Page 19 - Pakistan Government

World Bank estimates decline in Pakistan's GDP per capita income to $1,399

The World Bank has estimated a drop in GDP per capita income for Pakistan from USD 1,613.8 in 2021-22 to USD 1,399.1 in 2022-23, Business Recorder reported.In its report 'Macro Poverty Outlook for Pakistan: April 2023', the bank noted that GDP per capita growth is estimated at -1.5 per cent in 2022-23 in comparison to 4.2 per cent in 2021-22. World Bank has cut Pakistan's GDP forecast to 0.4 per centThe unemployment rate in Pakistan is estimated to rise from 10.2 per cent in 2022-23 to 10.1 per cent in 2021-22. Poverty will inevitably rise with pressures from weak labour markets and high inflation, as per the Business Recorder report.In the absence of higher social spending, the lower-middle-income poverty rate is expected to rise to 37.2 per cent in FY23. Considering poor households' dependency on agriculture and small-scale manufacturing and construction activity, they remain vulnerable to economic and climate shocks.Gross investment is estimated to reduce to 106 per cent in 2022-23

PTI to write to Pak Prez Arif Alvi about Punjab caretaker govt's tenure

Pakistan Tehreek-e-Insaf (PTI) has decided to write to Pakistan President Arif Alvi over the 90-day constitutional term of the Punjab caretaker government, ARY News reported.PTI senior vice-president Fawad Chaudhry will write a letter to Alvi regarding the tenure of the Punjab interim government headed by Chief Minister Mohsin Naqvi, as per the ARY News report. The letter stated that the 90-day constitutional term of the Punjab caretaker government will end on April 22. However, the caretaker setup has not been able to complete its objective during the term.In the letter, Fawad Chaudhry urged Pakistan President Arif Alvi to send the letter as a reference to the Supreme Court. Furthermore, PTI will request a court order Fawad Chaudhry requested President Arif Alvi to send the letter as a reference to the Supreme Court, as per the ARY News report.Pakistan Tehreek-e-Insaf (PTI) will also request a court order to clarify the process of ending the interim government, as per the news ...

Imran's lust for power imperiled Pakistan's foreign policy: Shehbaz Sharif

The Pakistan premier took to Twitter to launch a tirade against the former Prime Minister, saying that "his hypocrisy knows no bounds", The Express Tribune reported

Pak govt stops SC from conducting hearings against bill limiting judiciary

Pakistan's ruling coalition has rejected the formation of an eight-judge bench tasked to hear the petitions against pending legislation meant to clip the powers of the Supreme Court Chief Justice, terming the move unprecedented and unacceptable, media reports said on Thursday. The Pakistan Democratic Movement (PDM) also issued a joint declaration in which it said that the apex court's move to form a controversial bench even before the completion of the legislative process "was never seen in the history of Pakistan and the Supreme Court, the Dawn newspaper reported. The bill, titled the Supreme Court (Practice and Procedure) Bill 2023, is aimed at depriving the office of the CJP of powers to take suo motu notice in an individual capacity. It was initially passed by both houses of parliament and sent to the president for his assent. However, the president sent it back, saying that the proposed law travelled beyond the competence of parliament.

UGC cautions Class 12 students against fake universities in Pakistan

Ahead of college admissions, University Grants Commission (UGC) has warned students against unrecognised or 'fake' institutions operating in the country.

HRCP raises concerns over disappearances, curbs on press in Balochistan

The Human Rights Commission of Pakistan (HRCP) has sounded alarm over growing public frustration pertaining to enforced disappearances, economic exclusion, curbs on press freedom

Providing 24/7 gas supply to masses not possible, says Pakistan minister

Pakistan's Minister of State for Petroleum Musadik Malik said that they cannot give a 24x7 gas supply to the masses, according to The News International

Pakistan needs foreign loans to avoid public debt crisis, says World Bank

World Bank in its flagship report 'Pakistan Development Update' warned Pakistan regarding serious dangers to its economic and debt viability

Pakistan gets Saudi Arabia's green signal for provision of $2 billion

Pakistan has received the nod for funding to the tune of $2 billion from Saudi Arabia

World Bank projects massive decline in Pakistan's GDP growth to 0.4%

Projecting a massive decline in Pakistans GDP growth to 0.4%, World Bank has warned that non-completion of IMF programme and political instability may result in eruption of major macroeconomic crisis

Pak top Court rejects election commission's decision delaying Punjab polls

Pakistan's Supreme Court on Tuesday termed as "unconstitutional" the election commission's decision to postpone polls in the Punjab province till October 8, in a blow to the federal government that has been trying to delay the provincial election citing security issues and the economic crisis. The apex court also fixed May 14 as the date for polls in the province.

Amid political turmoil, Imran Khan-led PTI seeks clearance for Lahore rally

As the political turmoil continues in Pakistan, Imran Khan-led Pakistan Tehreek-e-Insaf (PTI) on Sunday sought security permission for a public rally in Lahore on Tuesday, ARY News reported

Gilgit-Baltistan force being used to attack police in Zaman Park: Pak govt

The minister accused the PTI chairman of using women and children as human shields outside Zaman Park during the clashes, the Pakistani daily reported

All weather ally China approves $1.3 billion for cash-strapped Pakistan

Cash-Strapped Pakistan sees a ray of hope as the Industrial and Commercial Bank of China (ICBC) approved the rollover of USD 1.3 billion facilities.

Pak: Nationalist parties threaten protest if govt impose digital census

Chandio, who chaired the meeting, told journalists that the digital census was unconstitutional, illegal, and anti-Sindh

Pak's party TLP party gives govt 'ultimatum' to withdraw fuel price hike

I am giving a 72-hour ultimatum to the government to withdraw the increase in the prices of petroleum products immediately: TLP Chief Saad Hussain Rizvi

Pakistan's external debt servicing jumps by 70% in first half of FY23

In the first half of the fiscal year, Pakistan paid USD 10.21 billion in external debt servicing while in the same period of 2021-22, the country paid USD 6 billion

Gomal University in Pak bans mixed-gender gatherings of students on premise

The university also directed "female students" to be careful and limit themselves in their classrooms and the department's common rooms

Pakistan's remittances decrease 9.9% in January, says Central bank

The workers' remittances recorded an inflow of 1.894 billion US dollars in January, as compared to the previous month's figure of 2.102 billion dollars

A profligate state: The financial cul-de-sac that confronts Pakistan

With a narrow industrial base and dysfunctional politics, and a counter-productive national security agenda, Pakistan could well remain an "international migraine", writes T N Ninan