The pharmaceutical industry in Pakistan has warned of an impending crisis due to a shortage of life-saving medicines as importers face heavy losses, caused by the volatile exchange rate between the Pakistani Rupee (PKR) and the US dollar. In a letter addressed to the Drugs Regulatory Authority of Pakistan (DRAP), the Pakistan Chemists and Druggists […]
With Ramadan just around the corner, the federal government of Pakistan has issued a notification outlining the timings for all government offices under its jurisdiction. These new timings will come into effect on 1 Ramadan, which is expected to begin on 23 March. According to the official notification released by the Cabinet Secretariat, government offices […]
Bank Alfalah, a major corporate donor for flood-affected communities, has teamed up with The Citizens Foundation (TCF) to finance the construction of a primary school in Asif Nagar, Nawabshah, Sindh. The project will cost PKR 49 million, and Bank Alfalah’s contribution towards rebuilding schools is especially significant given the widespread damage that has occurred to […]
In the midst of the ongoing economic crisis in Pakistan, the southern province of Sindh is facing a new crisis – an HIV epidemic among its children. According to government officials, the Human Immunodeficiency Virus (HIV) is spreading rapidly in four districts, with dozens of adults and children testing positive for HIV every week. The […]
The cost of petrol and high-speed diesel has increased in Pakistan, with petrol now costing Rs 111.90 per litre, a rise of Rs 2.13, while high-speed diesel remains unchanged at Rs 116.07 per litre. The government has attributed the surge in fuel prices to an increase in Platts Singapore prices and the depreciation of the […]
Naheed.pk, a well-known online shopping site in Pakistan, has recently fallen victim to a data breach, with the stolen information now appearing in LeakBase’s database. The hackers responsible for the breach claim to have accessed the data of up to 23,000 users, along with 108 order details, which includes sensitive information such as user ID, […]
A US bank has warned that Pakistan may have to stop its debt repayments if it is unable to secure funding from the International Monetary Fund (IMF). As Pakistan approaches a deal with the IMF to unlock a $1.1 billion loan from its $6.5 billion bailout package, the Bank of America has suggested that China […]
Pakistan is expected to fall short of its wheat production target by 1.7 million tonnes for the current fiscal year, as per a report by The News International. Wheat production is projected to remain at around 26.7 million tonnes, compared to the target of 28.4 million tonnes. The officials have cited the negative effects of […]
The percentage of Pakistani youngsters who want to leave the country has surged to a worrying 67 percent, according to Dr. Faheem Jehangir Khan, Senior Research Economist at Pakistan Institute of Development Economics (PIDE). Khan made the statement while speaking at the two-day EconFest festival, where he also emphasized the need to discuss issues faced […]
NEPRA has given the go-ahead for a rise in electricity tariffs for ex-Wapda Distribution Companies (Discos) for January 2023. The fuel charges adjustment (FCA) has been set at Rs. 0.477 per unit. This decision comes after the Central Power Purchasing Agency Guarantee Limited (CPPA-G) petitioned for a Rs. 1.17 per unit increase in the power […]