The government came under criticism during a meeting of a Senate panel on Thursday over the gas crisis, with speakers identifying poor coordination and mismanagement for oversupply in the network, on one hand, and shortage of supplies to consumers on the other. The panel decided to reconvene the session with the petroleum minister in attendance. The meeting of the Senate Standing Committee o
Pakistan’s raw food exports increased by 19.58 per cent to $3.15 billion during July-November FY25 from $2.64bn mainly owing to increased rice exports. Raw food exports have risen for the past 16 consecutive months despite unprecedented food inflation in the country’s history. As a result, consumers nationwide are paying higher prices for food items because of supply and demand gaps. On Thur
The branded ghee and cooking product manufacturers have raised prices despite a bearish trend in palm oil import costs. A retailer said the price of branded ghee and cooking oil has increased by Rs80 per kg/litre to Rs570. He added that the hike is up to Rs100 per kg/litre in some big brands. Giving the reason for price disparity, Pakistan Vanaspati Manufacturers Association (PVMA) Chairman
Finance Minister Muhammad Aurangzeb on Thursday reaffirmed the government’s steadfast commitment to supporting small and medium enterprises (SMEs). The minister acknowledged the necessity of making difficult decisions to stabilise the economy, recognising their impact on businesses and individuals. According to a press release, the minister stated this during a visit to the Sialkot Chamber
Former prime minister Shahid Khaqan Abbasi says Pakistan cannot grow economically unless it becomes a fully functional democracy. Speaking at a session titled “Can Economic Progress and Democracy Coexist?” organised by the Pakistan Institute of Legislative Development and Transparency (Pildat) on Thursday, he said the countries that had prospered while being autocracies were not similar to Paki