In an already struggling environment, the surging prices of wheat flour, onion and sugar have added salt to the wounds of low- and middle-income households. The price of onion, a high-running staple food of almost every household, has jumped to Rs200-220 per kg from Rs150-180 per kg last week, while it was tagged at Rs120-150 per kg two weeks back. While retailers continued to blame higher o
The electricity distribution companies (Discos) operating under the Power Division on Tuesday conceded billing discrepancies highlighted by the power regulator Nepra in a recent inquiry report but downplayed the extent of the wrongdoings happening to consumers and attributed its veracity to the natural, human and technical factors. The “initial response” released by the Power Division comes day
In a first, Saudi Oil giant Aramco formally entered Pakistan’s retail market with an estimated investment of about $100 million by acquiring a 40 per cent stake in Gas & Oil Pakistan Ltd (GO) — a private entity established almost a decade ago. GO announced in a statement on Tuesday that Aramco, one of the world’s leading integrated energy and chemicals companies, signed definitive agreements to
Shares at the Pakistan Stock Exchange (PSX) broke their record breaking streak and fell more than 200 points on Monday, with analysts attributing the sell-off to profit-taking. According to the PSX website, the KSE-100 index shed 211.31 points to close at 66,012.32 points, down 0.32 per cent from the previous close of 66,223.63. It should be mentioned that the KSE-100 index had reached a sig
WE lag economically even in South Asia. This lag is well-known but not its huge scale. To display that, I compare Saarc economies using World Bank data which runs up to 2022 and thus excludes our poor 2023 data. I focus on the state we left (India) and the one that left us (Bangladesh) to show our lag even against ones with similar DNAs. GDP: South Asia (mean), Bangladesh and India’s GDP per ca