New Delhi, April 2 (IANS) Pakistan’s provincial governments have agreed to share the financial burden of a fuel subsidy announced by Prime Minister Shehbaz Sharif, as the country grapples with rising global oil prices triggered by the ongoing conflict in the Middle East, a report has said.The decision comes at a time when international petroleum prices have surged due to supply disruptions, with the conflict now entering its fifth week, according to a report by Business Recorder.While it remai…
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New Delhi, April 1 (IANS) Congress National President Mallikarjun Kharge on Wednesday launched a sharp attack on the Centre over the “rising prices of essential commodities”, including LPG, air travel, and medicines, accusing the government of economic mismanagement.In a post on X, Kharge said, “The Modi government has completely dismantled the country’s strategic and economic policies — a direct consequence of which is now being borne by 1.4 billion Indians.”Referring to recent price revisions…
Washington, March 28 (IANS) US President Donald Trump said he plans to visit China soon, highlighting his strong personal relationship with President Xi Jinping while emphasising that the United States continues to compete with Beijing on trade and economic policy.Speaking at the Future Investment Initiative summit in Miami, Trump said he maintains a close relationship with Xi. “I get along really well with him,” he said, citing cooperation on issues including a deal involving TikTok.Trump s…
Islamabad, March 27 (IANS) Pakistani military establishment, under the leadership of Asim Munir, has abandoned the facade of economic recovery and opted for a “strategic psychosis”. As ordinary Pakistani citizens struggle with record-breaking inflation and a collapsing power grid, the ‘Men in Olive Green’ are diverting the nation’s dwindling resources towards Intercontinental Ballistic Missile (ICBM) development and reconstruction of their proxy terror networks, a recent report has highlighted. …
New Delhi, March 27 (IANS) India’s automobile sector growth is likely to moderate in FY27 after a strong, policy‑led expansion in FY26, with demand having benefited from GST cuts, improved affordability and resilient economic activity, a report said on Friday.The report from ICRA said GST changes primarily drove the demand, by improving affordability in two‑wheelers and enhancing fleet economics in commercial vehicles.The commercial vehicle segment led the upcycle aided by GST rate cuts, h…
Shimla, March 26 (IANS) Himachal Pradesh Bharatiya Janata Party (BJP) MP and former Union Minister Anurag Thakur, on Thursday, launched a sharp attack on the Congress government in the state, saying that the party, which came to power in 2022 on the basis of tall poll promises and “10 guarantees”, has completely failed to deliver even a single commitment. The BJP leader said that the Congress government has instead continuously burdened the people with rising taxes and inflation.He added that th…
New Delhi, March 25 (IANS) Experts have warned that Pakistan’s economy remains highly vulnerable to global shocks due to its heavy reliance on imported fuel, weak external finances, and limited fiscal space, cautioning that the situation could worsen without urgent structural reforms.However, they said that the government’s decision to sharply raise the petroleum levy on high-octane fuel is being seen as a move with some fiscal logic, as it targets a product largely used by luxury and high-p…
New Delhi, March 24 (IANS) The Asian Development Bank’s $10 billion credit to Pakistan till 2030 signalled continued multilateral confidence, but underscores the country’s heavy reliance on external support and the urgent need for structural reforms to solve institutional challenges, as per a media report.The editorial from Dawn highlighted that capital inflows alone cannot fix “institutional challenges.””The focus on integrated solutions by combining policy reforms with financing and technica…
New Delhi, March 24 (IANS) In the wake of Leader of Opposition in Lok Sabha Rahul Gandhi’s “compromised” remark, Samajwadi Party (SP) President Akhilesh Yadav on Tuesday also criticised the Central government’s foreign policy, amid the ongoing conflict in West Asia, saying that it is “being guided by the White House”.”The country’s foreign policy is no longer serving India’s interests but is being guided by signals from the White House,” Akhilesh Yadav said in a post on X.”A compromised Prim…
New Delhi, March 22 (IANS) The West Asia conflict is an evolving situation, and all efforts must be made to safeguard the citizens from the impact of this conflict, Prime Minister Narendra Modi said on Sunday, instructing that all arms of government should work together to ensure the least inconvenience to the citizens. PM Modi chaired a meeting of the Cabinet Committee on Security (CCS) to review the situation and ongoing and proposed mitigating measures in the context of the ongoing West Asia …