On Tuesday, President Asif Ali Zardari asked leading businessmen and industrialists to work with the government to find a permanent solution to nationwide power shortages. He asked private sector entrepreneurs to brainstorm ‘out-of-box’ solutions to the ongoing power crisis, admitting that...

The Oil and Gas Regulatory Authority raised the prices of petroleum products on Thursday following a presidential ordinance. The hike came a day after the Supreme Court suspended a government-imposed carbon surcharge in an effort to keep the price of petroleum products low.  The price hike means that...

According to a senior official in the finance ministry, Pakistan’s inflation rate could be higher than indicated by government figures. Inflation is measured on the basis of consumption patterns, which are surveyed every five years. However, the government has delayed for at least one year a revision...

A 2.89-trillion-rupee budget for the 2009-2010 fiscal year has been announced, bringing with it a projected deficit of a whopping five per cent of GDP. The government has promised much: reforming the existing tax structure to make it more equitable, moving towards taxing the agricultural sector and improving...