The findings of a World Bank report state that the poverty rate in Pakistan stood at 25.3 per cent in 2024, showing an increase of seven percentage points compared to 2023, with about 13 million additional people falling into poverty. Moreover, in addition to the projected increase in poverty, poor households face disproportionately higher welfare losses and get pushed deeper into poverty, acco
President Xi Jinping said China will put in place “more proactive” macroeconomic policies next year, state media reported, as he addressed a top political advisory body on Tuesday. The country has struggled this year to climb out of a slump fuelled by a property market crisis, weak consumption and soaring government debt. Beijing has unveiled a string of aggressive measures in recent months
Prime Minister Shehbaz Sharif formally unveiled the National Economic Transformation Plan 2024-29 on Tuesday called “Uraan Pakistan: Homegrown National Economic Plan”, with the promise to revive the country’s economy. The five-year plan aims to address key economic challenges through a targeted framework called the “Five Es” — Exports; E-Pakistan; Equity and Empowerment; Environment, Food
The government announced on Tuesday that electricity tariffs for January 2025 will see a slight increase compared to December 2024, despite lower-than-expected fuel costs. The adjustment comes as part of an early rebasing of the national tariff regime and changes in peak and off-peak timings. At a public hearing presided over by National Electric Power Regulatory Authority (Nepra) Chairman Wase
The government on Tuesday raised the prices of petrol and high-speed diesel (HSD) by 56 paise and Rs2.96 per litre, respectively, effective immediately for the fortnight ending Jan 15. On the other hand, the Oil and Gas Regulatory Authority (Ogra) notified a reduction in liquefied petroleum gas (LPG) prices by Rs4.01 per kg, or 1.58 per cent, for January. In a late-night announcement, the M