It is noteworthy that the entire business community in Pakistan currently refrains from endorsing the idea of extending the caretakers’ tenure despite its recognition of the improved economic governance under Prime Minister Anwaarul Haq Kakar. The business community unanimously advocates for timely elections and a peaceful transfer of power to the next democratically elected government, emphasi
STUCK in a protracted cycle of stagflation, Pakistan’s economy faces numerous challenges. Some of these pertain to long-standing structural issues such as low tax revenue, a large energy-sector debt, the massive losses of SOEs and low exports. Others are of a more immediate nature and relate to a weakened balance-of-payments position amid few foreign, private and commercial inflows; they persis
Trading in the shares of Treet Battery Ltd will begin on Friday (today) after the bifurcation of the battery division of First Treet Manufacturing Modaraba (FTMM) through a court-sanctioned scheme of arrangement. According to the swap ratio in the scheme, certificate holders of FTMM have been allotted 0.99 shares of Treet Battery Ltd against each certificate that they held in the Modaraba. T
The US Federal Reserve was left in a camp of its own on Thursday when a host of Europe’s central banks stuck to plans to keep policy tight well into next year, dashing any hope that the Fed’s pivot towards rate cuts marked a global turning point. Extending the hawkish stance that has dominated global central banking through two years of excessive inflation, the European Central Bank said policy
Oil prices rose more than three per cent on Thursday, extending the previous session’s gains, boosted by a weaker dollar and as the International Energy Agency (IEA) lifted its oil demand forecast for next year. Brent futures were up $2.64, or 3.6pc, to $76.90 a barrel at 11:30 a.m. EST (1630 GMT). US West Texas Intermediate (WTI) crude climbed $2.53, or 3.6pc, to $72.00. The market has turn