New Delhi, April 12 (IANS) Pakistan is facing renewed concerns over rising poverty levels, with fresh estimates by the Social Policy and Development Centre (SPDC) suggesting that the country’s poverty rate has climbed to 43.5 per cent, a report has said. This figure is significantly higher than the 28.9 per cent estimated by the Pakistan Bureau of Statistics (PBS) based on the Household Integrated Economic Survey 2024-25, as per the Business Recorder report.The divergence in estimates stems la…
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New Delhi, April 11 (IANS) As geopolitical tensions rise following Israel’s attack on Lebanon’s Hezbollah, Pakistan’s already fragile economy is facing added pressure, with rising fuel prices rippling across the broader economy, driving up the cost of essential goods and straining households, a report has said.According to a Business Recorder report, fuel price adjustments — typically driven by global crude oil trends, exchange rate movements and fiscal pressures — have had a more pronou…
Islamabad, April 9 (IANS) Tuberculosis (TB) remains one of the deadliest diseases in Pakistan as it claims tens of thousands of lives each year. More than 1,800 new cases of TB being reported daily and approximately 140 casualties each day demonstrate that Pakistan’s current response to the disease is inadequate, a report has stated. The figures released on World Tuberculosis Day by the World Health Organisation (WHO) should be considered a wake-up call for Pakistan. The scale of the crisis is a…
New Delhi, April 7 (IANS) Pakistan’s fiscal challenges are deepening as the country struggles to meet its tax collection targets, with the Federal Board of Revenue (FBR) falling significantly short in the current financial year, a report has said. The shortfall reflects the broader economic slowdown in Pakistan, worsened by trade disruptions linked to ongoing conflict in the Middle East, according to Business Recorder report.Pakistan’s tax collection gap has widened sharply, with the Federal…
New Delhi, April 6 (IANS) A major controversy is raging in Pakistan over the distribution of water among provinces, with the southern province of Sindh crying foul ahead of a crucial meeting of Pakistan’s water regulator for the allocation during the kharif season, local media reports said.Pakistan’s water regulator is heading for the meeting without fulfilling its own legal composition requirements, raising immediate questions about the credibility of decisions that will affect millions of …
New Delhi, April 6 (IANS) Pakistan’s decision to raise petrol prices to Rs 458.40 per litre, with a petroleum levy of Rs 161 per litre, risks “a structural shock on an already fragile economy,” a new report has said.The report from Business Recorder said that the hike necessary under the constraints of the IMF programme will pass through supply chains, inflating input costs, compressing margins, and ultimately dampening output.The hike also aims to mobilise revenue after the administration mis…
New Delhi, April 2 (IANS) Pakistan Prime Minister Shehbaz Sharif’s warning on World Water Day that the country faces worsening water scarcity reflects a problem that has moved beyond seasonal stress into a long-term threat to economic stability and national security, according to an article in the Karachi-based Business Recorder.The drivers of this crisis are well understood. Climate change is altering glacial patterns, disrupting river flows and increasing uncertainty around water availabilit…
New Delhi, April 1 (IANS) Pakistan’s economy bears significantly greater risks associated with the ongoing Middle East crisis, as the impact on the general public is considerably higher than on those nations which do not have to meet strict IMF conditions due to loans taken from the multilateral institution, according to an article in the local media.During the past three decades, Pakistan has been administered by the military and civilian governments represented by all three major national pa…
Islamabad, March 31 (IANS) The videos circulating on social media showing Pakistani police personnel using brute force against the Maachhi community — a traditional fishing group — in the Sindh province have raised grave concerns. The footage showed male and female police officials storming the fragile shanty shelters of the impoverished Maachhi community in the Umerkot region of Sindh, “dragging innocent, helpless, fast-observing women and young girls, tearing at their clothes, and huddling t…
New Delhi, March 29 (IANS) A recent train accident in Pakistan involving the Shalimar Express has raised serious concerns about railway safety and accountability, with questions emerging over whether deeper systemic issues are being overlooked.An internal inspection conducted at Sukkur found that nearly 60 per cent of the train’s coaches had major defects, according to Business Recorder report.Out of 18 coaches, 10 were reported to have serious technical issues, including nine with non-functio…