In yet another blow to electricity consumers, the Central Power Purchasing Agency (CPPA) on Monday sought more than 100pc (Rs5.62 per unit) increase in fuel charges to mop up about Rs42 billion for ex-Wapda Distribution Companies (Discos) through February consumer bills and make up for subdued consumption of the most expensive electricity. This is apparently the highest-ever increase in fuel co
In over three years since its launch in September 2020, Roshan Digital Account (RDA) has emerged as a significant source of foreign inflows, reaching $7.195 billion by the end of December 2023. According to the State Bank of Pakistan’s data released on Monday, the inflows in December were $160 million marking a much better performance compared to other months. The inflow was 17 per cent higher
It requires a great deal of boldness and a great deal of caution to make a great fortune, and when you have got it, it requires ten times as much wit to keep it’ Nathan Mayer Rothschild. Financially strangled, uncertain future, and hopelessness. These words best describe the struggling class of Pakistan. Savings only in the form of real estate, gold, and foreign currencies make sense to Pakista
The successive resignations of Supreme Court judges test the resilience of the judicial system, pre-election disputes strain the inner cohesion of political parties, and stagflation pushes the endurance levels of the working masses. While the country slowly moves forward despite daunting challenges with the support of donors, the GDP gap not only persists but has likely been growing. The GDP ga
With incapable overseers in action, Pakistan’s real estate industry stays in the hands of cartels whose executors — land acquisition experts, development companies, real estate consultants and construction groups — manifest a unity that manipulates property prices and controls the market to fill their pockets. Let me start with how the world responds to the real estate cartels. On 15th December