News

Corporate funding during elections

Corporate entities in Pakistan and their associated bodies maintain a visible distance from the electoral process. Even after the government lifted the ban on their participation in providing financial support to political parties and candidates, their behaviour remained unaffected. The business community, it seems, overlooked the legal shift regarding political donations by companies and trade

The cost of toxic coal mining in Thar

Lying somewhere at the bottom of the stack of thousands of cases pending before the Supreme Court is an appeal filed by the residents of the villages of the Thar desert whose lives and livelihoods have been threatened by disposal on their lands of highly toxic water being pumped out during coal mining. The water is being disposed of at two effluent water disposal sites in Gorano and Dukar Cho v

Pakistan’s power price dilemma

Easy access to affordable energy is pivotal for fostering economic growth and enhancing the social prosperity of the nation. However, it has remained a distant dream for many in our country due to inflated energy costs. As is well known, the roots of soaring power prices lie in poor governance, policy lapses, volatile global energy prices, and rupee devaluation. Currently, a substantial segment

JCL posts profit of Rs8bn

The Board of Directors of Javedan Corporation Limited (JCL) announced the financial results for FY23 last week, as per a press release. The company reported a profit of Rs8bn, representing the company’s highest-ever profit. A final cash dividend of Rs6 per share, equivalent to 60pc of the face value, was approved. This amounted to a payout of Rs2.3bn. JCL is the owner company of Naya Nazimab

Gold buying remains dull amid rising cost of living

As the issuance of daily gold rate by the All Pakistan Gem and Jewellers Association (APGJA) still hangs in the balance for the 18th consecutive day, traders have said gold buying by the families in the ongoing marriage season also remained dull due to consumers’ shrinking buying power and rising cases of gold ornaments snatching. All Karachi Jewellers Manufacturers Association President Mohamm