Pakistan is suffering from a pandemic of irrationality among its ruling elite. This irrationality has manifested itself in the form of public policies that have continuously failed in advancing the state of the country’s 230 million citizens. In fact, the determination with which these policies are adopted time and again, with the expectation that they will yield different results, has meant th
Oil prices were little changed on Wednesday as a larger-than-expected draw in United States crude stocks offset worries about rising Covid-19 cases in top oil importer China. Brent crude futures rose seven cents, or 0.1 per cent, to $80.06 per barrel by 0404 GMT, while US West Texas Intermediate (WTI) crude futures gained four cents, or 0.1pc, to $76.27. US crude inventories fell by about 3.
Displeased at the continued absence of the power minister and K-Electric’s chief executive from its meetings, a Senate panel on Tuesday sought a complete record of the original privatisation and subsequent changes to the shareholding structure of Karachi’s power utility and vowed to hold its management answerable to the city’s people. The committee, led by Senator Saifullah Abro, also unanimous
TPL Properties Ltd said on Tuesday it has come close to concluding a deal to acquire a mobile infrastructure company. The parent entity of a large telecom tower operator has “conditionally accepted” the offer that a consortium led by its subsidiary TPL REIT Management Company has made for the purchase of 10,500-plus cellular sites in Pakistan. Even though the official announcement didn’t men
Engineering firm Ados Pakistan Ltd is going to delist from the Pakistan Stock Exchange (PSX) on Jan 9 after the bourse accepted its request on Thursday for going private. Engaged in the supply of oil and gas field–related equipment, Ados grappled with “serious concerns” about its ability to continue its regular operations following low sales and “structural changes” in the energy exploration an