The Cabinet Committee on State-Owned Enterprises (CCoSOEs) has declared two banks “essential” entities, thus saving them from being privatised. The committee’s meeting on Monday, chaired by Finance Minister Muhammad Aurangzeb, examined the status of SOEs for their probable handover to the private sector. The meeting was also attended by Minister for Housing Riaz Hussain Pirzada, Minister for
The stock market remained volatile due to rising political and economic uncertainty. However, based on last session’s bullish performance, it closed the outgoing week in the green zone, driven by continuous slowing Consumer Price Index-based (CPI) inflation. Arif Habib Ltd (AHL) said the week commenced positively with Monday’s Monetary Policy Committee (MPC) meeting. The State Bank of Pakistan
Liquid biofuels derived from renewable sources such as edible and non-edible oils and animal fats provide an eco-friendly alternative to traditional petroleum-based fuels. These biofuels can be easily blended with diesel and gasoline (petrol) for use in existing engines, typically up to a certain percentage, without requiring engine modifications. Among biofuels, ethanol is particularly notable
Not subdued by severe curbs, the hunger for freedom and citizen-based democracy worldwide is growing, with apparently no end to the current plight of the frustrated majority in the existing social structure. In the realm of ideas on how to go about putting things right, updated economic literature spotlights various issues in freedom and democracy, clearly spelt out by great thinkers and states
As the spectre of a deadlier conflict in the Middle East looms following the killing of a Hamas leader in Iran, with potentially horrific consequences for people and economies worldwide, Pakistan continues to grapple with its own set of challenges. Though not immune to the unsettling developments in the Middle East, brokerage houses foresee better times ahead for Pakistan, which has long been t