News

PSX loses over 3,000 points in post-poll week

Growing doubts about the formation of a new coalition government amid raging protests against alleged manipulation of election results across the country kept the market sentiment depressed in the outgoing week. The equities received a massive battering on the first day of the trading week as nervous investors resorted to panic-selling amid an inordinate delay in announcing a clear-cut power-sh

The spectre of AI-driven irrelevance

REMEMBER when making a video required bulky equipment, a field force of camerapersons, an army of editors, sound designers, and countless other support staff? Probably not. For most of us, it meant taking out our phone to record, downloading to make the edits and then uploading to some platform. The monopoly of content had been broken, as evidenced by the fact that some of the biggest creators of

Contenders for the next finance minister

DEMOCRACY in Pakistan has yet to yield significant improvements in living standards and provide a stable environment for businesses to thrive. Despite this, the recent elections saw 60.5 million Pakistanis using ballots, more than ever before in the nation’s history. It indicates people’s profound trust in democracy and a belief, perhaps perceived irrational by many observers, that an elected g

Surging food exports hit local consumers

The export of raw food products consecutively surging for the sixth month in the current fiscal year forcing local consumers to pay higher prices. The food export value more than doubled to $787.36 million in January, up 105.29 per cent from $383.54m in the same month last year, according to data compiled by the Pakistan Bureau of Statistics. The new fiscal year began with negative growth of

Industry slams caretakers for gas tariff hike, warns of economic fallout

Industrial bodies are up in arms over the government’s recent decision to increase gas tariffs, warning that this move could lead to the shutdown of numerous industrial units, a rise in unemployment, and a halt in exports unless the decision is reversed. In a concerted appeal, they have called on the government to retract the tariff increase for the sake of the national economy and to prevent t