Both Democrats and Republicans are now competing for the mantle of change, which is stated to have emerged as one of the early thematic battlegrounds of the US November presidential elections. The battle is especially significant at a moment when polls show that a sizeable majority of Americans are unhappy with the state of their nation’s affairs, says a political analyst. An overwhelming 69 pe
Pakistan’s economy has long been in the grips of financial instability, characterised by a rising debt burden and frequent recourse to external financing. The recent statement by Finance Minister Muhammad Aurangzeb underscores the urgency of the situation, as he highlighted the anticipated rollover of loans from friendly countries and ongoing negotiations with the International Monetary Fund (I
The first unit of the Suki Kinari Hydropower project, one of the many power projects being built by China in Mansehra, was connected to the national grid in the middle of last month, marking yet another milestone in the bilateral economic cooperation under the framework of the China-Pakistan Economic Corridor (CPEC). The project is expected to provide more than one million Pakistani households
Pakistan’s consumer price index (CPI) in August rose 9.6 per cent year-on-year (YoY), marking a 34 month-low, data from the Pakistan Bureau of Statistics (PBS) showed on Monday. The CPI measures household inflation and includes statistics about price change for categories of household expenditure. “CPI general inflation increased to 9.6pc on year-on-year basis in August 2024 as compared to a
The Indus Motor Company’s (IMC) board of directors has approved an additional investment of Rs 1.1 billion to further localise parts and components for its existing vehicle lineup. With this fresh investment, the total allocation for the localisation project has reached Rs4.1bn, the company said in a stock exchange filing on Monday. The company aims to complete this investment by the first quar