Despite the ongoing ‘war’ — if one is ready to call it a ‘war’ and not a genocide — in the Middle East, oil prices have largely remained unaffected. Last Friday, as the week approached its end, oil prices settled more than two per cent lower, with Brent crude futures down $1.92 or 2.3pc to $84.89 a barrel. West Texas Intermediate crude futures also fell $1.95, or 2.4pc to $80.51 a barrel. On a
Those who bought tickets from Pakistan International Airlines recently rued the day as hundreds of flights have been cancelled recently. This is unsurprising, given that the country’s state-owned enterprises (SOE) are in shambles. The worst in South Asia, according to the World Bank, the SOEs burden a country that had to scramble to stay afloat. SOE revenues are akin to a man trying to fill a b
After removing Pakistan Steel Mills (PSM) from the privatisation list, the government has assigned its management consulting to Pakistan Institute of Management (PIM) to re-evaluate core and non-core assets along with legal, fiscal and human resource liabilities, but not before losing more than $18 billion in over eight years of closure. “The purpose of this (Management Consulting) assignment i
In a move to attract small investors who shy away from stock investing partly because of excessive documentation, the Pakistan Stock Exchange (PSX) has “further simplified” the brokerage account-opening procedure. In a brief note on Thursday, the national bourse said it has made a “significant reduction” in the number of data fields required for customer on-boarding. As a result, the updated
World Bank has reiterated its commitment to support the Benazir Income Support Programme (BISP) social protection system in order to strengthen and financially empower the marginalised segments of society and ensure relief to the poorest of the poor. A high-level delegation of the bank had a meeting with BISP Chairperson Dr Amjad Saqib at the BISP headquarters here on Thursday. The delegatio