News

Developing Pakistan’s economy of sports

As commentators say in cricket, ‘against the run of play’, Pakistan summited cricket ratings to become the top-ranked team in the world after four successive victories against touring New Zealand. This is no mean feat and Babar Azam and his men deserve all the applause. Cricket in Pakistan may not be as popular as it is in neighbouring India, where cricket stars like Sachin Tendulkar are though

Soaring towards aviation growth

In today’s world, the quintessential boosters of a country’s economy are the three Ts, namely, trade, travel and tourism. Intuitively, these three Ts are also the pillars for the sustenance of the aviation industry of a country. And interestingly, the relationship between the growth in aviation and the growth in the economy is bidirectional. If one grows, the other also gets a boost. Commercial

CORPORATE WINDOW: The mirage of good news

Here is good news! Corporate earnings in the first nine months of this fiscal year remained robust despite flat economic growth, according to a recent Dawn report based on data compiled by Arif Habib Ltd. Combined earnings of the representative firms of corporate Pakistan rose 8.8 per cent year-on-year to Rs877.6 billion during July 2022-March 2023. The annual increase in after-tax profit in Ja

With skyrocketing prices of cars, theft of their parts also on the rise in Lahore

Stealing side-view mirrors, batteries, tyres and other accessories of vehicles, particularly of the luxury cars, seems to be a ‘petty crime’ for police but the citizens are paying a heavy price for it as such incidents have increased manifold in recent times after several new groups of the criminals sprung up in the provincial capital. The criminals target the cars and other vehicles parked in

Centre may stop financing provincial projects

Amid the tight fiscal position, the Centre is considering ending financing provincial development projects, and instead focusing on five strategic sectors — exports, energy, equity, e-Pakistan and environment (5Es) — in the next year’s Public Sector Deve­lopment Pro­gramme (PSDP). A senior government official told Dawn that the planning and development ministry had moved a summary to the prime