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Tag Archive | "Inflation"

Further hike in interest rate not in national interest

Friday, November 21, 2008

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Government has accomplished the peak of interest rate hikes by revising it for the four times in the current year and any further increase will be devastating for the economy, Pakistan Economy Watch said Friday. The downward trend in prices is because of economic slowdown and there is nothing on the credit of administrative measure, [...]

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Informal economy getting larger, peak of crises yet to come

Thursday, October 9, 2008

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Islamabad: Pakistan Economy Watch has said that the weakness of government and lax attitude of authorities has again pushed up the prices of wheat, flour, milk and fertilizers. Prices of pharmaceuticals will be hiked shortly. Profiteers have started hoarding sugar to milk commoners in near future. Value of everything increasing but human life, rupee Value of [...]

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Sufficient inflows in next 4 weeks to build up reserves: PM’s Advisor

Wednesday, October 8, 2008

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KARACHI: Advisor to Prime Minister on Finance Shaukat Tareen said Wednesday that foreign exchange reserves will be built- up with the help of sufficient inflows being arranged in next three to four weeks. He was talking to media at Jinnah Terminal of Karachi Airport. “I am going to Washington DC tonight (intervening Wednesday-Thursday) to [...]

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ECC meets to review economic situation

Tuesday, September 23, 2008

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ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) which met here on Tuesday under the chairmanship of Prime Minister Syed Yousuf Raza Gilani reviewed the price situation and it was informed that sensitive price indicator has registered decline during the last two consecutive weeks of this month. The prices of 17 items have registered increase, [...]

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Pakistan govt borrowing swells to Rs58bn

Thursday, September 11, 2008

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ISLAMABAD: Due to Pakistan economy’s burgeoning income-expenditure gap, the government’s borrowing for budgetary support increased to Rs58.24 billion during the first month of fiscal year 2008-09, depicting an increase of 40.95 per cent compared to borrowing of Rs41.32 billion in the corresponding month of the last fiscal. During July 1 to July 26, government’s borrowing from [...]

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Zardari faces Herculean task of reviving economy

Sunday, September 7, 2008

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Islamabad: The newly elected President Asif Ali Zardari is facing extremely difficult task of bailing out country of the current political and economy mess. He should take right decisions without any further delay as whole country is sinking into poverty. SOS messages have been sent to friendly and brotherly countries who have strategic, economic and [...]

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67 % Pakistanis interest in judicial crisis

Saturday, August 16, 2008

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ISLAMABAD: Two thirds (67%) of a national sample of men and women are still interested in the judicial crisis that has gripped the country since March 2007 when the Chief Justice of Pakistan, Iftikhar Chaudhry, was deposed by President Musharraf on accounts of nepotism and abuses of office. According to Gallup Pakistan latest press release, [...]

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Senate concerns over security, inflation

Thursday, August 7, 2008

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ISLAMABAD: The Senate on Thursday began debate on internal security situation and price hike in the country. Initiating the debate, leader of the opposition Kamil Ali Agha expressed concern over the deteriorating law and order situation. He said people are feeling insecure as security agencies have failed to control street crimes, dacoities and kidnappings for [...]

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Gas prices have increased by 31%

Monday, June 30, 2008

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ISLAMABAD: Minister Incharge for Petroleum and Natural Resources Shah Mahmood Qureshi said the increase would, however, be not applicable to first three slabs constituting ninety-one percent of domestic consumers. During his news conference on Monday, He said the prices have to be increased because of phenomenal hike in oil prices in the international market. The [...]

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People are protesting against price hike

Friday, June 6, 2008

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Popularity: 4% [?]

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Pakistan calls for action plan to make food affordable

Friday, May 16, 2008

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UNITED NATIONS: Pakistan has called for a concerted plan of action that must include emergency actions, including humanitarian aid, to enable severely stressed developing countries to provide affordable food to their peoples. “It (the action plan) must also provide inputs to ensure larger food production in the near term, inter alia, to ensure supplies and [...]

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Rupee’s devaluation: Senate shows concern; Govt to control price hike

Wednesday, May 14, 2008

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ISLAMABAD: The Senators has expressed serious concern over massive devaluation of the rupee during the last few weeks and said this is also affecting common man as it affects purchasing power. Members taking part in the debate urged the government to take comprehensive measures to control rising prices of essential commodities and provision of food [...]

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