Finance Minister Muhammad Aurangzeb on Sunday announced the government’s “war on cash” as part of a strategy to tap into over Rs9.3 trillion money in circulation and maximise revenue potential. Speaking at a press conference, Mr Aurangzeb stressed that the “short-term pain” of recent policy measures would remain in place for most citizens, even as top corporations begin to benefit from nascent
While electric vehicles (EVs) have already made deeper inroads in various countries, consumers in Pakistan are still using around four decades old two-wheeler models and four-wheelers over 30 years old. In the digital age, buyers usually use the internet to verify automobile prices, especially cars and SUVs available in Pakistan, compared to rates in the world market. However, in the case of mo
While Sri Lanka may not be a model of democracy, the outcome of its presidential elections demonstrates that the country is moving in a democratic direction. The polls were free and fair, and their results were accepted by all contesting political parties. No less significant was the promise of the newly-elected president of Sri Lanka, Marxist-leaning Anura Kumara Dissanayake, to get some of hi
Pakistan is at a crucial juncture, facing both a growing brain drain and the global impact of artificial intelligence (AI)-driven job displacement. While AI transforms industries and automates jobs, some nations are turning to universal basic income (UBI) as a safety net. Geoffrey Hinton, the “godfather of AI”, has warned that without such measures, AI could deepen inequality, benefiting only t
Pakistan Stock Exchange (PSX) ended its winning streak on Thursday and rapidly declined in a volatile session, driven by institutional profit-taking as uncertainty loomed over the government's tax reforms under the $7 billion International Monetary Fund (IMF) loan programme. Earlier, trading began on a robust note, with the KSE-100 index reaching its intra-day high of 82,905.73 points. However,