The failure of caretaker administration to finalise a mechanism for urea delivery to farmers is leading to a multibillion-rupee scandal, resulting in the plunder of money by fertiliser dealers. Already, the government has imported 220,000 tons of urea costing nearly Rs30 billion, which was sent to National Fertiliser Marketing Limited (NFML) warehouses on December 25 last year. However, the
Global gross domestic product (GDP) growth is projected to ease to 2.9% in 2024 from 3.1% in 2023, before recovering to 3.0% in 2025 as financial conditions ease, according to the outlook released Monday by the Organisation for Economic Cooperation and Development (OECD). Annual GDP growth in the United States would moderate to 2.1% in 2024 and 1.7% in 2025 while it’s expected to remain support
Karachi’s business leaders have urgently called for the formulation of a comprehensive master plan to address the city’s deteriorating road infrastructure. Recognising the pivotal role of smooth roads in fostering economic growth, these leaders stress the need for a strategic approach to improve transportation efficiency and accessibility. Well-maintained roads, they argue, are crucial for faci
Although the Pakistan Business Council (PBC) has openly welcomed the government’s plans to split the Federal Board of Revenue (FBR) into two entities, it raises concerns over the proposal of keeping the policy-making department in the Ministry of Finance. In a letter to Caretaker Minister for Finance and Revenue Dr Shamshad Akhtar, PBC Chief Executive Ehsan Malik wrote “the plans you shared pro
Although the Pakistan Business Council (PBC) has openly welcomed the government’s plans to split the Federal Board of Revenue (FBR) into two entities, it raises concerns over the proposal of keeping the policy-making department in the Ministry of Finance. In a letter to Caretaker Minister for Finance and Revenue Dr Shamshad Akhtar, PBC Chief Executive Ehsan Malik wrote “the plans you shared pro