Stocks crash, hit 30-month low
KARACHI: Pakistan’s stock market crashed by 3.47% or 1,379 points, hitting a 30-month low to close at 38,342 points on Tuesday. The rising political temperature coupled with an economic meltdown,…
DISCOs’ power tariff raised by Rs4.46 per unit
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved increase in tariff up to Rs4.46 per unit on account of quarterly adjustment for the first quarter of financial year…
Pak launch hosting UnConference’23
KARACHI: A single WhatsApp group named Paklaunch, founded by Aly Fahd in Silicon Valley on April 29, 2020 to explore investment opportunities in Pakistani startups and to mentor Pakistani founders,…
CCP asks for strict enforcement of laws
KARACHI: Complete implementation of the competition laws will reduce the price of essential items by 25 to 30%, end the price cartel operating in different sectors and convert Pakistan’s economy…
Salt industry demands swift release of cargo
KARACHI: Traders and stakeholders of the salt industry have drawn government’s attention towards the imported potassium iodate cargo held at Karachi Port for the past 15 days, resulting in significant…
Pakistan eyes higher exports to China in 2023
BEIJING: “As China relaxes its Covid-19-related restrictions, I think a major turnaround will happen for Pakistani producers. I hope that Pakistani producers, exporters, and manufacturers will come here and explore…
Dear stakeholders, don’t push economy off the cliff
KARACHI: Even from Pakistan’s standard, the outgoing year was a nightmare. Marred with domestic political uncertainty – compounded by a spike in energy prices and global interest rates hike –…
Tasks for interim finance minister
ISLAMABAD: We will have an interim government fairly soon and it would not be an easy time for that set-up due to political temperature, and more importantly due to the…
Diversification of exports is key for Pakistan
KARACHI: Pakistan’s foreign exchange reserves are in dire straits. As of January 6, 2023, the State Bank of Pakistan (SBP) reported having a mere $4.3 billion on hand, barely enough…
Pledges feel too good to be true
ISLAMABAD: The word ‘pledge’ appears in the news far too often, albeit accompanied by ‘unfulfilled’ or ‘failed.’