Tue, 21-Oct-2025

Budget appears to be balanced, which is beneficial In tough times

budget

President ICCI Muhammad Shakeel Munir said that the budget has taken some good steps which are commendable. A full reaction on the budget will be given after its detailed review. He said the introduction of the ADRC system was a welcome step for better resolution of tax disputes. The tax threshold for proprietors and AOPs … Read more

Headline inflation hit two-year high of 13% in January

inflation

KARACHI: The headline inflation based on Consumer Price Index (CPI) hit two-year high of 13 per cent in January 2022. The CPI inflation general increased by 13 per cent on year-on-year basis in January 2022, as compared to an increase of 12.3 per cent in the previous month and 5.7 per cent in January 2021, … Read more

Pakistan’s youth literacy stands at 72%: survey

Intermediate Students

ISLAMABAD: The country’s youth literacy remained at 72 per cent at the national level, proportionately higher in urban areas with 84 per cent than in rural areas with 65 per cent, according to the Pakistan Social and Living Standards Measurement Survey (PSLM 2019/20) conducted by the Pakistan Bureau of Statistics. The youth literacy is calculated … Read more

China-South Asian nations set up centre for poverty alleviation programmes

BEIJING: The China-South Asian Countries Poverty Alleviation and Cooperative Development Centre was officially set up at the South-West University of Chongqing, China to pool resources and exchange ideas for supporting the socioeconomic development and poverty alleviation programmes in the South Asian countries. The launching ceremony was attended by Wu Jianghao, assistant foreign minister of China, … Read more

Sindh energy minister condemns power outages

Duration of load shedding is likely to increase in some areas of Karachi

KARACHI: Despite generating 10,000MW, Sindh was facing severe electricity shortage with outages ranging from 15 hours to 18 hours/day in the rural areas of the province, a provincial government official said on Tuesday. In a statement, Sindh Energy Minister Imtiaz Ahmed said: “We are neither getting our share of electricity nor are we given our … Read more