New Delhi, May 7 (IANS) Pakistan could face an economic shock of up to $68 billion if the conflict in the Middle East persists and the Strait of Hormuz remains closed for an extended period, according to a presentation by the Policy Research Institute of Market Economy (PRIME) to the National Assembly Standing Committee on Finance.The report cited by Business Recorder outlined three possible scenarios to assess the economic fallout of the war on Pakistan.In the first scenario, where hostilities …
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New Delhi, April 28 (IANS) In fresh trouble for financially-starving Pakistan, the International Monetary Fund (IMF) has added 11 new conditions to the ongoing $7 billion Extended Fund Facility (EFF) programme, according to a new report.A report in Business Recorder says that one condition is the enactment of an amendment to the Special Economic Zones (SEZ) Act and the Special Technology Zones Authority Act to phase out existing fiscal incentives and shift from profit-based to cost-based incenti…
Islamabad, April 27 (IANS) The murder of a 19-year-old woman in Khairpur village of Pakistan’s Sindh province is not an isolated tragedy but part of a broader pattern of injustice requiring collective outrage and action. The incident reflects a society that continues to tolerate brutality under the guise of family “honour”, a report said on Monday.“The vile custom of ‘karo-kari’, still prevalent in parts of rural Sindh, has claimed countless lives—mostly women—reducing them to expend…
Islamabad, April 25 (IANS) The Human Rights Council (HRC) of Pakistan on Saturday strongly condemned the recent increase in petroleum product prices in the country, terming it as an “economic suicide attack” on the public. The remarks came after the Pakistani government announced an increase of Pakistani Rs 26.77 in the prices of petrol and high-speed diesel (HSD) by Rs 26.77 for the next week. The revised rates took effect from Saturday, according to a notification from the Ministry of Energy (…
New Delhi, April 25 (IANS) Pakistan may not be a direct participant in the ongoing tensions in the Middle East, but its weak economic structure makes it highly vulnerable to global shocks arising from this conflict, according to a new report.The report by Business Recorder showed that while geopolitical conflicts initially send tremors through global financial markets, their deeper and more lasting impact is often felt domestically, especially in economies like Pakistan that are heavily exposed …
Islamabad, April 21 (IANS) The revelations in the British broadcaster BBC’s investigative documentary ‘Who gave our children HIV?’ showcase systemic negligence in public healthcare system of Pakistan. The findings of BBC Eye Investigations reveal a pattern of reckless malpractice at the Tehsil Headquarters Hospital (THQ) in Taunsa city of Pakistan’s Punjab province that is more than an individual error, a report has detailed. “What emerges is a picture of institutional failure in which the most …
Islamabad, April 15 (IANS) A new investigative documentary has revealed “serious malpractice” in the children’s ward of a government hospital in Pakistan’s Punjab province. In 2025, Tehsil Headquarters Hospital (THQ) in Taunsa was connected to an outbreak of HIV among children. At the time, Punjab province authorities had announced that a crackdown will be initiated and suspended the Medical Superintendent of THQ in March of that year. However, a few months later, secret filming by ‘BBC Eye Inve…
New Delhi, April 14 (IANS) Over 80 per cent of Balochistan’s population lack access to primary healthcare, according to its provincial health secretary, and budget shortfalls are central to this problem, a new report has said.The province’s most basic public services being “fundamentally broken,” with human resource shortages and the province’s low education profile, an editorial in Business Recorder said.Shortfall in budget allocation to this province is central but not the sole cause…
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…
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…