Industry deplores ‘knee-jerk U-turns’ in economic policy
Policy U-turns do not bode well for investment or employment, says Pakistan Business Council.
Khaleeq Kiani
CPEC initiative Pakistan’s sovereign right, US told
Planning, foreign ministries issue guarded reactions to comments by Alice Wells
Half-yearly uplift spending rises to 55pc of allocation
Development expenditures have been accelerated after recent advice from the International Monetary Fund.
Senate panel wants end to free power for electricity firms’ workers
Electricity being supplied to the staff is not properly metered and hence misused, observes panel.
Duty-free wheat import by private party allowed
ECC okays import of 300,000 tonnes of food staple to ease price hike.
No signs of rebound
A survey by global market research firm Ipsos revealed that the trust of the people in Pakistan’s economy has weakened.
Oil import bill falls by 20pc in first half of current fiscal year
Total oil imports amount to $6.14 billion as compared to $7.66bn during the same period last year.
Power firms seek Re1 hike in fuel adjustment for November
Higher electricity rates, on approval by the regulator, will be recovered from consumers in the upcoming billing month.
Unutilised water flow into sea causes $29bn yearly loss to economy: Irsa
Coming generations will die of hunger if dams not built, Senate panel warned.
Centre, Sindh meet today to settle gas share dispute
The gas demand and supply situation will start improving over the next week, says PM's aide Nadeem Babar.
Govt delists five properties from privatisation plan
CCOP meeting decides to hand over three of five delisted properties to Naya Pakistan Housing Authority.
Fitch reaffirms Pakistan’s rating at B-, outlook stable
High inflation and fiscal deficit, rising debt and interest payments amid slow growth are drags on credit rating.
Time for a fresh energy model
Different provinces have different energy sources that can be synergised to the benefit of all with proper planning.
Efficiency standards for lighting products to be enforced from 15th
Energy conservation measures can provide 10-15pc of saving to national economy.
Centre again rejects Sindh’s claim to gas it produces
Petroleum division issues rejoinder to CM’s letter.
PM orders overhauling of public diplomacy, information policy
Strategic communications division to be set up for effective projection of national narrative abroad.
Fresh roadblock for Tapi as Pakistan seeks gas price cut
India is also reported to have separately written to the Turkmen authorities for a price reduction.
Gas shortfall set to almost double next year
Cabinet panel informed that due to lack of exploration during the past 10 years, gas production has declined by 7pc.
PSO dues, Wapda loans and Tapi on second ECC meeting agenda
A senior official says the ECC is also expected to constitute a price negotiation committee (PNC) for Tapi project.
Senate panel okays changes in laws on money laundering, forex
Proposed laws have been envisaged to address legal deficiencies pointed out by the FATF.