The trading floor of the Pakistan Stock Exchange (PSX) witnessed a wave of profit-taking on Tuesday following a sustained rally that took the benchmark to a multi-year high. Topline Securities Ltd said investors chose to book profits as soon as trading began. There was an extended rally in energy sector stocks in anticipation of a hike in gas tariffs for the last few days. The expected hike was
As they say, “make hay while the sun shines”. The origin of the proverb may have been different for medieval English farmers, however, it applies to rooftop solar installations in Pakistan. The utility prices of electricity have significantly increased in recent years due to various reasons, including but not limited to decades-old inefficiencies and missteps, that have plagued the power sector
About 70 per cent of women engineering graduates residing within the country are either unemployed or out of the labour force, a study has found. The research, jointly conducted by Gallup Pakistan and PRIDE using data from the Labour Force Survey 2020-21, found that 20.9pc of a total of 28,920 women engineering graduates were unemployed. About 50.9pc of them were out of the labour force while o
The Asian Development Bank has approved technical assistance for Sindh Coastal Resilience Sector project that will support the development of a resilient coastal region in the province. The transaction technical assistance will help Sindh government prepare the project with a high degree of readiness. It will have two outputs: coastal resilience strategic framework with priority investments pre
Pakistan has substantial potential for emission reductions in energy, transport, industry and agriculture, which makes its marginal abatement cost “considerably lower” than that of many other countries. Speaking at a seminar on Tuesday about “Leveraging carbon markets to enable private investment,” National Disaster Risk Management Fund CEO Bilal Anwar said stakeholders should identify potentia