 billion from $4bn in the same period last year might have helpe
Trading on the national bourse began with the benchmark of major shares extending losses from the previous sessions. But a bullish trend overpowered the bears soon enough to help the index close on the higher side, said Topline Securities Ltd. The KSE-100 index traded within a range of 1,099 points, with positive contributions originating from stocks in the oil marketing and refinery sectors
A GOOD example of how Pakistan is hunkering down further and further in the face of increasing scarcities is provided by natural gas. Pakistan has been blessed with abundant gas discoveries from a very early age, and one of the first public sector enterprises created in the country was Pakistan Petroleum in 1950. From a country with barely any energy sources, and practically no power generation
The rupee appreciated for the seventh consecutive session against the US dollar in the interbank market on Wednesday. The State Bank of Pakistan reported the greenback continued its losing streak and depreciated by 11 paise to close at Rs282.90 from Rs283.01 the previous day. Currency experts, however, said the meagre gains may not have any major impact but stopped the dollar from moving upw