The finance and power ministries have already finalised “Revised Circular Debt Management Plan,” based on the Rs2.253 trillion amount as of June 30, 2022. Khaleeq Kiani Consumers must brace for another hike in electricity tariff as the government was left with no other option but to receive additional payment from consumers to retire the power...
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Category: Business
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Who is Responsible for Pakistan’s Current Economic Crisis?
Pakistan is facing a myriad of economic problems, and the question of who is accountable for the present state of financial affairs is a complicated one, since several causes have contributed to the predicament. In recent years, Pakistan has been experiencing an economic crisis, which has led to inflation, significant unemployment, and a growing trade...
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Adani Enterprises’ massive $A127 billion disaster after ‘fraud’ allegations
The firm behind Australia’s most hated mine is facing a nightmare scenario after it was rocked by bombshell “fraud” claims. Alexis Carey One dramatic picture has summed up the nightmare scenario facing the man behind Australia’s most hated mine. Adani Enterprises was rocked by bombshell allegations it had been committing fraud for years on end last week,...
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An Overview of Declining Economies in South Asia: Bangladesh, Pakistan, and Sri Lanka
Strengthening institutions and reducing corruption will also be important for attracting foreign investment and encouraging economic growth
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Will Adani Group’s Empire Survive the Latest Scandal Allegations?
Asia’s richest man has lost his prized position on the rich list and has shed whopping amounts of money in his worst week on record.
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Australian link to Adani short-selling drama
Unsurprisingly given the close ties between Gautam Adani and Indian Prime Minister Narendra Modi, Adani’s response also contained a large dollop of nationalism. It’s the short-selling battle that’s captured the attention of the world: the $US98 billion ($138 billion) Indian entrepreneur Gautam Adani versus the New York-based short seller who says Adani’s conglomerate is the “largest con in...
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Powerful Profit, Common Cost: The Tale of Inequality
Many consumers termed the recent petroleum increase as an ‘inflation bomb’ and criticized the government. There is no denying that in such a situation, common man pays the price while the powerful make the fortune. Workers with professional and academic backgrounds often need to take up additional employment to make ends meet. Occasionally, people only...
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Dar’s Islamic Touch to Government’s Ineligibility in Strengthening Economy
Ishaq Dar, the Minister of Finance, gave a speech that was broadcasted on television on Sunday morning and announced an immediate increase of Rs35 in the price of both gasoline and diesel fuel. The depreciation of the Pakistani rupee last week has resulted in an 11% rise in the pricing of petroleum goods on the...
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Why is IMF delegates’ visit so important for Pakistan?
The International Monetary Fund (IMF) will send a delegate to Pakistan the next week in order to discuss the re-launch of its delayed rescue package. Why is this visit so crucial for Pakistan? The Worldwide Monetary Fund (IMF) is a global institution with the mission of easing international monetary conditions. Pakistan would benefit greatly from...
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Pakistan economy is on the verge of collapse: Financial Times
Analysts warn that Pakistan’s economic situation is at risk of following Sri Lanka, says FT report Pakistan’s economy in on the verge of collapse as thousands of containers are stuck up at the seaports due to the severe shortage of dollars, a report published in the Financial Times warned on Thursday. Analysts warn that Pakistan’s economic situation...