News

Pakistan’s perspective on net zero

When preparing and planning for the 2050 net zero target, it’s important to remember that the Earth’s atmosphere knows no boundaries and that every nation is responsible for preserving the environment and atmosphere. This obligation falls particularly heavy on those countries that have contributed the most to pollution and continue to do so. The Earth’s atmosphere comprises 78 per cent nitrogen

A step towards transparency or more manipulation?

While the amendments to election finance rules under the enacted law in August 2023 may contribute to reducing the disparity between the declared and the actual spending by national and provincial assemblies seat aspirants, it is unlikely to eliminate the gap entirely. The substantial increase in the campaign spending limits of candidates has bolstered the perception that engaging in electoral

Corporate window: The need for vision in pharma

At the time of Pakistan’s independence in 1947, there were few pharmaceutical production units in the country. Now, Pakistan has over 800 large-volume pharmaceutical formulation units supplying around 90 per cent of the country’s demand for finished dosage forms and 4pc of active ingredients. In 2020, Pakistan’s pharmaceutical sector’s value was around $3.2 billion, doubling from $1.64bn in 201

Retail, wholesale food price disparities

While already struggling to manage high utility bills, consumers have yet to get any significant price relief despite a drop in world prices of raw materials and edible items, rupee recovery against the dollar, and low transportation costs. On one hand, many manufacturers can be blamed for not passing on the full impact of a lower cost of production. On the other hand, retailers are equally res

Economy still struggling

Within three months and ten days of this fiscal year (between July 1 and November 10), the federal government borrowed more than Rs3.244 trillion from commercial banks. In the comparable period of the last fiscal year, the then federal government’s borrowings from banks totalled just Rs827 billion or one-fourth of where these borrowings stand today. What is more disturbing is the fact that this