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policy

Pakistan’s economic direction

Ever since the PTI assumed power, it made five key promises to the nation. The most prominent was the eradication of poverty. The prime minister has on numerous occasions cited China as a role model and hinted at adopting its

Federal Cabinet unveils new visa policy for Afghanistan

ISLAMABAD: The federal cabinet has approved the new visa policy for Afghanistan to facilitate business and people-to-people contacts between the two countries. This comes at a time when Abdullah Abdullah, the Chair of the High Council for National Reconciliation in

Police brutality

In every society, police and law-enforcement agencies are a necessity to maintain law and order. However, we have often seen incidents when security forces use excessive force including physical and verbal harassment causing injury or even death. Just recently, we

SBP reduces interest rate by 100 bps to 7 percent

KARACHI: State Bank of Pakistan has reduced the key interest rate by 100 basis points to seven percent. The Monetary Policy Committee (MPC) of the central bank held a meeting on Wednesday and decided to reduce the policy rate based

Shopkeepers urged to implement ‘No mask, No service’ policy

ISLAMABAD: Planning Minister Asad Umar has urged shopkeepers to strictly implement ‘no mask, no service’ policy for customers to prevent the spread of coronavirus amid rising number of cases. The minister was chairing a meeting of National Command and Operation

ECC approves policy for local manufacturing of mobile phones

ISLAMABAD: The Economic Coordination Committee (ECC) of the federal cabinet on Thursday approved Mobile Device Manufacturing Policy to promote local manufacturing and assembly of mobile phone handsets. The policy was approved in a meeting of the ECC chaired by Adviser

SBP reduces interest rate by 100 bps to 8 percent

KARACHI: The State Bank on Pakistan on Friday announced the new monetary policy and reduced the key policy rate by 100 basis points to eight percent. The Monetary Policy Committee (MPC) said the decision was based on the inflation outlook

Monetary policy: SBP reduces interest rate by 150 bps to 11 pct

KARACHI: State Bank of Pakistan has reduced the interest rate by 150 basis points to eleven percent to offset the adverse economic impact of the novel coronavirus. This is the second decline in policy rate within the month showing a

Economy during coronavirus

The coronavirus had dealt a massive blow to Pakistan’s economy just when it was starting to gather pace. The stock market has plummeted in recent weeks and the economy is on the brink of a recession, while there is no

KSE 100 index sheds 2200 points over new policy rate

KARACHI: The downward trend continued at the Pakistan Stock Exchange (PSX) on Wednesday which shed over 2200 points due to the adverse effects of the coronavirus pandemic. The benchmark KSE 100 index dropped by 2200.88 points and closed at 30,416.05

Moody’s maintains stable outlook for Pakistan’s banking sector

ISLAMABAD: Global ratings agency Moody’s Investors Service stated that Pakistan’s banking system would have a stable outlook for the next 12-18 months due to robust funding and liquidity and close links with the sovereign underpin. “The sovereign credit profile has

Parental leave policy

The Senate has passed the Maternity and Paternity Leave Bill 2018 making it mandatory for employers to grant six months paid maternity leave and three months paid paternity leave. The bill was passed by a majority of votes even though

Child abuse policy

The horrific sexual assault of a ten-year-old minor by a seminary cleric in Mansehra is once again a reminder that child abuse is still prevalent in our society. Enough has been said about the sickening issue plaguing our society and

FO dismisses reports of change in visa policy for IoK residents

ISLAMABAD: The Foreign Office has rejected reports about changes in the Pakistan visa policy for the residents of Indian Occupied Jammu and Kashmir. “Media reports, which appeared in a section of media, about changes in Pakistani visa for residents of

NADRA introduces mobile units for disabled, elderly applicants

ISLAMABAD: The National Database and Registration Authority (NADRA) has introduced manpack mobile units for disabled and elderly applicants unable to visit a centre to apply for their computerised national identity cards. The disabled, paralyzed and elderly persons only have to

New alternative renewable energy policy draft approved

ISLAMABAD: Alternative Energy Development Board under the chairmanship of Federal Minister for Power Omar Ayub Khan has approved the draft Policy 2019. The 46th board meeting deliberated upon the draft policy that was prepared by AEDB in consultation with public