News

PSX extends recovery drive despite flood warnings

Despite wa­­r­nings of super floods in Sindh following devastating monsoon rains in Pun­jab and Khyber Pakh­tun­khwa — bringing the rural economy to a halt, disrupting supply chains, and triggering a spike in perishable prices — the Pakistan Stock Exchange (PSX) extended its recovery for a second consecutive session on Monday. The market defied macroeconomic pressures as investors engaged in se

Heads of state at Tianjin — let the talks begin

The Shanghai Cooperation Organisation (SCO) heads of state summit underway in the northern Chinese city of Tianjin (Aug 31–Sept 1) showcases the group’s ambition to anchor what analysts describe as an ‘alternative model’ of multilateral cooperation within the rules-based World Trade Organisation (WTO) framework at a time of heightened global economic and geopolitical uncertainty. The bloc has s

Blueprint for regenerative urbanism

Karachi’s population has crossed 20 million people, indicating the economic promise and perilous byproducts of the ambition to cash it. However, in these trials of the city’s resilience lies the immense potential for Karachi to become a model of regenerative urbanism. Regenerative infrastructure design Metropolitan cities must actively regenerate ecosystems disturbed through infrastructure d

Dollarised returns for oil transport approved

Despite strong reservations from the ministries of finance and power, the government has approved a dollar-based guaranteed return on the transportation of petroleum products through the 477-kilometre Machike-Thallian-Tarujabba White Oil Pipeline, estimated to cost $300 million. The project will be executed on a government-to-government basis by a joint venture comprising Azerbaijan’s state-own

Flour prices climb as supply concerns mount

Wheat and flour prices have surged sharply in Karachi’s wholesale market, raising fresh concerns about food inflation and market supply, despite government assurances of sufficient national stocks. Wholesale wheat now sells for Rs90 per kg, up from Rs72 in mid-August and Rs62 in July. This increase has pushed the price of flour no. 2.5 to Rs97 per kg and fine flour to Rs103, compared with Rs81