Pakistan’s annual consumer price index inflation rate was 4.9 per cent in November, data from the Pakistan Bureau of Statistics (PBS) showed on Monday. The reading reinforced months of easing inflation — which hit a historic high of 38pc last year — ahead of a meeting of the State Bank of Pakistan (SBP)’s Monetary Policy Committee meeting on December 16 to review the policy rate, which stands a
The constitutional bench on Monday admitted for hearing a set of petitions seeking Supreme Court’s declaration that power supply on a least-cost basis to citizens was the federal government’s responsibility under Article 9. The six-member bench, headed by Justice Aminuddin Khan, ordered the removal of objections raised by the registrar’s office to the petitions and issued notices to the attorne
The Pakistan-China border post on Khunjerab Pass opened for year-round trade and travel for the first time on Monday, with 40 Chinese containers loaded with goods and a bus carrying four passengers arriving at Sost (Pakistan) from Xinjiang on Monday. A bus carrying five passengers left Sost for the Chinese region on the same day. The locals welcomed the arrival of a bus and goods from China
Pakistan is considering suing consultants of the Neelum-Jhelum Hydropower Project (NJHP) for repeated faults in the Rs500 billion worth of the project, depriving the nation of a cheaper and environment-friendly power supply. Prime Minister Shehbaz Sharif would take a final decision to this effect in consultation with key stakeholders as a special committee on the subject also looks into expandi
Pakistan’s merchandise exports slowed in November and fell into the single digit due to a reduction in international demand, according to data released by the Pakistan Bureau of Statistics on Monday. The growth momentum picked pace in July owing to improved orders from the international community and stability in the exchange rate. The exports grew 11.83 per cent in July, followed by 16pc in A