Finance Minister Muhammad Aurangzeb said on Saturday that the growing burden of state-owned entities (SOEs) has cost the country Rs6 trillion in the last 10 years, making it extremely difficult to live with. Speaking at the Overseas Investors Chambers of Commerce and Industry (OICCI), the minister insisted on privatising these SOEs but did not explain why the government could not move in this
Green banking represents a transformative shift in the financial sector, where banks realign their investment strategies to prioritise sustainable technologies and environmentally friendly initiatives. These financial institutions are at the forefront of sustainable banking, actively promoting clean energy and seeking innovative solutions to combat climate change. With the Air Quality Index (AQ
Last month, the Punjab Assembly took the lead in amending its agricultural income tax (AIT) law, increasing the maximum tax rate from 15 per cent (in Punjab and Sindh) to align with federal income tax rates for individuals and businesses, which reach up to 45pc. Other provinces are still deliberating similar changes, all in response to strings attached to the ongoing International Monetary Fund (I
Here comes the sun, and it’s all right. The surge in distributed solar over the last eighteen months has led to an exodus from the electricity grid, as the reduction in the price of solar panels has made distributed solar more affordable. Growth in the adoption of solar has changed the way households and industries alike consume electricity. During the past decade, peak consumption was largely
The competitive narratives of the government and main opposition party indicate that the escalating political tensions would not peter out any time soon despite their negative impact on economic recovery. Political turmoil has shaken the confidence of local business people and foreign investors, who have also lost hope that the political crisis will ever be over, says Karachi Chamber of Commerc