Federal Minister for Energy (Power Division) Sardar Awais Ahmed Khan Leghari on Thursday virtually addressed the Shanghai Cooperation Organisation (SCO) Energy Ministers Conference, where he outlined Pakistan's vision for a clean, secure, and collaborative energy future. Speaking under the theme "Integrate Innovation for Energy Future," Leghari stressed the urgent need for regional cooperation,
With Pakistan's mortgage-to-GDP ratio abysmally low — below 1% — owing to the absence of a proper mortgage system, the federal government intends to launch a new subsidised housing finance scheme in the upcoming fiscal year. The initiative aims to spur demand in the real estate and construction sectors while making homeownership more accessible to middle- and lower-income groups. However, the sche
The Pakistan Stock Exchange (PSX) reversed its upward trajectory on Thursday after two days of gains, as investors opted for profit-taking at elevated levels, dragging the benchmark index into the red. Ali Najib, Deputy Head of Trading at Arif Habib Ltd, said the KSE-100 Index had surged nearly 6,594 points, or 5.7pc, in the previous two sessions following the Iran-Israel ceasefire. “Today’s
The Pakistan Peoples Party (PPP) on Wednesday voiced strong reservations over a set of politically unpopular provisions in the federal budget for the next fiscal year, urging the government to amend contentious clauses ahead of its expected approval in the National Assembly today (Thursday). Former finance minister and PPP MNA Naveed Qamar, who currently chairs the National Assembly Standing Co
Global public debt rose to $102 trillion in 2024, with developing countries accounting for nearly one-third — $31tr — of that total, according to a new report by the United Nations Conference on Trade and Development (UNCTAD). These economies paid a record $921bn in interest payments, severely straining public finances and threatening essential public services. In its latest World of Debt repor