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The Pakistani government is looking to tame inflation with fuel price cuts and a price-control mechanism, caretaker Prime Minister Anwaar ul Haq Kakar said on Monday. The South Asian country is ...
Pakistan has experienced an economic crisis as part of the 2022 political unrest. It has caused severe economic challenges for months due to which food, gas and oil prices have risen. As of 1 January 2025 Pakistan inflation rate was 4.1% lowest in 6.75 years. The Russian invasion of Ukraine has caused fuel prices to rise worldwide. Excessive ...
Constant economic pressure and failure of the planned economy led the dismissal from power of Benazir Bhutto in 1996 when she failed to materialize her and the relatively poor economic growth. By the 1996, the economic GDP growth had reached to 1.70% [13] (lowest growth since 1970) and the rate of inflation had risen to 10.79% (highest since 1991).
Following Coronavirus in 2020 foreign investment in domestic bonds "left the country", [5] while in June 2023 FDI fell to a twelve-year low. [6] The establishment of the SIFC is seen as a response to the requirement for economic revitalization during Pakistan's economic crisis, specifically addressing the obstacles posed by bureaucratic red tape and intricate regulations that act as deterrents ...
Pakistan’s new coalition government presented its first budget in parliament on Wednesday, promising an increase of up to 25% in the salaries of government employees and setting an ambitious tax ...
STORY: Every penny counts for Anser Mai, a widow and mother of three, as Pakistan strains under the high inflation that's hitting the globe.She earns about $134 U.S. dollars a month working as a ...
The National Finance Commission Award or NFC is a series of planned economic programs in Pakistan enacted since 1951. [1] Constituted under the Article 160 of the Constitution, the program was emerged to take control of financial imbalances and equally managed the financial resources to four provinces to meet their expenditure liabilities while alleviating the horizontal fiscal imbalances. [2]
The Medium Term Development Framework (Urdu: قالبِ وسط مدّتی برائے ترقیات) (denoted as MTDF), is a policy measure programme of the Government of Pakistan drafted by the Ministry of Finance, Economic Coordination Committee and the Planning Commission of Pakistan, formulated to strengthen the national economy and civil infrastructure.