(The first part of this article was published in Friday’s issue)when an economic crisis blasted up the Gulf in 2008, it quickly became clear that the Nahyans of Abu Dhabi and the Maktoums of Dubai were not speaking the same language...
There was a common belief that the Dubai World investment company – suddenly demanding a “standstill” from creditors with £40bn in debts – was guaranteed by Sheikh Khalifa’s government in Abu Dhabi
Old Walid Sadik was Abu Dhabi’s first “minister” of housing in 1968 and he remembers Sheikh Zayed bin Sultan al-Nahyan – whose son Khalifa now rules the emirate – living in a palace made of mud...
“Zayed’s brother, Sheikh Shakhbut, had been leader of Abu Dhabi but he was a stingy man, aggressive,” he recalls
“And these are made in Pakistan,” he says gesturing towards the proper shade of deep green flags, the biggest of which he is asking Rs1,200 for...
LAHORE: With the federal government hinting, and the Punjab most probably following, at wheat release price of Rs1,950 per 40kg, the flour price is set to increase by a staggering 22...
73 per cent – from the current official price of Rs860 per 20 kilo to Rs1,100...
HYDERABAD: President of Pakistan Dr Arif Alvi has said that price hike has become a global issue and prices of essential commodities increase with rise in prices of fuel and appreciation of dollar’s rate against rupee...
IT was an expanding industry all over the world and Pakistan had also witnessed a substantial increase in IT-related income, he said...
ISLAMABAD: The Asian Development Bank says that Pakistan’s economy has failed to achieve its growth potential in spite of benefiting from lower prices of oil which accounts for almost a third of its imports...
The ADB approved $1 billion for projects in Pakistan to improve transport and trade...
But even if Diamer-Bhasha reaches its funding goal, then what?The court summoned yesterday the CEOs of all bottled water companies to present data on the price of extracted water and the revenue they have made selling it...
We can question whether major bottlers are cartelised, and whether quality audits are functioning well, but let’s think here instead about what the price of water should be...
LONDON: Every World Cup failure for Pakistan sparks a wave of reviews and sackings and the promise of a fresh approach — until the team wins again and all is forgotten...
Pakistan won four straight matches to finish level on 11 points with New Zealand, but they bowed out of the tournament due to an inferior net run-rate...
The prime minister regretted that the electricity being produced by Pakistan was the costliest in the world, saying “unfortunately the contracts we have signed bind us to ensure capacity payment, and as a result our people have to pay the price of it...
Finance Minister Shaukat Tarin on Friday said petrol prices in Pakistan were cheaper than the rest of the region and the world, adding that only 16 countries had lower prices — all of them being oil producers themselves...
"The finance minister added that Pakistan had cheaper petrol prices than other regional countries as well, such as India and Bangladesh...
ISLAMABAD: Prime Minister Imran Khan on Sunday said Pakistan had fared much better than other countries in the wake of unprecedented price hike brought about by Covid-19...
”However, he said, “Pakistan Masha Allah has fared relatively better in meeting the challenge...
"Pakistan's entire federal government is run on Rs520 billion, our defence expenditure is Rs1,700 billion, the subsidy reached Rs250 billion...
He said it is not possible to sell fuel at a lower price than the buying price...
According to a recent liquefied natural gas (LNG) report (2020-21) published by the State Bank of Pakistan, Pakistan has a 15-year take-or-pay contract with Qatar as well as some private suppliers in Italy...
This contractual purchase makes up 87 per cent of Pakistan’s LNG imports while the remaining 13pc are spot purchases...
Minister for Railways and Aviation Khawaja Saad Rafique on Saturday announced a reduction in fares of Pakistan International Airlines (PIA) and Pakistan Railways (PR), following the recent cut in fuel prices...
The prime minister had said that as promised, he was passing on to the people each paisa of price reduction in the international markets and announced a Rs18...
According to the All Sindh Sarafa Jewellers Association (ASSJA), the price of the yellow metal in the international market jumped to $1,808 after an increase of $12...
Ideally, as per the dollar rate, gold rates in Pakistan should be Rs152,000 per tola,” Samiwala said, calling for strict action against “groups” controlling the rates...