Pakistan National Budget 2015: Reality and claims

Brimming with excitement bordering on the histrionics that one normally associates with political rallies, trusted Mian Nawaz Sharif kinsman, Federal Finance Minister Ishaq Dar, presented what he insists is a “poor-friendly” Federal budget in the National Assembly (NA) on June 5. Detractors do not share the palpable enthusiasm of our “man for all seasons”, they . . . → Read More: Pakistan National Budget 2015: Reality and claims

The richest bankers in Pakistan

(By Kazim Alam / Creative: Essa Malik) The CEO of United Bank is the highest-paid banker in Pakistan, as his annual remuneration clocked up at a whopping Rs246.5 million in 2014.

The UBL CEO’s annual remuneration package roughly translates into a compensation of over Rs20 million per month. Wajahat Husain took over as UBL . . . → Read More: The richest bankers in Pakistan

Pakistan population growth and regional security

A growing population affects sustainability on many fronts while its associated insecurities pose real threats to a country like Pakistan. In the modern age, increasing consumption and diminishing resources arising from more and more people on the planet is a political and developmental challenge faced by many governments around the globe. World population . . . → Read More: Pakistan population growth and regional security

How America is crumbling from within

Editor’s note: This story is part of a Special Report on the global youth unemployment crisis, “Generation TBD.” It’s the result of a GroundTruth reporting fellowship featuring 21 correspondents reporting in 11 countries, part of a year-long effort that brings together media, technology, education and humanitarian partners for an authoritative exploration of . . . → Read More: How America is crumbling from within

How long will Ishaq Dar lie to the nation

Addressing a news conference on government’s one-year performance on 6th August, 2014, Finance Minister was highly selective in dishing out figures to show that the economy has made a steady progress during the tenure of the present dispensation. According to him, privatisation process was moving forward in a transparent manner and tax and power sector . . . → Read More: How long will Ishaq Dar lie to the nation

Power sector to get major increase in subsidy for Ramadhan

(By Khaleeq Kiani) ISLAMABAD: The government is expected to increase by 60 per cent the subsidy provided to the power sector in July to ensure minimum loadshedding during Sehr, Iftar and Taraveeh times.

The Ministry of Water and Power said on Sunday the government would provide an additional Rs14 billion to power companies during Ramazan . . . → Read More: Power sector to get major increase in subsidy for Ramadhan

KP’s new online price control system

PESHAWAR – The Khyber Pakhtunkhwa government has formally launched online system in the province to control prices of essential commodities during the holy month of Ramzan-ul-Mubarak.

This is part of Khyber Pakhtunkhwa government special reforms initiative. This was revealed at a high-level meeting chaired by Additional Chief Secretary Khalid Pervez on the special directives of . . . → Read More: KP’s new online price control system

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