It seems that the hopes of major relief in the electricity prices on account of ongoing scrutiny and revisions of the power purchase agreements of power producers to slash the huge burden of nearly Rs2.1 trillion capacity payments in consumer tariffs were exaggerated after all. The entire exercise is likely to help cut the power tariffs by less than Rs2 per unit, provided the government decides
Amid a world being shaped by geopolitical tensions, economic shifts, and technological advancement, the World Economic Forum is opening its 2025 meeting in Davos on Monday, bringing together nearly 3,000 leaders from diverse geographies and industries to drive dialogue, build trust and catalyse sustainable solutions to shared challenges. The global economy is set to face significant challenges
Pakistan’s economy remains trapped in a low-growth equilibrium despite improving macro indicators, and according to International Monetary Fund Managing Director Kristalina Georgieva, lower-income countries, despite reform efforts, are in a position where any new shocks would hit them ‘quite negatively’. Oil prices climbed about two per cent to a four-month high last Monday based on expectation
Several silent but formidable forces have been hindering market competition in Pakistan’s economic landscape: monopolies, cartels, and the dominance of state-owned enterprises (SOEs). These anti-competitive practices distort the market, exacerbate the price hike phenomenon, degrade product quality, and prevent new businesses from flourishing. This remains a significant barrier to the country’s
Shahid Ahmed Khan, a member of the Presidential Advisory Committee on Arts (PACA) at the John F. Kennedy Centre in Washington D.C., met Balochistan Board of Investment and Trade (BBoIT) Vice Chairman Bilal Kakar and CEO Abdul Kabeer Zarkoon on Sunday to discuss investment opportunities and development prospects in Balochistan. The meeting focused on using modern technology for earthquake-relat