ISLAMABAD: In a positive development, 41 out of 47 IPPs that signed MoUs with the government in August 2020 have so far initialed master agreements, paving the way for their discounted tariff of Rs 836 billion in next 10-12 years. Six IPPs are still away in the wake of a dispute over resolution of excess profits of Rs53 billion from…
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Amazingly, the pace of inflation slowed down to 5.7% in January, which was the lowest rate in over two years, due to smooth supplies of perishable food items and abnormally high inflation rate in the same month a year ago. It was the consecutive fourth month that the inflation pace was on a downward trajectory. “Inflation continues to decline. January…
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Pakistan was ranked second in the list of countries with the worst air quality in 2019 by a Swiss air quality technology company. Lahore and Karachi often compete for the first position in the list of the world’s most polluted cities on the company’s website. These rankings are based on the Air Quality Index (AQI), which is based on the…
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We grew up hearing about abundance of minerals in Pakistan and their potential to bring economic change to the country. However, so far we have not really been able to harness them to bring that change. While they remained mostly buried below the ground, the country kept on sinking in the quagmire of debt which stood at $276 billion as…
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ISLAMABAD: For the fifth fortnight in a row, the government on Sunday increased the prices of all petroleum products by 2.5 per cent to 4.6pc for the next 15 days. According to an announcement by the Prime Minister Office, the ex-depot prices of high speed diesel (HSD) and petrol were increased by Rs2.88 and Rs2.70 per litre, respectively. The prices…
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