Tomato, onion and flour rates surge

KARACHI: After paying higher prices for sacrificial animals to fulfil a religious obligation, consumers now face another challenge in finding extra cash to buy high-demand vegetables and flour ahead of Eidul Azha.

Retailers have increased the price of onions by Rs20 per kg as demand usually rises for its extensive use in preparing Eid-related meat dishes.

Consumers are paying Rs100 per kg for…

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Fuel levy yields lowest fiscal deficit in nearly three decades

• Gap shrinks to Rs856bn, or 0.7pc of GDP, during July-March
• Provincial surpluses, higher PDL collections, lower debt servicing drive improvement
• Revenue-to-GDP ratio falls; defence, pension, subsidy expenditures rise

ISLAMABAD: Supported by higher-than-targeted provincial contributions, strong petroleum levy collections and lower interest payments during the first three quarters of the…

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PM Shehbaz bans use of high-octane fuel in govt vehicles

ISLAMABAD: In another step towards tightening austerity measures, Prime Minister Shehbaz Sharif on Monday imposed a complete ban on the use of high-octane fuel in government vehicles, shortly after the announcement of a Rs200 increase in the levy on high-octane fuel.

The decision comes amid government efforts to manage the economic impact of rising global oil prices following the US-Israel war…

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Controversial Iranian scientist selected for ‘Nobel prize of water’

ISLAMABAD: A controversial Iranian political figure and exiled architect of the ‘water bankruptcy’, Kaveh Madani, has been selected for ‘Stockholm Water Prize’ amid the ongoing US-Israel war on Iran for transforming his groundbreaking research into global policy, diplomacy and outreach under extreme personal risk and political complexity.

In a special ceremony held at the Unesco headquarters in…

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Pakistan Railways increases fares following fuel price hike

Pakistan Railways on Saturday increased the fares of economy class and air-conditioned class tickets by five per cent and 10pc respectively, following the hike in petrol and diesel prices.

According to a statement by the Pakistan Railways spokesperson, the fares of cargo trains have also increased by 20pc

The new prices will take effect from Monday, March 9. However, the fare increase will not…

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