Privatization to be stopped by Labor Unions

Over 35 labour unions representing the staff of government institutions along with current and former members of parliament on Tuesday unanimously vowed to oppose any plans to privatise state enterprises.

The anti-privatisation conference at the National Press Club saw the main hall jam-packed with employees and federations of Pakistan Railways, Pakistan Institute of Medical . . . → Read More: Privatization to be stopped by Labor Unions

PML-N prints Rs 842 Billion in its 145 days of rule

By Erum Zaidi

KARACHI: The State Bank of Pakistan (SBP) printed record Rs842 billion during the 145 days of the current fiscal year, provisional monetary aggregates released by the central bank reveals on Tuesday.

Economists say the central bank continues to print money with consequent inflation to finance the rising government spending. The government seems . . . → Read More: PML-N prints Rs 842 Billion in its 145 days of rule

Electricity tariff increased by 73 paisas per unit

The National Electric Power Regulatory Authority (Nepra) increased on Thursday electricity tariff by 73 paisa per unit for distribution companies of Wapda to be paid by consumers from next month.

The increase was allowed under a monthly fuel adjustment formula under which actual variations in cost of power supply are transferred to consumers. The tariff . . . → Read More: Electricity tariff increased by 73 paisas per unit

Budget 2013-14 not as bad as it sounds

By Usman Khalid

Finance Ministers usually outline in their budget speech the objectives they wish to achieve. I watched the Finance Minister Ishaq Dar budget speech on TV and was impressed by his knowledge of detail. But he did not outline his objectives; I had to glean his objectives from his long and . . . → Read More: Budget 2013-14 not as bad as it sounds

Food insecurity rising admits govt

The ministry of food security has conceded that poverty has been increasing in the country during the past four and a half years of the PPP-led coalition government.

The Senate was informed on Thursday that as per estimates of the World Bank and the UNDP, 17.2 per cent of Pakistanis were living below the poverty . . . → Read More: Food insecurity rising admits govt

Hike in petrol, CNG prices approved by govt

By Zafar Bhutta

The government on Tuesday increased the prices of petroleum products by up to Rs7.67 per litre effective from Wednesday, following a rise in global oil prices.

The price of compressed natural gas (CNG) has also been increased by up to Rs7.02 per kilogram following a hike in petrol price.

. . . → Read More: Hike in petrol, CNG prices approved by govt

JI calls govt’s ramadan relief packages a “failure”

Jamaat-e-Islami (JI) General Secretary Liaqat Baloch on Wednesday expressed concern over the exorbitant increase in prices before the month of Ramadan, saying the relief packages announced by the federal and the provincial governments were a failure.

He said that both the governments were making tall claims for the provision of essential items on low rates . . . → Read More: JI calls govt’s ramadan relief packages a “failure”

Prices of edibles to be reduced during Ramadan: CM Punjab

Punjab Chief Minister Shahbaz Sharif on Tuesday announced Special Ramadan Package to provide quality edibles at subsidised rates to the people during the month of Ramadan under which 10 kg flour bag would be available at Rs 230 in Ramadan Bazaars, at Rs 240 in the open market while 20 kg flour bag would be . . . → Read More: Prices of edibles to be reduced during Ramadan: CM Punjab

Rate of inflation increased by 9% in 2012

The rate of inflation for 44 essential commodities including wheat, rice, pulses, meat, kitchen fuel and poultry products stood at nine per cent in April 2012, a special report by the Free and Fair Election Network (FAFEN) released on Wednesday said.

. . . → Read More: Rate of inflation increased by 9% in 2012

International Day for Labor – Pakistani Style

Offices all over the country were abuzz with happy anticipation on the eve of First May, International Day for Labor. Smiles plastered all over, everyone looked forward to a day of utter relaxation and content at home. For what else does Labor Day mean to us except a midweek free holiday?

. . . → Read More: International Day for Labor – Pakistani Style