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Experts call for power sector reforms

LAHORE:  discussion convened by the Lahore Economic Journalists Association (LEJA) titled ‘Increase in power tariffs - impact on consumers’ affordability, DISCOs recoveries, and circular debt’ brought together experts who emphasised the…

Weekly inflation sees uptick of 0.71%

KARACHI: The weekly inflation reading, measured through the Sensitive Price Indicator (SPI), increased by 0.71% due to an uptrend in food prices compared to the previous week, marking a reversal from the deceleration in essential…

FBR cautions IMF about Rs9.4tr tax target

ISLAMABAD: Pakistan shared a plan with the International Monetary Fund (IMF) on Friday to increase the number of income tax return filers to 6.5 million by June next year, but cautioned the lender about potential risks to the Rs9.4 trillion…

Inflation lowest for ten months at 26.9%

ISLAMABAD: The inflation rate fell to 26.9% in October -- the lowest for ten months and more than expected -- strengthening the position of the central bank during the International Monetary Fund (IMF) talks against any demand for a raise…

Govt raises gas prices amid Rs2tr loss

ISLAMABAD: In the face of a staggering loss of Rs2.1 trillion in the gas sector, Minister for Energy, Muhammad Ali, justified the recent increase in gas prices as being in the best interest of Pakistan. He explained during a press…

IT sector for swift policy adoption

ISLAMABAD: IT industry experts have praised the State Bank of Pakistan’s (SBP) recent policy measures aimed at boosting IT and IT-enabled services (ITeS) exports and have called for their immediate implementation. The IT sector has set an…