Karachi, September 16, 2023 – Pakistan non-elected caretaker government has scored a hat-trick by announcing yet another massive hike in petroleum prices. These successive increases come despite growing concerns and protests from the nation, as the government appears to disregard the economic hardships faced by its citizens.
Amidst heated debates surrounding the demonetization of the Rs 5000 banknote in Pakistan, particularly in the wake of a recent fake news episode, the question of why Pakistan should consider phasing out this high-denomination currency looms large.
Karachi, September 1, 2023 – Pakistan is currently facing an unprecedented challenge as petroleum prices soar to all-time highs, marking a significant economic concern for its citizens and policymakers alike. On August 31, 2023, the caretaker government announced a substantial hike in the prices of petrol and high-speed diesel (HSD), sending shockwaves throughout the country.
In a recent revelation by Pakistan’s Ministry of Finance, the previous government, led by the Pakistan Democratic Movement (PDM), which comprised several prominent political parties, has left the nation grappling with a staggering burden of Rs 452 billion due to the imposition of a petroleum levy during the fiscal year 2022-23. This unprecedented financial load … Read more
Pakistan, a nation once celebrated for its rapid economic growth between 1960 and 1990, has found itself at a critical juncture. During those prosperous decades, it boasted an annual average growth rate of approximately 6 percent, rivaling the best-performing developing nations.
The Track and Trace system is undeniably vital in curbing illegal cigarette manufacturing and addressing the pressing issues associated with it in Pakistan.
In Pakistan, politicians treated their constituencies as the fiefdoms, selecting their wives, sons, daughters or grandchildren as successors. The politicians have a tendency to treat their constituencies as their personal belongings, raising questions about the democracy within their party ranks and a barefaced display of nepotism, while making mockery of the democratic system.
Artificial intelligence (AI) is beyond disruptive. Arguably the second biggest leap in the technological revolution since the widespread adoption of computers, it is already transforming industries worldwide – and even creating new ones.
State Bank of Pakistan works towards Sharia-compliant financial system Karachi, June 19, 2023: In a significant move that aligns with Islamic teachings, Pakistan is on the verge of implementing a Riba-free banking system in the country.
In a significant move to promote tax compliance and strengthen the country’s revenue base, Pakistan has implemented an Active Taxpayers List (ATL) system.