News

World Bank sees slow and steady global growth

Global growth should remain stable this year and next, but at recent historic lows, the World Bank said Thursday, expressing particular concern about growth in developing countries. Growth should hit 2.7pc in 2025 and 2026, in line with the level reached last year, the World Bank anno­unced in a new report, adding that inflation and interest rates should “decline gradually” over this period.

Telecom operators resent 300pc hike in router prices

The Telecom Operators Association (TOA) has raised concerns over a 300 per cent increase in the price of fibre broadband routers, warning that the hike contradicts the government’s Digital Pakistan Vision and could jeopardise the broadband expansion in the country. In a letter to the Ministry of Information Technology and Telecommunications and the Federal Board of Revenue (FBR), the TOA argued

Plan to electrify conventional vehicles

A day after announcing a reduction in power rates for electric vehicle charging stations (EVCS), Pakistan on Thursday sought France’s support for access to its Green Fund to enable the transition of conventional small vehicles to electric technology to ensure a cleaner environment and savings in oil imports. Power Minister Awais Ahmad Khan Leghari formally discussed the proposal with France’s A

Stocks resume slide amid political volatility

After a three-session recovery drive, the stock market on Wednesday faltered due to uncertainty about the chances of a desired outcome of the ongoing dialogue between the government and the PTI, triggering nervous selling. As a result, the market slipped again on a bearish trajectory. Topline Securities Ltd said the bourse witnessed a consolidation phase characterised by notable volatility. The

Fight over resources

HERE is an interesting question: what exactly animates the polity in Pakistan that it sees repeated military interventions in civilian politics, as well as repeated attempts by political parties to try and team up with the military and annihilate their opponents? All political systems see competition between parties. It is what they are designed to do after all, to sublimate the conflictual for