Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
Recalling his first speech in the parliament, Prime Minister Raja Pervez Ashraf has said that the government was committed to bring peace in the region. While talking to Chief Minister Balochistan Nawab Aslam Raisani, the premier said that he was taking a personal interest to raise the standard of living of the people in the […]
In its weekly revision of petroleum prices, the government has dropped another petrol bomb on poverty-stricken masses, by increasing prices of petroleum products up to seven rupees. Taking effect from September 17 (Today), the Oil & Gas Regulatory Authority (OGRA) has notified the change of petroleum products prices once again. Earlier, the ministry of finance […]
Islamabad: Amid the POL’s rising prices in the international oil markets, the Government of Pakistan, on advice of the Ministry of finance, decides to transfer 50 per cent of the price difference to the customers. In this regard, the advisor to the Prime Minister on petroleum, Dr. Asim Hussain has already sent a summary to […]
Giving citizens some more to digest following Eid festivities, the government dropped a petrol bomb, rising oil prices by up to Rs4.40 per litre. Effective from today, the government announced a price hike in petroleum products. Earlier, the government had decided to retain prices of petroleum products at the current level due to Eid-ul-Fitr. However, […]
Islamabad: (Thursday, August 16, 2012) Ministry of Finance has released Rs 10 billion for urgent financial recovery of an ailing PSO marred by circular debt at the hands of the Independent Power Producers (IPPs). The payment has been made on demand of the Ministry of Water and Power for the payment of fuel debt. According […]
Moved by protests against loadshedding; the PM directs for release of 1.5bn rupees to Wapda Islamabad: (Wednesday, May 30, 2012) Moved by the country wide protests demanding an end to the prolonging loadshedding, Prime Minister Yousuf Raza Gilani here today directed the Ministry of Finance to urgently release Rs. 1.5 billion to WAPDA to settle […]
Budget paper foresees five major challenges for FY 2012-2013 Islamabad: (Tuesday, April 17, 2012) The budget paper prepared by the ministry of finance has identified five major challenges for the next year’s federal budget. The biggest one of these challenges, as anticipated, is the country’s poor performance on fiscal front that is to hit even […]
Ministry of Finance clarifies news reports about Dr. Waqar Masood’s transfer Islamabad: (Monday, February 13, 2012) Ministry of Finance’s spokesperson today clarified the news reports published yesterday in which the transfer of Dr. Waqar Masood was attributed to disclosure of facts by the International Monetary Fund (IMF) according to which the government’s budget deficit was […]
An old pensioner of the Pakistan Railways, waiting outside the Loco Shop bank branch overnight for the payment has lost his life, according to the media sources. As the Railways failed to pay the pensions on Tuesday, the old pensioner was sleeping outside the bank with a hope to receive his pension early in the […]
Pakistan Railways on path of brinkmanship As the crisis at Pakistan Railways (PR) touches a new height, the most recent economic catastrophe in the organisation can be blamed upon a stalemate between the Ministry of Finance and the Railways Ministry. However, the problem has its roots in the decades-long politicisation of the management and hiring […]
With globalization fast becoming order of the day, countries – regardless of their status as developing or developed, have started to realize the importance of attracting foreign direct investment in improving and sustaining their balance of payments and their industrial production. And Pakistan, being a fragile economy with deteriorated balance of payments and faltering industrial […]
