Page 19 - Pakistan Government

Pak's annual inflation rises to record 37.97% YoY in May: Official data

Pakistan's annual inflation rose to a record 37.97 per cent year-on-year in May, according to official data on Thursday. Pakistan, currently in the throes of a major political as well as economic crisis, is grappling with high external debt, a weak local currency and dwindling foreign exchange reserves. Inflation is measured on the basis of a basket of products and services called the Consumer Price Index (CPI), in which items are divided into 12 major components with different weights. According to data released by the Bureau of Statistics, which keep a record of price hike, the highest year-on-year increase was recorded in the categories of alcoholic beverages and tobacco at 123.96 per cent, recreation and culture at 72.17 per cent and transport at 52.92 per cent. In the food group, items whose prices increased the most in May compared to last year were cigarettes, potatoes, wheat flour, tea, wheat and eggs and rice. In the non-food category, the items whose prices saw the highe

Ex-PM Imran Khan summoned in Lahore Corps Commander House attack case

A joint investigation team (JIT), constituted by the caretaker government of Punjab province to investigate arson attacks on the Pakistan Corps Commander's House

Historical trail of Pakistan's powerful military enterprise: Explainer

Amid the ever-changing political landscape, the only permanent force is the military establishment, while the political parties only coexist to share power with it

Pak Police surround Imran Khan's home in search of '30-40 terrorists'

Khan said his re-arrest was imminent. Hours earlier, Islamabad's High Court had granted him a bail extension until May 31, his lawyer Faisal Chaudhry said

Pakistan likely to turn to China for a bailout as IMF deadlock continues

Pakistan is now looking for a 'Plan B' for averting full fledge eruption of the balance of payment crisis

Pakistan's Lower House unanimously adopts motion against chief justice

The motion - moved by Pakistan Peoples Party (PPP) leader Shazia Sobia - was unanimously adopted by the house, the Express Tribune newspaper reported

Pakistan's former PM Imran Khan calls for nationwide 'freedom' protest

His remarks came in response to ISPR Director-General Major General Ahmed Sharif Chaudhry's statement in which he called Mr. Khan a "hypocrite"

Imran indicted, Pakistan burns; rupee falls all-time low to 287.29 vs $

Default risk grows, IMF deal may be delayed as court indicts Khan, sends him to 8-day custody

Sale of petroleum products halves in Pakistan, high inflation to blame

The marginal recovery in diesel sales during the month of April can be attributed to increased mobility due to the festive season and Eid holidays

Pakistan becomes largest recipient of ADB funded programmes in 2022

Owing to the economic crisis led by political and geopolitical uncertainties, Pakistan has become the largest recipient of the Asian Development Bank (ADB)-funded programmes/projects in the year 2022

Pakistan SC warns govt of serious consequences if poll funds not released

A day earlier, the Defence Ministry filed an application in the SC, requesting the top court to recall its April 4 order that had fixed May 14 as the election date for the Punjab Assembly

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