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

Long-term inflation expected

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

Private sector can help recover Pakistan’s economy

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

Over 90 million Pakistanis have food insecurity

By Maha Mussadaq

With figures of malnutrition rising every year,50% of Pakistan’s population remains food insecure,according to the UN World Food Program (WFP).

. . . →Read More:Over 90 million Pakistanis have food insecurity

Loss of Opportunities in the Land of Opportunities

‘At the time of independence Pakistan had something around two and a half textile mills;a small unit at Lahore and one in Faisalabad. We decided to shift production to Multan as Faisalabad would be too big for two textile mills.’ Thus began Mian Mughees A Sheikh’s personal account of the historical political and socioeconomic . . . →Read More:Loss of Opportunities in the Land of Opportunities