News

The ongoing internet folly

Better internet access has opened doors to new possibilities for Pakistan’s youth. Young freelancers use these opportunities to earn a livelihood for their families. From technology companies in major cities to remote workers using their 4G internet in villages, Pakistanis are excelling and competing with global talent. As of 2024, our freelancers rank 4th globally with over 400 million annual

One tariff too many

Since winning the presidential election, Donald Trump has indicated his plans to extensively employ tariffs to revive the United States’ economic power. The question is: will such threats work for the US when Washington’s extensive use of financial sanctions seems to be failing? On Dec 1, he threatened to punish the Brics (Brazil, Russia, India, China and South Africa) countries with a 100 per

Engro eyes tower-sharing expansion with Veon tie-up

Pakistan’s largest conglomerate Engro Corp, through its strategic partnership with Veon, is eyeing expanding telecom tower-sharing coverage in Pakistan and exploring different use cases in telecom infrastructure. “Pakistan is a very large market in terms of telecom, which keeps growing larger,” Samad Dawood, vice chairman of Dawood Hercules Corp, which owns 40 per cent of Engro Corp, told Reute

Cabinet okays deal with eight IPPs to cut power costs

The federal government on Tuesday approved settlement agreements with eight independent power producers (IPPs) running on bagasse, aiming to reduce electricity tariffs and save around Rs240 billion for the national exchequer. The decision was made during a federal cabinet meeting chaired by Prime Minister Shehbaz Sharif. The approval followed recommendations from the Ministry of Energy’s power

Auto sales stay high this year despite monthly drop

Despite a month-on-month sales drop in November, car sales during 5MFY24 clocked in at 38,534 units, rising 50 per cent from 25,746 units a year ago. Sales of jeeps, vans and pickups, after facing a slight fall in November to 2,191 units from 2,551 in October, swelled by 55pc to 12,259 units in July-November from 7,891 units last year. According to data released by the Pakistan Automotive Ma