Weather- and climate-related disasters have affected over 75 million Pakistanis in the past three decades, with estimated economic losses of over $29 billion, or roughly $1billion a year, latest World Bank report estimated. The projected temperature extremes will progressively amplify the negative impacts on human health, livelihoods, and ecosystems that Pakistan is already experiencing, said t
Finance Minister Ishaq Dar on Sunday urged the International Monetary Fund (IMF) and multilateral donors to provide greater policy support. He asked the IMF to tailor its response to the situation in Pakistan and similar countries by taking into consideration the serious economic, social and political challenges that they face amid climate-induced calamities, according to a press release issued
Pakistanis have grown up with the phenomenon of load shedding. In the poshest localities of Karachi, most apartment complexes come equipped with backup generators when the light inevitably goes off. Transmission and distribution (T&T) losses occur when the electricity generated is more than the amount delivered to end-users. It is extremely galling to think that your baby is awake all night cry
Some short-sighted staff members of Telenor Microfinance Bank Ltd (TMBL) dug a financial hole many years ago, and the bank is gradually crawling out of it at a huge cost. It may be hard to believe that a microfinance bank claiming to be one of the country’s top three financial institutions in terms of the number of “active” monthly customers is actually a loss-making enterprise for its sharehol
Socio-political drivers determine the pricing in Pakistan’s real estate industry, worth around $350 billion. The district collector’s (DC) property valuation rates and the State Bank of Pakistan’s interest rates remain a meagre part of the economic literature. Despite a consequent decrease in real estate prices globally, there is no sign of a decline in property prices in Pakistan. Like many ot