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In many developing countries, governments retain powers to set a wide range of prices across the economy. For example, the government in Pakistan guarantees how much dealers and distributers in the oil supply chain earn per litre. The support price for sugar cane growers is another well-known example. At a...
Agriculture cannot perform up to its potential unless there is a smooth working relationship between federal and provincial governments. This is not the case right now: the federal government wants the removal of the current chief minister of Sindh and treats the opposition parties — the PPP and the PML-N...
BANKS generally lend generously to the private sector when government borrowing is down. But they queue up to invest funds in treasury bills and bonds as soon as the government decides to shift its borrowing from the central bank to commercial banks. “The time for that has already arrived,” says...
KARACHI: The government of Pakistan is making all-out efforts to improve environment for investment and trade in the country, said President Arif Alvi during a meeting with Malay­sian Deputy Minister Datuk Seri Shamsul Iskandar Mohd Akin. Measures to strengthen bondage between the two countries were extensively discussed on the...
THE government is contemplating the launch of a new state-owned holding company — Sarmaya Pakistan — soon. It will hold and manage nearly 200 state-owned enterprises (SOEs) and undertake strategic decisions to turn them around and make them operational. The idea behind the establishment of the holding company is to...
LAHORE: Pakistan has decided to widen the scope of the China-Pakistan Economic Corridor (CPEC), says Minister for Planning, Development and Reforms Khusro Bakhtiar. Unveiling the CPEC’s new vision during a news conference here on Sunday, he said Pakistan and China had signed agreements for industrial, agriculture and socio-economic development projects...
ISLAMABAD: The delay in the launch of Rs200 billion Islamic bond to rescue the troubled energy sector has put the largest state-owned firm — Pakistan State Oil (PSO) — in dire straits with its receivables going beyond a record Rs364bn. A senior petroleum ministry official said receivables from the power...
KARACHI:  If the Pakistan Tehreek-e-Insaf (PTI) government’s clampdown on using furnace oil was not enough to create panic in the refining sector of Pakistan, the incoming revised International Convention for the Prevention of Pollution from Ships (Marpol) will create a perfect storm that will hit the shores by 2020. Globally, the...
Federal Minister for Information and Broadcasting Chaudhry Fawad Hussain confirmed that an Egyptian billionaire has offered to build 100,000 housing units in Pakistan. In a tweet, he said Egyptian billionaire Naguib Sawiris offered to build 100,000 housing units in Pakistan to help realise Prime Minister Imran Khan’s dream of Naya...
ISLAMABAD:  There are many questions and issues faced by policymakers in the energy sector in Pakistan – what to do with rising energy prices, especially, after devaluation; what to do with furnace oil; furnace oil export possibilities; should more of RLNG be inducted; what to do with thermal power plants...

Opinion

gdp budget

The upcoming ‘mini-budget’

The Fin-ance Minister has announced that he will be presenting a 'Mini-Budget' on the 23rd of January, a few days away. In effect, this...