Commodity traders claim sale of various food items used for preparing ration packs has remained highly subdued this Ramazan as compared to the last year due to skyrocketing prices and shrinking purchasing power of the people. There is a tradition that people prepare ration packets and distribute them among the needy especially during Ramazan. However, inflated electricity bills, gas tariff a
The government has asked the National Electric Power Regulatory Authority (Nepra) to increase K-Electric’s consumer tariff by up to Rs6.02 per unit under two past quarterly adjustments and allow its recovery from consumers in three months — April to June — to ensure national uniform tariff. The government has already notified an equivalent increase in tariff for consumers of ex-Wapda Discos. Fo
The government on Wednesday said to have achieved ‘progress’ in external financing from Saudi Arabia and the United Arab Emirates direly needed to reach a staff-level agreement (SLA) with International Monetary Fund (IMF) that has been in limbo since Feb 9. The statement came from Minister of State for Finance and Revenue Dr Aisha Ghaus Pasha before a parliamentary panel on a day UAE’s ambassad
Stocks stayed bullish on Tuesday as investors reacted positively to the surging global crude oil prices as well as the rupee’s stability against the dollar. Analyst Ahsan Mehanti of Arif Habib Corporation said speculations about the early revival of the International Monetary Fund’s loan programme and easing political noise also played the role of a catalyst in the bullish close. However, ma
The World Bank on Monday warned that the global economy’s “speed limit” — the maximum long-term rate at which it can grow without sparking inflation — is set to slump to a three-decade low by 2030 and advocated an ambitious policy push by national economies to boost productivity and the labour supply, ramp up investment and trade, and harness the potential of the services sector. The report, “F