Extending Independence Day felicitations to the nation, Prime Minister Shehbaz Sharif on Wednesday promised a “significant cut” in electricity tariffs in next few days. Currently, he noted, electricity bills are the biggest concern of everybody and without reducing the electricity tariffs, Pakistan’s industry, agriculture, and exports could not grow. Addressing a ceremony held in connectio
KARACHI: Continuing from the overnight optimism driven by strong corporate results, equity investors were busy cherry-picking, propelling the KSE 100 index above the 78,000 level on Friday. Ahsan Mehanti of Arif Habib Corporation said the bull run was led by cement, banking and oil scrips amid a solid corporate earnings outlook. He said the rebound in global equities, easing US recession fea
Is the US headed for a recession? Or has it simply hit a rough spot? What could be the potential implications of a US recession for Pakistan? Recent US economic indicators are, according to analysts, pointing to a direction where the American economy could be in recession early next year as a worldwide selloff jolted equity markets in the wake of a weaker-than-expected jobs report. This was des
The recent surge in electricity prices in Pakistan has ignited a complex chain reaction, threatening to destabilise the nation’s economic and social fabric. The ramifications of these tariff increases extend far beyond simple consumer discomfort, potentially undermining the very foundations of Pakistan’s power sector and broader economic stability. At the heart of this crisis lies a vicious
In a world characterised by economic dynamism and financial innovation, Islamic finance emerges as a distinctive and increasingly influential system. It emphasises real trade and economic activities while prohibiting interest-based transactions, speculation, artificial financial instruments and toxic assets like conventional derivatives. Rooted in Islamic commercial law and underpinned by a