The recent surge in electricity prices in Pakistan has ignited a complex chain reaction, threatening to destabilise the nation’s economic and social fabric. The ramifications of these tariff increases extend far beyond simple consumer discomfort, potentially undermining the very foundations of Pakistan’s power sector and broader economic stability. At the heart of this crisis lies a vicious
In a world characterised by economic dynamism and financial innovation, Islamic finance emerges as a distinctive and increasingly influential system. It emphasises real trade and economic activities while prohibiting interest-based transactions, speculation, artificial financial instruments and toxic assets like conventional derivatives. Rooted in Islamic commercial law and underpinned by a
The Asia and Pacific region stands at a critical juncture, positioned both as a significant contributor to global greenhouse gas emissions and a potential leader in transformative climate action. The Asian Development Bank (ADB), alongside our member countries, is steering the region towards a sustainable future through support for a just transition. Our vision aims to reorient economic and
Pakistan, like other developing economies in Asia, is confronting challenges in complying with international food standards because the prevalence of aflatoxins exceeding permissible limits and synthetic pesticide maximum residue limits (MRLs) is high. Unfortunately, the agriculture and food authorities have neither established nor well-publicised these limits. Owing to a lack of awareness and
The August 5 Bangladesh revolution shows that repressive and corrupt regimes have no future in the new political order being defined by the repressed yet ambitious youth. The sooner all concerned in Pakistan learn this lesson, the better. Since former prime minister Hasina Wajid headed a corrupt and repressive regime, even the appreciable economic progress Bangladesh made during her time could