Islamabad, Jan 23 (IANS) Only one out of more than 160 high rise buildings in Rawalpindi district of Pakistan’s Punjab province meets the criteria of fire safety regulations set by the government, local media has reported. After the fire incident in Karachi’s Gul Plaza mall which has so far claimed 71 lives, Punjab Chief Minister Maryam Nawaz ordered a survey and installation of fire hydrants in high rise buildings. All sensitive areas have been marked, re-analysed and relevant authorities have …
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New Delhi, Jan 22 (IANS) Pakistan’s power sector is facing a deep crisis with consumers being made to pay huge electricity bills amidst frequent outages, with reports emanating from the Pakistan media attributing the mess to misgovernance, corruption, underinvestment, and an unpredictable policy.”Pakistan’s electricity sector is structurally broken. Nepra’s latest review of the national transmission system reads like an indictment of prolonged neglect. One of the largest transmission networks …
New Delhi, Jan 15 (IANS) Poor governance and mismanagement due to political interference are leading to huge losses in Pakistan’s state-owned enterprises, after which they are put up for distress sale at throwaway prices, a Pakistani media report said.An article in Pakistan’s Express Tribune points out that instead of reforming governance early, successive governments postpone difficult decisions. State-owned enterprises are routinely retained despite declining performance, political interfe…
New Delhi, Jan 14 (IANS) A lack of sustained growth has left real incomes falling which led to a ‘failing Pakistan’ despite signs of macroeconomic stabilisation and reform, a report said on Wednesday. The Express Tribune said in a report citing Household Integrated Economic Survey (HIES) data that the improved headline indicators alongside deteriorating social outcomes suggest a stark contrast.Real GDP growth averaged just 2.47 per cent across recent years barely in line with population growth…
New Delhi, Jan 5 (IANS) Pakistan’s official figures citing 3.7 per cent economic growth in Q1 FY26 is likely an accounting illusion on paper rather than real increases in production or exports, a report has said.A report from Express Tribune cited the think tank Economic Policy and Business Development’s (EPBD) view that the growth approved by the National Accounts Committee (NAC) reflects “methodological artefacts, deflator manipulation and import-led assembly activity,” instead of real gains i…