January 28: Business Recorder reported that government said on Thursday that the inflation rate might further accelerate this month while Finance Minister Shaukat Tarin proposed to give fuel cards to motorcyclists and relax the taxable income threshold to bail out the inflation-stricken salaried class. Read More I
Pakistan requires Rs1.4tr in subsidies to keep POL prices unchanged
May 21: The News reported that the International Monetary Fund (IMF) has estimated that Pakistan requires Rs1,416 billion in subsidies for keeping the POL prices unchanged on an annual basis at the prevalent existing prices in the international market, so Islamabad will have to reverse fuel subsidies for achieving fiscal prudence.
Alarm sounded as water levels in Indus drop once again
May 21: Dawn reported that although Sindh has recently shown a marginal improvement in the overall availability of water at three barrages, the latest figures for downstream flows at the Tarbela dam and the Chashma barrage have set alarm bells ringing once again.