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…
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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…
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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…
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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…
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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…
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The US and Saudi Arabia have reached a detente after weeks of hostility about high oil prices, with the OPEC+ cartel announcing a production hike even as the new Covid variant threatens demand. The group led by Saudi Arabia and Russia surprised markets by agreeing to add 400,000 barrels a day of oil from January, even as the virus undermines…
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