Climate-induced calamities are one of the biggest driving forces behind the move towards alternative sources of energy. For a developing country like Pakistan, costs associated with climate change can be unbearable. The recent floods that swept through the country inflicted more destruction than was ever imagined. They also contributed significantly to the economic downfall with the estimated c
Agricultural activities have gained some momentum as fertiliser offtake rose by 63% month-on-month to 994,459 tons in November 2022. “Wheat crop has reached a stage where its fertiliser needs have gone up,” Aamer Hayat Bhandara, Co-founder of Agriculture Republic, told The Express Tribune. “Farmers have learnt a lesson from the previous year when urea not only got costlier, but also disappea
Agriculture, the backbone of Pakistan’s rural economy, has been hit hard in 2022, especially due to the impact of the devastating floods. The other reasons remain the same: incompetence, bad governance and the spectre of ever-increasing inflation.The effect of these factors has raised alarm bells when it comes to predicting the state of the agriculture sector and feeding the people of Pakistan
Stock prices dropped on Wednesday as investors resorted to redemptions on economic uncertainty. Arif Habib Ltd said bearish sentiments gripped the bourse soon after trading began. The slide continued throughout the day, thanks to the rollover week in which futures contracts are either settled or rolled over to the next month. Decent volumes were observed across the board while third-tier compan
Shares at the Pakistan Stock Exchange (PSX) fell sharply for a second day on Wednesday, with analysts citing delays in the completion of the International Monetary Fund’s (IMF) ninth review, the foreign exchange crisis and exchange rate instability. The benchmark KSE-100 index lost 523.48 points, or 1.32 per cent, to close at 39,279.43 points. It reached an intraday low of 775.4 points, or 1.95