With petroleum prices increasing to Rs277 per litre, the fuel cost burden for a motorcycle owner will significantly increase. Pakistan needs to move fast towards electric motorcycle adoption to provide relief to these lower-middle and middle-class households. This requires enabling market-driven approaches with the government playing a facilitator role. Assuming an average of one-litre consumpt
This year Ramazan will definitely be tougher than previous years for many low and middle-income group people, especially in terms of skyrocketing prices in the last year. After over 12 hours of fasting, people try to enjoy lavish iftar by arranging many items. But many people with mediocre wages and salaries are likely to limit their purchases this year. All responsibility lies on the govern
Pakistan has been suffering from chronic governance issues for the past several decades. Inheriting the post-colonial bureaucracy and with its manageable population of 30 million (West Pakistan, 1947), the country managed to get by in the early days. The population continued to grow to 70m in 1971 and to 130m in 1998, but it remained unfashionable and politically incorrect to talk about harmoni
From an all-time low of Rs276.58 a US dollar on February 3, the rupee gradually rose to 259.99 on February 24 — a recovery of 6 per cent — as crippling import restrictions remained in place. But it may come under renewed pressure in the April-June quarter. The external sector fundamentals are still too weak to lend lasting support to the local currency. The massive decline in the current accoun
Prime Minister Shehbaz Sharif on Sunday formally constituted a committee to monitor the implementation of ‘ambitious’ austerity measures announced a few days ago. A notification regarding the constitution of the committee was issued at the directive of the prime minister. The seven-member committee included Finance Minister Ishaq Dar, Education Minister Rana Tanveer Hussain, IT and Telecommu