The Asian Development Bank (ADB) has approved a technical assistance project worth $86.2 million to develop a Sustainable Aviation Fuel (SAF) facility. This project is expected to significantly impact Pakistan by converting local waste resources into a high-value export product. According to an ADB report, the proposed fuel plant is expected to bring substantial economic benefits, enabling the
Bitcoin soared to a new record high on Sunday, as traders bet that Donald Trump’s return to the White House will be good for the cryptocurrency. The digital currency passed $80,000 for the first time in its history shortly after 12pm. It has been rising since the Republican candidate won Nov 5 presidential election over sentiment that he will ease regulations on digital currencies. Bitcoin
The government is considering abolishing the basic pay scales (BPS), starting with non-gazetted staff in the public sector, and replacing them with a contract-based workforce as part of public-sector reforms to scale down the long-term cash load on the budget. Another one of the proposed reforms calls for converting all federal public sector medical facilities into semi-commercial hubs for medi
Donald Trump’s return to the White House seems to have sent jitters across major European capitals, as his second presidency is feared to spark a “global trade war” and deal a “hammer blow” to the decades-old project of globalisation. Most European Union (EU) officials and economists warn that in addition to disrupting global trade — and especially Chinese exports — through his tariffs, Trump’s
After suffering losses overnight due to nervous selling by a section of investors fearing US policy shift after Donald Trump’s win, the stock market resumed its record-setting spree on Thursday, propelling the KSE 100 index to an all-time high closing above 92,500. The overnight downtrend on the local bourse was in sheer contrast to the global bull run as Wall Street, the US dollar, and Bitco