The Pakistan Coal Suppliers Association and Good Transport Association announced on Wednesday that they would stop the supply of coal across the country from Balochistan if they were not provided with adequate protection. Speaking at a joint press conference, the President of Balochistan Goods Transport Association Noor Ahmed Kakar, and the General Secretary of Coal Suppliers Association Muham
Ashfaq Tola, who chairs the Reforms & Resource Mobilisation Commission, said on Wednesday that the salaries of government employees would be raised by around 20 per cent in the coming budget. “Salaries of lower grade employees is very low and the scales need a major boost,” Mr Tola observed. He parried a question over the perks and privileges enjoyed by bureaucrats. Ashfaq Tola was addres
The government will hope to find a balance between reforms to satisfy the International Monetary Fund and measures to win over voters in an imminent election in its budget for 2023-24 to be announced on Friday, analysts said. Pakistan’s IMF programme runs out this month with about $2.5 billion in funds yet to be released as it struggles to strike an agreement with the lender, as it grapples wit
The government has conceded that lingering political instability, import controls and tight monetary policies caused the country’s prevailing economic downfall, taking the blame for the turmoil it has largely pinned on the usual suspects: the PTI and the floods. However, the coalition government expects that political stability would help put the country towards economic recovery and growth pat
The Pakistan Stock Exchange (PSX) observed a third consecutive bullish session on Tuesday, with the representative index breaking the psychological barrier of 42,000 points in intraday trading. Topline Securities said news reports about the likely tax relief on inter-corporate dividends, which are pay-outs that one company receives for holding shares in another company, in the upcoming budget