News

Let’s not veil transparency

Freedom of expression is under threat. Defence Minister Khawaja Asif warns media persons and social media users that they could go to jail if they share ‘secret’ information that hurts Pakistan’s ties with “friendly and brotherly countries”. Does this apply to reporting and commenting on Dubai Unlocked, popularly known as Dubai Leaks? Well, it depends on who reports and who comments. Thanks

Banking sector proposals critical for SMEs, tech and agriculture, says Aurangzeb

LAHORE: Federal Minister for Finance and Revenue Mohammad Aurangzeb has termed the banking sector’s recommendations for three priority sectors — small and medium enterprises (SMEs), digital and technology, agriculture — vital for promoting growth and sustainability. In a meeting with a delegation of the Pakistan Banks’ Association (PBA), the minister stated that the purpose of this initiative w

Enhancing wheat storage

In Pakistan, as the harvesting season unfolds for major crops like wheat, rice, maize, cotton, and oilseeds, market dynamics invariably lead prices to their annual lows. This pattern has been particularly pronounced in Punjab during the recent wheat season. The prices experienced a significant downturn, plummeting by approximately 40 per cent to hover between Rs2,400 to Rs3,000 per 40 kilograms

No plans to scrap solar net metering policy: energy minister

Federal Mini­s­ter for Energy Awais Ahmad Khan Leghari on Sunday said the government had no plans to end the policy of solar net-metering. The minister’s remarks came in the wake of media reports, claiming that the government was scrapping the policy and replacing it with a new gross-metering mechanism. Net metering allows consumers to sell excess electricity produced by their solar system t

Record-setting spree continues at PSX

With continued foreign buying driven by positive economic indicators, the stock market maintained its record-setting spree and closed the session at another highest-ever level despite a significant drop in overall trading volume on Thursday. Ahsan Mehanti of Arif Habib Corporation said a reduction of up to 49 basis points in the yields on different T-bill tenors and the inclusion of the Nationa