As the Centre prepares the federal budget, set to be presented next month, Prime Minister Shehbaz Sharif on Wednesday directed the authorities concerned to take all provincial governments on board so that the document could be finalised through mutual consultation. The prime minister expressed these views during a meeting with Sindh Chief Minister Syed Murad Ali Shah at the PM House. The pri
With a large portion of Pakistan’s population, particularly children and women, suffering from moderate to acute malnutrition, the US government is spending $85 million directly to address malnutrition issues, including $12mn on acute cases, across the country. “The US, and the embassy in particular, are focusing on the issue of malnutrition in Pakistan, especially in the wake of the floods, as
Fertiliser manufacturers have linked the reduction in urea prices with the supply of gas from the Mari gas field. The unanimous decision of the Fertiliser Manufacturers of Pakistan Advisory Council (FMPAC) was conveyed by Fauji Fertiliser Company Managing Director and CEO Jhanagir Paracha to federal Minister for Industries and Production RanaTanveer Hussain during a meeting on Wednesday. Mr
Exceeding the Rs450 billion treasury bills auction target, the government raised Rs640 billion on Wednesday but reduced the cut-off yields for different tenors by up to 49 basis points. However, it received bids amounting to over Rs1.8 trillion, reflecting the investors’ willingness to park their maximum liquidity in risk-free government papers, mainly when the investment environment is not con
The country’s large-scale manufacturing (LSM) sector recorded a consistent growth for the fourth consecutive month with a 2.04 per cent increase in March compared to the same period last year, according to data released by the Pakistan Bureau of Statistics on Wednesday. The quantum index of LSM industries was 115.53 points in March this year, while it stood at 113.21 in the same month last year