AS indigenous reserves of gas continue to deplete, the reliance on imported LNG will grow. Due to the commodity supercycle triggered by the ongoing strategic conflict, Pakistan has been unable to import the expected quantities, with the situation exacerbated due to the dearth of the availability of the foreign exchange. However, it is evident that as soon as the LNG prices return to their long-
While many today view cryptocurrencies such as Bitcoin primarily as a financial asset suitable for speculation, it is crucial to clarify that cryptocurrency transcends being merely a technological innovation or a financial asset. It embodies a socio-political movement rooted in the ideology of cryptography and safeguards against state overreach. The start of this movement can be traced back sev
The Federal Investigation Agency (FIA) has finally registered an FIR against two Pakistani businessmen on charges of defrauding a Chinese investor. The FIR No 33/2023, registered by the FIA’s Commercial Banks Circle, follows an inquiry into the complaint lodged by Zhi Cheng Li. The FIR carries Sections 409, 420, 468, 471 and 109 of PPC. Mr Zhi, who claims falling victim to deception by his P
Pakistan was the top borrower of the International Development Association (IDA) in fiscal year 2023, securing $2.3 billion in funding, the World Bank said in its annual report. The bank helped Pakistan respond to devastating floods with nearly $1.7bn for five projects in the worst-affected Sindh province to build resilient housing, restore crop production, provide health services for mothers a
The Pakis-tan Stock Exchange (PSX) exhibited on Wednesday a sideways trading pattern for the third consecutive day before closing the session on a slightly higher note. Topline Securities said investors kept waiting for a clear market direction owing to the absence of any significant catalysts. According to Arif Habib Ltd, the KSE-100 index recorded marginal gains, further cementing its posi