The ex-depot petrol rate may decline by Rs13.40 per litre, and high-speed diesel (HSD) by Rs8.19 per litre for the next fortnight starting from May 16, according to an estimate. The premium on petrol is expected to be around $10.30 per barrel, and $6.50 per barrel on HSD, while the exchange rate adjustment is expected to be 12 paisa. However, there are still three days left for the announcement
The fate of 40 state-owned enterprises (SOEs) deemed strategic and essential by respective ministries but not accepted as such by Deputy Prime Minister Ishaq Dar remained undecided after Finance Minister Muhammad Aurangzeb chaired a cabinet committee meeting on Monday. The Cabinet Committee on State-Owned Enterprises (CCoSOEs) refrained from confirming the classification of these 40 enterprises
WITH Deputy Prime Minister Ishaq Dar having clawed his way back to the centre of economic policymaking, a tussle between two competing viewpoints — one represented by him, the other by Finance Minister Muhammad Aurangzeb — was inevitable. Mr Aurangzeb believes that Pakistan’s economy can no longer bear the burden of state-owned enterprises, which need to be privatised as early as possible. On t
THE consistent contraction in the size of the federal Public Sector Development Programme for the past three years is yet another sign of Pakistan’s lingering financial and economic crisis. New official data shows that the government has squeezed federal infrastructure development to Rs353bn — less than 0.4pc of GDP — during the first 10 months of the ongoing fiscal year to April, as the cash-s
Pakistan’s external economy is plagued primarily with two structural problems. First, a high level of public external debt and second, overreliance on further external borrowings that not only increase the external debt stocks but also push the future cost of debt servicing. All other issues are ramifications of these two conundrums. Our fragile and malleable democracy makes it too difficult fo