The Federal Board of Revenue (FBR) on Saturday shared details of eight major actions implemented in the last four years that led the country out of the international watchdog’s so-called grey list. Meanwhile, Hammad Azhar, former PTI minister and head of the Pakistan team dealing with the Paris-based Financial Action Task Force (FATF), also spoke at length in interactions with the media regardi
Habib Bank Ltd CEO Muhammad Aurangzeb said on Saturday Pakistan shouldn’t seek relief on commercial debt after the devastation caused by the nationwide floods. Speaking at a conference organised by the Marketing Association of Pakistan, Mr Aurangzeb said failing to deliver on roughly $9-10 billion of commercial debt will knock the country out of the international capital markets. “We mustn’t
The phrase “property right” refers to the owner’s legal entitlement to use an asset for personal consumption or the production of income. It is also possible to include the right to give it to another party through a sale, gift or inheritance. Classical economists such as Smith and Marx accorded property rights a central position in economic development. However, it has only been relatively rec
Did you hear about the recent milk price hike? Milk sellers have increased prices from Rs118 to Rs200 per litre in Karachi. Mind you that the price increase has come ahead of winter. So you can imagine how much pricier milk could be in next summer. Before this, prices of tandoori roti and chapati rose Rs2-5. According to a Dawn report, in most neighbourhoods of the metropolis, tandoori roti is
Politics seems to have gotten the better of the wheat market in Pakistan. Political preferences have been ruling pricing policy for the last two months, and of late, even the position of stocks is interpreted through a political prism. The rulers, impervious to market consequences and beholden to their party politics, are playing an acrimonious blame game that is adding fuel to the flour price fir