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Consumer Confidence Index goes up: survey

The Overall Consumer Confidence Index of Pakistanis in the fourth quarter of the current year has gone up by three points compared to the same period last year. The survey, conducted by market research company Ipsos, shows that an upward trend can be seen in Pakistanis’ optimism about the country’s direction. Moreover, male members of the society, the middle-aged and rural dwellers are more opt

Crisis deepens as domestic consumers to get gas only at ‘meal times’

While Sindh, particularly Karachi, has been experiencing either hour-long gas loadshedding or low pressure for the past many weeks, the Sui Southern Gas Company (SSGC) on Monday officially announced that domestic consumers would get gas only for total eight hours in a day — morning, afternoon and evening — during “meal timing”. “As per the prime minister’s directives, SSGC is ensuring gas suppl

Agriculture, microfinance added to youth loan scheme

The government on Monday while renaming and introducing some changes to the Kamyab Jawan Programme — launched during the PTI government in 2019 — added a couple of new features to the initiative aimed at facilitating the youth to set up or expand their businesses. Categories of ‘agriculture’ and ‘microloans’ have been added to the ‘Prime Minister’s Kamyab Jawan Youth Entrepreneur Scheme (PMKJ-Y

Disgraced crypto tycoon Sam Bankman-Fried arrested in Bahamas

Disgraced cryptocurrency tycoon Sam Bankman-Fried was arrested Monday in the Bahamas at the request of the United States, according to US officials seeking to charge him after the spectacular collapse of his FTX platform. The arrest comes on the eve of Bankman-Fried’s scheduled appearance at a US Congress hearing in which he was to testify under oath about the crypto exchange’s overnight demise

Oil rises on US supply concerns, hopes for returning China demand

Oil prices rose for a second day on Tuesday as a key pipeline supplying the United States, the world’s biggest crude consumer, remained shut and on expectations loosening Covid restrictions in China, the second-biggest user globally, will boost demand. Brent crude futures rose 64 cents, or 0.8 per cent, to $78.63 per barrel by 0202 GMT, while US West Texas Intermediate (WTI) crude futures gaine