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
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”
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
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
The economic observers foresee big distortions in long-term inflationary outlook as monetary expansion in the poverty-stricken country grows beyond 8 percent,far higher than the current pace of GDP growth. The central bank reported Tuesday that monetary expansion in the country grew to 8.6 percent during July-April 6 (FY12) compared to 8.92 percent of corresponding . . . →Read More:Long-term inflation expected
By Amanullah Khan
Zero rated interest rate needed to spur economic growth
Karachi —The unchecked population growth which needs creation of millions of job every year can only be achieved if the private sector was allowed to play a much greater role to take the GDP growth rate more than double from the . . . →Read More:Private sector can help recover Pakistan’s economy