Category: Recent Post

The Cons-umer Price Index-based inflation of October 2020 increased by 1.70 percent over September 2020, and increased by 8.91 percent over corresponding month of the last year i.e. October 2019 as a result of increase in food items including sugar, pulses, chicken, and wheat flour. According to the data released by the Pakistan Bureau of Statistics (PBS) month-on-month basis, the top few commodities, which contributed to inflation include tomatoes (48.36 percent), onions (39.07 percent), chicken (26.62 percent), eggs (23.81 percent), wheat (8.39 percent), wheat products (8.07 percent), sugar (4.58 percent),…

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On Monday, on market close, PKR continued to gain value. It went up against USD in both interbank and open markets. It also gained value against Euro, AED and SR in open market. INTER-BANK MARKET RATES: In the interbank market, on market close, Pakistan Rupee gained 20 paisas for buying and 15 paisas for selling against USD over last Thursday’s rates closing at 160 and 160.10 respectively. OPEN MARKET RATES: In the open market, PKR gained 60 paisas for buying and 40 paisas for selling over last Thursday’s rates closing…

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ISLAMABAD: The government has decided in principle to announce on Tuesday a major relief package of the electricity tariff for general, small and medium industries to encourage higher power consumption and manufacturing. As part of the Industrial Support Package (ISP), two separate meetings of as many cabinet committees decided to offer incremental power consumption in industrial and SME sector at Rs8 per unit and do away with peak and off-peak rates. A cabinet member told Dawn that a formal approval to both decisions would be granted by the federal cabinet which is…

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The climate crisis has become a key issue not just for American voters in this US election — but people across the world. What the next president does or doesn’t do over the next four years will have a profound impact on the whether the world is able to avert the worst effects of climate change, scientists, policy makers and activists say. They say the world needs a US president who cares about climate change, for two main reasons. First, many nations take their cue from US policy, particularly on…

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Muhammad Ali Jinnah Road has always had its share of traffic, but lately the main thoroughfare that connects central Karachi to its major port is in a state of near constant gridlock. An elevated street eats up two of the road’s three lanes, but it’s empty — part of an incomplete project to create express lanes for public buses that was supposed to finish three years ago.It’s one of many towering structures scattered throughout the Pakistani city that were part of the latest plans to bring a modern transportation to Karachi, one of the…

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