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
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