Pakistan’s Rs38.8 trillion domestic and Rs24.1 trillion external debt mountain is a “boiling frog” phenomenon for the economy as higher deficits and ballooning debt servicing costs are unsustainable. A boiling frog situation is one in which people fail to act on a potential problem that grows over time, causing it to become more severe until it eventually bubbles over. A frog thrown in boili
The Covid-19 pandemic is almost gone, but it is still haunting the US real estate sector and its banking system. Large office buildings, vacated right after the outbreak of the deadly virus, are still empty as the work-from-home model has been increasingly adopted, causing hefty losses to owners of high rises and making it impossible for them to repay bank financing. In another crisis, the erup
K-Electric and Hub Power Company Ltd have recently signed a memorandum of understanding (MoU) to explore the opportunity for off-take of affordable electricity following the conversion of the Hub plant to local Thar coal. This is in line with KE’s long-term strategy to induct power generation from indigenous sources into its energy mix. The company is exploring the viability of Thar coal-based
The mobile manufacturers have expressed confidence that the new government will streamline a key loophole in the taxation system to promote the local assembly of mobile phone accessories in the country. They have pointed out that this lacuna currently permits the import of finished products at zero rates while imposing heavy taxes on raw materials. The Pakistan Mobile Phone Manufacturers Ass
The terms on conditions related to the loan pledged by Beijing for the Pakistan Railways’ flagship project — Main Line-1 (ML-1) — will be finalised by the upcoming government with the Chinese authorities. “Everything, except finalisation of the terms and conditions related to financing/loan by the government, has been completed, as no issue about the project exists at the moment on the part of