News

Renewing BRI potential for growth

China says the multi-trillion-dollar transnational Belt and Road Initiative (BRI) global cooperation platform will become “more open” as it marks 10 years of the project by holding the third Belt and Road Forum for International Cooperation (BRF) in Beijing from tomorrow. “Continuing from this new starting point, BRI will demonstrate greater creativity and vitality, become more open and inclusi

Growing, but at what cost

Ask an average person if Pakistan is getting more Islamic, and the answer will vary greatly. To the right(eous), the country couldn’t be more distant from religion, as evidenced by co-ed schools or girls being able to breathe. For others, it’s hard to miss the overdose of religiosity. While one can still debate about the country at large, the Islamisation project is hard to miss when it comes t

EU carbon emission rules set to rattle Pakistan’s export sector

If you think the current affordability crisis in the country’s energy sector is bad, look out for the sustainability crisis that’s about to rattle our already struggling export sector. Analysts say the long-term future of every business that exports goods to the European Union (EU) depends in large part on the kind of electricity it uses to manufacture its products. Starting this month, all

AIIB and World Bank approve $600m for Rise-II

The Asian Infrastructure Investment Bank (AIIB) and the World Bank will co-finance Pakistan’s second Resilient Institutions for Sustainable Economy (Rise-II) programme with a $600 million loan, aiming to enhance the policy and institutional framework to improve fiscal management and regulatory conditions that support growth and competitiveness. According to the cost and financing plan, AIIB wil

Big drop in fuel rates a silver lining for inflation-hit masses

For the second fortnight in a row, the Caretaker Prime Minister Anwaarul Haq Kakar’s government reduced petrol and high-speed diesel (HSD) prices for the next 16 days, ending Oct 31, as a result of decline in the international market and an appreciation in the rupee’s value. The petrol price was cut by Rs40 per litre, and HSD lowered by Rs15 per litre. As a result, the ex-depot price of petrol