ISLAMABAD: Pakistan’s annual inflation rate has decreased to 9.6% in August, the lowest level in nearly three years, due to a higher base effect and reduced prices for non-perishable food items. However, there has been a notable double-digit acceleration in the prices of other essential goods. The Pakistan Bureau of Statistics reported on Monday that … Read more
ISLAMABAD: The Senate Standing Committee on Interior on Tuesday approved a bill that regulates peaceful protests and rallies within Islamabad, allowing such activities only in designated areas approved by the government. The bill, titled “Peaceful Assembly and Public Order Bill 2024,” was presented by Senator Saleem Mandviwalla. According to the bill, protests will only be … Read more
Pakistan has agreed to revive the 1,124MW Kohala Hydropower Project (KHPP) and extend the completion deadline by three years. Dawn reported, citing sources in the Planning Commission, that the project, stalled for three years, faced delays due to the reluctance of China Export and Credit Insurance Corporation (Sinosure) to provide insurance coverage. This reluctance stemmed … Read more
ISLAMABAD: The Ministry of Finance has submitted details to the Senate regarding the increase in national debt over the past three years. According to the written response, the national debt increased by Rs31.5 trillion during this period. In the fiscal year 2021-22, the debt rose by Rs9.4 trillion, in 2022-23 by Rs13.7 trillion, and in … Read more