Tag: Inflation
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PMML Urges Strict Enforcement of Official LPG and Food Prices
LAHORE: Pakistan Markazi Muslim League (PMML) Secretary General Saifullah Qasuri has expressed concern over the sale of LPG, vegetables and fruits at prices significantly above official rates, saying consumers are facing increasing financial pressure while the authorities have failed to enforce price control regulations. In a statement, Qasuri said LPG, officially priced at Rs241 per…
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Petrol Bomb: When the Burden of Governance Falls on the People
By Major (R) Haroon Rasheed, a Defense and Strategic Analyst specializing in South Asian military dynamics, deterrence strategy, and defense modernization, and a member of the Research and Evaluation Cell for Advancing Basic Amenities and Development. Pakistan is once again witnessing what the public commonly calls a Petrol bomb. The recent increase of approximately Rs.…
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Nabeel Zafar Voices Concern Over Inflation and Rising Electricity Costs
KARACHI: Renowned actor, director, and producer Nabeel Zafar has expressed serious concern over the growing inflation and soaring electricity bills in Pakistan, describing the current economic climate as a major challenge for the average citizen. Speaking during a private television program, Zafar remarked that the sharp rise in utility costs has made daily life increasingly…
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A Pragmatic Leader for a Progressive Pakistan: Shehbaz Sharif’s Strategic Approach
Prime Minister Shehbaz Sharif’s tenure has marked a defining shift in Pakistan’s political and economic trajectory. Since taking office following the general elections of 2024, Sharif has sought to chart a course that stabilizes the country’s tumultuous economy while focusing on long-term growth and regional influence. His pragmatic approach to leadership—marked by strategic economic reforms,…
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Moody’s Report Highlights Economic Challenges and Opportunities for Pakistan
This news report is covered by Eshal Kazi. In its latest assessment of Pakistan’s economy, global rating agency Moody’s has outlined significant challenges and opportunities ahead for the country. The report emphasizes that while the new IMF program is set to enhance Pakistan’s financing prospects, the implementation of difficult reforms without a strong electoral mandate…
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Pakistan Secures $7 Billion Aid Deal with IMF
This news report is covered by Eshal Kazi. Pakistan and the International Monetary Fund (IMF) have agreed on a three-year, $7 billion aid package to bolster the country’s economic stability and promote growth. Announced on Friday, the Washington-based institution noted that the agreement awaits approval from the IMF’s Executive Board. The new program aims to…
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Inflation in Pakistan: A Looming Threat
Inflation in Pakistan has surged at an alarming pace, reaching 36.4 percent by April 2023, marking a staggering increase of 13.2 percent points within seven months. According to a Reuters report, Pakistan’s consumer price index (CPI) for December soared by 29.7% compared to the previous year, as per data from the Pakistan Bureau of Statistics.…
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Pakistan’s Economic Crisis in 2024: An Existential Threat
Introduction: Pakistan faces a formidable challenge in 2024—the looming threat of an existential economic crisis. The nation’s economy is grappling with a myriad of issues, from dwindling exports to soaring inflation and a debilitating debt burden. This crisis, exacerbated by regressive monetary and fiscal policies, poses a severe risk to the country’s economic stability. Caretaker…
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Will IMF or won’t IMF?
12th is the date set for the board meeting of IMF for determining whether or not Pakistan will be granted the new 9-month loan program. Holy Moly! Nine months? To get money, make the ‘structural changes,’ a vague term yet undisclosed by the IMF to the hapless public- and return the $77 billion dollar returnable…
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The Ramadan plight!
For the very first time this year in Ramadan, I am witnessing something witnessed only at Baqr-e-Eid : door-to-door visits for ‘Ramadan Goods Package.” Yesterday alone I had 10 to 12 people come knocking at my door. The sad part was, in most cases, they were obviously not dirt poor. They were neatly turned-out men…