Despite strong reservations from the ministries of finance and power, the government has approved a dollar-based guaranteed return on the transportation of petroleum products through the 477-kilometre Machike-Thallian-Tarujabba White Oil Pipeline, estimated to cost $300 million. The project will be executed on a government-to-government basis by a joint venture comprising Azerbaijan’s state-own
Wheat and flour prices have surged sharply in Karachi’s wholesale market, raising fresh concerns about food inflation and market supply, despite government assurances of sufficient national stocks. Wholesale wheat now sells for Rs90 per kg, up from Rs72 in mid-August and Rs62 in July. This increase has pushed the price of flour no. 2.5 to Rs97 per kg and fine flour to Rs103, compared with Rs81
The planned merger of Telenor Pakistan with Pakistan Telecommunication Company Ltd (PTCL) has faced further delays as the Competition Commission of Pakistan (CCP) raised serious concerns over PTCL’s business ethics, funding sources, and lack of transparency in key documents. According to sources, the CCP has flagged PTCL’s failure to submit the required documentation and demanded detailed cla
The government plans to borrow approximately Rs4.8 trillion through banks and capital markets during the September-November period to meet its financing needs, amid rising fiscal pressures and the economic impact of recent floods. According to data released by the State Bank, the borrowing includes Rs2.875tr through Treasury Bills and Rs2tr through Pakistan Investment Bonds (PIBs). Of th
The United Nations launched on Monday the Network on Migration in Pakistan to strengthen migration management and governance to facilitate safe, orderly and regular migration. The establishment of the United Nations Network on Migration (UNNM) marked a significant step towards a unified, collaborative approach to migration governance and responding to the inter-connected challenges of human tra