Already struggling to find ways to pay inflated electricity bills, consumers suffered another shock due to a further hike in the prices of sugar and different varieties of flour. Just two days after the takeover of the new caretaker government, consumers had seen a Rs8 per kg rise in wholesale prices of sugar to Rs153 per kg, thus pushing up the retail rates up to Rs160 per kg and up to Rs170 p
The Federal Board of Revenue (FBR) will resume virtual talks with the International Monetary Fund (IMF) on Monday to review revenue collection performance in the first two months of the current fiscal year, as well as projections for the coming months, a senior government official told Dawn on Saturday. The IMF team will discuss the performance of the FBR and revenue measures taken in March, fo
Pakistan has requested the Asian Development Bank for $300 million loan for the Kurram Tangi Integrated Water Resources Development project which aims to improve energy, water and food security in the country. The ADB is expected to approve the loan in 2024, according to the project document released by the bank. The proposed project will directly contribute to the two strategic pillars of Paki
In the face of rapidly changing climatic conditions, the agricultural sector in Pakistan, particularly in Sindh, finds itself grappling with a myriad of challenges. With rising temperatures, erratic rainfall patterns, and prolonged droughts wreaking havoc, crop yields have been severely impacted, and water availability has become increasingly scarce. The current scenario presents a substantial
All manufacturers have benefitted from the environment of rising prices in the 16-month rule of the PDM government. The two-wheeler industry is no exception, playing havoc with the prices by citing rupee devaluation against the dollar. Despite declining demand and claims of high localisation, buyers still face high price shocks. Prices have increased significantly more than the 58 per cent depr