Prime Minister Shehbaz Sharif on Monday said the completion of the Information Technology Park project would help boost the country’s exports in this sector and be a significant milestone in achieving the $25 billion IT exports target. The prime minister, while chairing a meeting to review ongoing IT projects, digitisation efforts, and initiatives to boost IT exports, expressed satisfaction wit
Online businesses and freelancers continue to raise concerns over the lack of clarity from the officials on the issue of internet disruptions and warned of massive economic losses if the issues weren’t resolved. The Pakistan Software Houses Association (P@SHA) and Pakistan Freelancers Association (Pafla) on Monday urged the government to take the industry into confidence and address the issues
Chinese electric vehicle giant BYD on Saturday announced plans to open a car production plant in Pakistan, where it will also start selling three models through a partnership with Mega Motors. BYD is the first major new electric vehicle (NEV) entrant in the Pakistani market, where there is a lack of charging infrastructure. "Our entry into the Pakistani market is not just about bringing advance
The benefits of free trade are based on the classic comparative advantage trade theory, as originally espoused by the English economist David Ricardo in the early 19th century. Consumers, producers and economic growth all benefit on average from free trade. The winners from free trade outweigh the losers. Without making interpersonal comparisons, the logic of other economists was that the loser
Former caretaker commerce minister Dr Gohar Ejaz has raised concerns about the steep rise in electricity bills, questioning how the cost per unit has reached as high as Rs80 when the production cost in July was only Rs9 per unit. In a tweet, Dr Ejaz pointed out that in July, the total average electricity generation was 20,000 megawatts, with 35% of this, or 7,000 megawatts, generated from hydro