News

No room for any missteps

The deportation drive is in full swing. Thousands of Afghan nationals staying “illegally” in Pakistan are being deported on a daily basis. More than 140,000 have already returned to their homeland voluntarily. Sporadic bloody fight against remnants of the separatist elements in Baluchistan is ongoing. People are growing sceptical about the will of the Election Commission of Pakistan and the car

Corporate window: An economy of paradoxes

Eagerly yearning for stability, businesses in Pakistan seem to be somewhat disengaged from political parties’ manifesto-crafting processes. Part of the reason might be that they anticipate that no single party will secure more than 30 per cent votes and envisage the formation of a coalition government following the current interim administration. “While it may sound somewhat cynical, the sta

It doesn’t take a genius to fix the economy

In the late 17th century, Swiss mathematician Johann Bernoulli presented a formidable challenge to his contemporaries: solve the intricate brachistochrone problem within six months. Due to its complexity, none were able to solve it within the given time frame. At the request of esteemed figures, including the German polymath Gottfried Leibniz, Bernoulli extended the deadline to eighteen months.

The changing global oil equation

Despite the ongoing ‘war’ — if one is ready to call it a ‘war’ and not a genocide — in the Middle East, oil prices have largely remained unaffected. Last Friday, as the week approached its end, oil prices settled more than two per cent lower, with Brent crude futures down $1.92 or 2.3pc to $84.89 a barrel. West Texas Intermediate crude futures also fell $1.95, or 2.4pc to $80.51 a barrel. On a

The losses continue

Those who bought tickets from Pakistan International Airlines recently rued the day as hundreds of flights have been cancelled recently. This is unsurprising, given that the country’s state-owned enterprises (SOE) are in shambles. The worst in South Asia, according to the World Bank, the SOEs burden a country that had to scramble to stay afloat. SOE revenues are akin to a man trying to fill a b