Pakistan is experiencing frequent and severe climate change-induced natural disasters. The country has a long history of battling droughts and floods. Despite contributing less than 1% of global carbon emissions, the country is still grappling with the effects of climate change. Agriculture is the largest consumer of freshwater in Pakistan, using over 90% of the resource, but mismanagement has
Stocks stayed bullish on Tuesday as investors reacted positively to the surging global crude oil prices as well as the rupee’s stability against the dollar. Analyst Ahsan Mehanti of Arif Habib Corporation said speculations about the early revival of the International Monetary Fund’s loan programme and easing political noise also played the role of a catalyst in the bullish close. However, ma
Saudi Arabia’s cabinet approved on Wednesday a decision to join the Shanghai Cooperation Organisation (SCO), as Riyadh builds a long-term partnership with China despite US security concerns. Saudi Arabia has approved a memorandum on granting the kingdom the status of a dialogue partner in the SCO, said Saudi Press Agency (SPA). The SCO is a political and security union of countries spanning
The European Union (EU) has removed Pakistan from its ‘list of high-risk third-countries’ that have strategic deficiencies in the Anti Money Laundering and Countering the Financing of Terrorism (AML/CFT) regime. Foreign Minister Bilawal Bhutto-Zardari revealed this on Wednesday echoing a similar decision taken by the Financial Action Task Force (FATF) months ago when it removed the country from
Commodity traders claim sale of various food items used for preparing ration packs has remained highly subdued this Ramazan as compared to the last year due to skyrocketing prices and shrinking purchasing power of the people. There is a tradition that people prepare ration packets and distribute them among the needy especially during Ramazan. However, inflated electricity bills, gas tariff a