News

Microfinance on the verge of collapse

Pakistan’s financial services landscape today looks vastly different from what it used to be a decade or two ago. At least in the urban areas, an average person even remotely linked to the formal net would be using some app, either to receive money from Bykea after doing a gig or a small shop owner whose customers want to pay digitally. Heck, they can even borrow a couple thousand rupees instantly

Strengthening the middle-class economy

US President Donald Trump wants to be known globally as a peacemaker, and his number one priority is his own people. He is responding to the expectations of US citizens who elected him for a second time as the American president. Referring to the Los Angeles burning, people in the US are pinning hopes on Mr Trump to redirect funds spent on ‘international priorities’ to address the urgent needs

The knotted problem of utility stores corporation

In FY25’s budget, the allocation for utility stores corporation (USC) nearly doubled from the previous year. In the recent past, there have been different proposals to restructure the corporation to improve its finances or close 1,000 loss-making outlets nationwide. There are about 5,130 stores nationwide, according to media sources. This month, the government decided to close it down since it

Trump’s contradictory stance on oil

With the advent of the second Trump era last Monday, uncertainty has engulfed the world on various fronts. And the world of energy is no exception. Within a week of taking the oath of office, President Donald Trump has rattled the energy markets. Moving on his campaign mantra, ‘Drill, baby, drill,’ on his first day in office, he signed an executive order promising to “unleash America’s affordab

Finance: Keeping the economy steady

Pakistan’s deep state is watching every action of the second Trump administration in the US cautiously. PTI, the main opposition party, thinks the change of guard in Washington may somehow help it defuse existential threats. That may be why it keeps sending mixed signals about its willingness to cooperate. On the international front, Pakistan’s politics is becoming increasingly entrenched in the b