The latest Auditor General (AG) report has raised serious concerns over massive violations in the telecom sector, including misconduct by state-owned PTCL and the Special Communications Organisation (SCO). The report also reveals that Jazz, the country’s largest telecom operator, overcharged consumers by Rs6.58bn during 2023-24. The report highlights that despite multiple directives from th
Senators on Wednesday expressed grave concern over the Water and Power Development Authority’s (Wapda) prolonged legal battles, land disputes worth trillions of rupees, and the indefinite closure of the Neelum-Jhelum Hydropower Project, valued at over Rs500 billion. The Senate Standing Committee on Water Resources, chaired by Senator Shahadat Awan, reviewed the compliance reports on audit paras
The Pakistan Stock Exchange (PSX) soared to an all-time high on Monday, with the benchmark KSE-100 index surging 1,704 points, or 1.16 per cent, to close at 148,196.42 — its highest level in history — driven by renewed investor confidence amid credit rating upgrades, strong corporate earnings outlook, and anticipated economic reforms. Market optimism was fuelled by Fitch Ratings’ improved outlo
FOR some months now, the government has been working on a new industrial policy that, according to Finance Minister Muhammad Aurangzeb, will encourage pro-business conditions in order to boost the pace of industrialisation. Speaking at a workshop organised by the Securities and Exchange Commission of Pakistan and the Pakistan Banks Association in Karachi recently, Mr Aurangzeb said the policy w
Pakistan’s small and medium enterprises (SMEs) are the backbone of our economy. With over 5.2 million businesses spread across manufacturing, services, and trade, SMEs contribute nearly 40 per cent to the GDP and employ more than 80pc of the non-agricultural labour force. From the furniture makers of Gujrat to the tech startups of Karachi, these businesses reflect the diversity and potential of Pa