design: Ibrahim Yahya KARACHI: Pakistan’s long overdue economic reforms and privatisation programme may become more challenging in the face of the potential installation of a coalition government as no political party has won a clear majority in Thursday’s general elections. The new administration is expected to opt for old solutions that have already been … Read more
Rights organisations, politicians, businesses, and international observers all cried foul as the federal caretaker government went back on its earlier assurances to keep internet services up and going. Amnesty International made a statement one hour after polls closed at 5PM calling the barring of cellular services calling the decision to suspend telecommunications and mobile … Read more
The results for the General Election 2024 are continuing to filter in. The weeks to come will see independents swear their loyalties and a government start to take shape. But whoever eventually comes to power will have very little time to settle in. Hitting the ground running will be particularly important when it comes … Read more
ISLAMABAD: The federal government’s expenditure surged to Rs4.83 trillion in five months due to an unmanageable interest cost and a slight opening of the public purse for other spending, raising questions about claims of achieving fiscal consolidation. Finance Ministry sources revealed that the tight control maintained over expenditures until October was slightly relaxed last … Read more
Pakistan International Airlines (PIA) has urgently appealed to the government for financial assistance, seeking relaxation from the State Bank of Pakistan (SBP) to arrange a loan of Rs15 billion from commercial banks. Facing operational challenges and potential risks of suspension, the Civil Aviation Authority (CAA) has already granted a Rs5 billion facility to keep … Read more
Finance ministry has so far refused to rescue the PIA and is reluctant to take any firm decision All PIA flights to Europe have been temporarily cancelled for a period of six months. — AFP/File CAA grants Rs5bn billion facility to keep PIA afloat. Finance ministry refuses to provide any guarantees. Aviation ministry makes last-ditch … Read more
Engro Fertiliser, Fauji Fertiliser (Rahim Yar Khan), and Fatima Fertiliser will pay Rs580/MMBtu for feedstock, Rs1,580 for fuel stock A worker drains water from a gas filter at the Egas processing plant in Gujar Khan, Pakistan March 10, 2017. — Reuters Plants to pay Rs580/MMBtu for feedstock, Rs1,580 for fuel stock. Petroleum division official says … Read more