As Pakistan seeks continuous and extended international support at the global climate conference (COP28) in Dubai this week, the International Monetary Fund (IMF) has told the government that the budget for FY2024-25 should practically be a turning point for the planning mechanism and investment portfolios based on climate adaptation. “There is a need to be transparent on climate-related action
The benchmark of listed companies hit another all-time high on Thursday, thanks to the improving macroeconomic outlook following the successful review of the International Monetary Fund (IMF) programme. Topline Securities Ltd said the session commenced on a buoyant note and the momentum remained strong throughout the day. Market participants opted to switch their positions by booking profits
THERE is a debate in Pakistan on the foreign trade strategy we should pursue: export promotion, or import substitution? In much of the world, especially Southeast Asia, the debate has been won by export promotion to spectacular effect. We, however, are still confused, trying to carry out the best of both strategies and ending up with the worst of both. Import substitution is a strategy that see
The city’s industrialists on Tuesday warned the caretaker government of intensifying protests from the second week of December if it doesn’t reduce gas prices. “If the government fails to pay attention to the business community’s demand, we will display protest banners all over the city and observe no-export day twice and even thrice a week,” Businessmen Group Vice Chairman Jawed Bilwani told r
Oil prices tanked more than two per cent on Wednesday as Opec+ producers unexpectedly delayed a meeting on production cuts, raising questions about global crude supplies. Brent futures fell $2.02, or 2.5pc, to $80.43 a barrel by 12:35 p.m. (1735 GMT), after falling as low as $78.41. US West Texas Intermediate crude was down $2.04, or 2.6pc, at $75.73, after hitting a session low of $73.79. O