The tale of the tortoise and the hare has long been a fixture in our collective memory, imparting the wisdom that persistence and steadiness can lead to success. However, with maturity, one learns that urgency and swift action have their own merits. In economic planning, undue delays and over-caution can sometimes stall progress. This reality is keenly felt within the corridors of policy-making
On March 18, the federal government took several measures to reduce the cost of foreign trips, instructing officials to opt for cost-effective alternatives, such as teleconferencing. Moreover, conferences that can be handled by Pakistan missions abroad should be identified, and proper intimation should be sent to the concerned missions. According to analysts, such austerity measures “appear to
The rural areas of Pakistan are fast heading towards a larger-than-ever unemployment crisis, driven by a complex interplay of several factors, including rapid mechanisation. Given Pakistan’s historical reliance on traditional agricultural practices, its agriculture sector has lagged in mechanisation. However, recent years have witnessed significant investments in agricultural machinery by large
A major shift in the global electric vehicles (EV) market is underway, led by cheaper Chinese electric cars equipped with smart tech features. China already accounts for nearly 60 per cent of the global EV market share, and Bloomberg projects world sales to surge 21pc to 16.7 million units in 2024 — one out of every five cars sold globally last year was an EV. Chinese automakers have not only d
In eight months and one week of this fiscal year — between July 1, 2023, and March 8, 2024 — the federal government’s budgetary borrowings from commercial banks more than doubled to about Rs4.2 trillion from Rs2.01tr. Meanwhile, the private sector’s net borrowings slumped to Rs73 billion from Rs246bn. Want to know more about why banks and bankers generally remain happy with the government and v