Day: December 6, 2021

By Mansoor AhmadDecember 05, 2021 LAHORE: It is true the entire world is grappling with inflation, the basic difference between inflation in developed economies and Pakistan is the former have fewer poor, while the latter is loaded with poor. Inflation impacts all segments of the society differently. It affects lower income groups disproportionately. It all relates to the consumable surplus that each family is left with at the end of the month. For families still having some surplus it is relatively easy to absorb the price increases. But the low-income families…

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The Sui Southern Gas Company (SSGC) has submitted a petition to the Oil and Gas Regulatory Authority (OGRA) seeking a hike in the gas tariff. As per The News, SSGC requested the regulator to hike the price of gas by Rs58.42 per Million British Thermal Units (mmBtu) for the fiscal year 2022. The company had already submitted a review petition for up to a 157.5% increase (Rs907.75 per MMBTU) in the average prescribed gas tariff for FY 2021-22.SSGC wants the gas tariff to increase as it is currently facing a…

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Despite government efforts to shore it up, the national economy is facing growing problems. Inflation is on the rise and the rupee is performing poorly. The Pakistani currency has lost 15 percent of its value against the dollar in the last six months. In the past three years, food prices have increased by 35-40 percent and our external debt has climbed to $125 billion. On December 1, the Pakistan Bureau of Statistics (PBS) stated that inflation stood at 11.5 percent in November. The inflation rate surged during the month compared…

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 Qaumi Watan Party (QWP) Chairman Aftab Ahmad Khan Sherpao has said that the Pakistan Tehreek-e-Insaf (PTI) government would place more burden of taxes on the people in the proposed mini-budget. Addressing a gathering in Peshawar city on Sunday, he said the government, in the mini-budget, would impose more taxes on the people, who were already exposed to galloping inflation. On the occasion known political and social figures Haji Amin and Haji Rahim announced joining the QWP. Sikandar Hayat Khan Sherpao, provincial chairman of QWP and Syed Fayyaz Ali Shah, provincial…

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OP-26 Glasgow ended without satisfactory outcome. It repeated the history of Copenhagen 2009. COP-15 Copenhagen was considered a game changing event after the commitments at Bali 2007. It was expected that developed world will rise to challenge and take the responsibility to combat the climate change. Unfortunately, COP-15 Copenhagen could not deliver, except the promise of US$ 100 billion. The promise was never kept. Developing world is looking towards the developed world to fulfill their commitment and promise. Whatever developed world offered in the financing to honor their promise, was…

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