In today’s dynamic global economy, research and development (R&D) serve as a pivotal driver of progress, nurturing the birth of innovative products, state-of-the-art technologies, and revolutionary methods to connect with clients to enhance market share and profit margins. Nevertheless, amidst its unquestionable importance, a worrisome trend has surfaced within Pakistan’s business realm — a hes
In an opinion piece dated September 11 carried in the Financial Times, Fatih Birol, the executive director of the IEA, said the world was heading towards the end of the fossil fuel era. “The age of seemingly relentless growth for fossil fuel demand is at the beginning of the end,” Mr Birol, the guru of the energy world, underlined. “This is the first time that a peak in demand is visible for
In a recent Dawn article, the authors — a former governor of the State Bank of Pakistan (SBP), chairman of Habib Bank Limited and president of Bank of Punjab — have discussed in detail a serious problem of Pakistan’s economy: unsustainably high level of currency in circulation (CIC). Apart from unleashing other miseries in the economy and society, consistent buildup in CIC keeps fueling inflati
Opec heavyweights said on Sunday oil and gas should not be stigmatised in the climate debate and that the industry had a role to play in an orderly energy transition. Energy ministers from Saudi Arabia, the United Arab Emirates and Iraq, the three largest members of the Opec, have gathered in the Saudi capital Riyadh for the UN MENA climate week. “The three of us here as major hydrocarbon pr
ISLAMABAD: The World Bank has raised concerns over Pakistan’s approach to privatising its state-owned entities (SOEs) and highlighted the adverse impacts of judicial activism, political nuisance, sale of K-Electric and what it called the botched Sarmaya-i-Pakistan model. The financial institution cautioned the government of looming litigation in divestments to foreign states under government-to