IMF: Has Pakistan bitten off more than it can chew?

Pakistan’s talks with the IMF are in the news again. Having missed three deliverables, the Pakistani government has now committed itself to nine new deliverables to ensure the continuation of the $6.64 billion bailout package. These involve additional revenue measures of around Rs 100 billion by the end of February, a reduction in . . . → Read More: IMF: Has Pakistan bitten off more than it can chew?

Pakistan’s Oil, Gas prices may go up 32 percent

With the petroleum ministry’s support, three state-run oil and gas companies have sought a cumulative 32.3 per cent increase in the price of regasified liquefied natural gas (RLNG) to improve their profits even on system losses without fresh investments.

The Oil and Gas Regulatory Authority may reconsider on Monday the . . . → Read More: Pakistan’s Oil, Gas prices may go up 32 percent

PIA employees halt protest after talks

The Joint Action Committee of the PIA Employees (JACPIAE) Tuesday postponed the demonstration in front of the PIA Head Office in the evening till next Monday on the assurance of PIA’s chairman for holding meeting with all stakeholders in Islamabad today (Wednesday).

“The first board meeting of the airline cannot be held anywhere in the . . . → Read More: PIA employees halt protest after talks

Whats driving Pakistan’s economy

The Nawaz Sharif government is having a ball right now because, despite terrorism, chronic energy shortages, natural disasters and political upheavals like the PTI-led crippling 126-day long protest in Islamabad, numerous highly reputed media outlets like Bloomberg, Forbes and the Economist etc have reported that with a fast-improving security, dynamic Pakistan has the potential to . . . → Read More: Whats driving Pakistan’s economy

Pakistan has suffered over $20 billion losses due to climate change

The government estimates that Pakistan has, collectively, suffered losses to the tune of $20 billion due to the adverse and increasing effects of climate change.

In a detailed report submitted before the National Assembly on Friday, the government also accepted in so many words -that `Pakistan is among the countries which are most vulnerable to . . . → Read More: Pakistan has suffered over $20 billion losses due to climate change

USA – ‘Song of Lahore’ premieres at event hosted by Meryl Streep

Academy and Emmy Award winning filmmaker Sharmeen Obaid Chinoy and Andy Schocken’s documentary “Song of Lahore” premiered in New York City [NYC] on the 3rd of November 2015. The premiere was hosted by legendary Academy Award winning Actress Meryl Streep at the Crosby Street Hotel in New York where a special performance by The Sachal . . . → Read More: USA – ‘Song of Lahore’ premieres at event hosted by Meryl Streep

2 Degree of global warming can be catastrophic

The path to a transformational energy revolution must be forged quickly and intentionally, UN climate chief Christiana Figueres said at a Monitor-hosted event Tuesday.

Current national climate pledges are not enough to keep human-induced climate change in check, a top UN official said Tuesday, but countries can – and must – do more to cut . . . → Read More: 2 Degree of global warming can be catastrophic

Analysis of incomes in India and Pakistan

(By Farrukh Iqbal) India’s economic upsurge over the past quarter-century or so has been increasingly noted in books and articles and slogans that have gerunds like arriving, emerging, rising, and shining in their titles. With a series of reforms in the 1980s and 1990s, India embarked on a path characterized by rising levels of private . . . → Read More: Analysis of incomes in India and Pakistan

Pak Govt’s misadventure in to education system

How within a five-year period did we get from “the state shall provide free and compulsory education to all children of the age of five to sixteen years in such manner as may be determined by law” (Article 25A introduced by the 18th Amendment), to the state forcing private individuals and entities to curtail profits . . . → Read More: Pak Govt’s misadventure in to education system

Predictable budget shows government still held captive by the IMF

The federal budget for the fiscal year 2015-16 overwhelmingly exuded the universal prescription that the IMF usually sells to all its captive debtor countries as a panacea, no matter what their particular economic ills. If anything, one could detect heavy bureaucratic brushes, both of the IMF’s as well as that of our finance . . . → Read More: Predictable budget shows government still held captive by the IMF