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 the problem . . . → 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 to . . . → 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

Budget 2013-14 not as bad as it sounds

By Usman Khalid

Finance Ministers usually outline in their budget speech the objectives they wish to achieve. I watched the Finance Minister Ishaq Dar budget speech on TV and was impressed by his knowledge of detail. But he did not outline his objectives; I had to glean his objectives from his long and . . . → Read More: Budget 2013-14 not as bad as it sounds

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