Tag Archives: PTI government

Pakistan’s fiscal deficit crossed 2.7 per cent of gross domestic product (GDP)

Fiscal health deteriorating sharply, half-year data shows Pakistan’s fiscal deficit crossed 2.7 per cent of gross domestic product (GDP) in the first half of this fiscal year – the highest in eight years – despite government’s claims to have put the house in order with greater fiscal discipline and austerity. Almost all the major fiscal indicators – both on expenditure …

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PIA get second bailout package

PIA get second bailout package

The Pakistan Tehreek-e-Insaf (PTI) government on Tuesday approved its second bailout package in four months for the Pakistan International Airlines (PIA) to keep the national flag carrier in the skies, as it remains unable to put in place a viable revival plan. The Economic Coordination Committee (ECC) of the Cabinet approved Rs5.6 billion for the PIA and left a decision …

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Why 18th Amendment is needed

The importance of the 18th Amendment The constitution of Pakistan, as amended over the years, is now a federalist document that prescribes devolution of such powers and responsibilities to the provinces that can be reasonably and effectively undertaken at the provincial level. The functions that provinces cannot effectively perform – for instance, creation of money, conduct of foreign policy, maintenance …

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Government faces “united” opposition

Opposition parties close ranks against govt Opposition parties in the National Assembly on Tuesday agreed to close ranks against the Pakistan Tehreek-e-Insaf (PTI) government on crucial matters and formed a special committee to evolve joint strategies on important national issues. The decision was taken in a meeting convened by Opposition Leader Shahbaz Sharif in his chamber at the Parliament House. …

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Khan’s 100 days and beyond

The T100 The best news since the PTI government took charge is its decision to finally initiate legal proceedings against Khadim Hussain Rizvi The Kaptaan’s first 100 (plus some) days have left even his most die-hard followers a bit red-faced, reduced to parroting the familiar refrain, “So would you rather have Nawaz? Or Zardari?” as an excuse. Not that any …

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Widening budget deficit does not look good for PTI

Budget deficit widens to Rs541.7b amid lax spending control The budget deficit in first quarter of the current fiscal year widened to Rs541.7 billion in the wake of loose control over debt and defence spending, suggesting things may get out of the control of Pakistan Tehreek-e-Insaf (PTI) government. The Rs541.7-billion deficit was equal to 1.4% of the gross domestic product …

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Pakistan’s challenges, hopes and actions

Economy blues And the beleaguered media Prime Minister Imran Khan is perhaps making a somewhat desperate last minute attempt to escape the gauntlet of the IMF (International Monetary Fund). In his interaction with media owners the other day, discussion was mainly focused on problems faced by the print and electronic media. However he suddenly sprung a surprise by bowling a …

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PTI govt seeks investments not loans

PTI govt seeks investments not loans

Federal Minister for Information and Broadcasting Fawad Chaudhry on Tuesday said Pakistan Tehreek e Insaf’s (PTI) government was not interested in taking loans but keen to attract investment. Saudi Arabia was the first country which was taking interest in energy and petroleum sectors with huge investment, he stated while talking to a private news channel. “We wish that Saudi Arabia should …

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