EVENTUALLY, the world is starting to feel the ripple effects of the US commercial real estate turmoil. The real estate market distress goes back to issues — such as reduced office demand and apartments that were overbought at their peak values — stemming from the Covid pandemic. The crisis is exacerbated by rising borrowing costs resulting from monetary tightening by the Fed to tame decades-hig
Bears took over the trading floor of the Pakistan Stock Exchange on Thursday after Pakistan Tehreek-i-Insaf nominated candidates for prime minister and Punjab chief minister as it also started contacts with different parties for the formation of coalition governments. Also, the Pakistan Peoples Party’s reluctance to join Shehbaz Sharif’s cabinet despite announcing support to elect him as prime
The disparity in the value of the Pakistani currency at the interbank and open markets further widened to Rs2.27 on the second consecutive working day amid political uncertainty. This fresh increase in the gap on Wednesday strengthened earlier signs of market volatility returning to the currency. The difference stretched to 0.81% after the domestic currency maintained a downturn in open market
Hyderabad Chamber of Small Traders and Small Industry (HCSTSI) President Muhammad Farooq Shaikhani has hit out at the Economic Coordination Committee (ECC) for its decision to make a massive increase of 65% in gas tariffs. He appealed to all political leaders and the country’s rulers to withdraw the gas price hike promptly to restore confidence of the business community and encourage collaborat
The federal cabinet has refused to accord its approval to the implementation mechanism established for the Digital Information Infrastructure Initiative to protect cyberspace and mitigate the risks associated with cyber-attacks. The project is being launched with an allocation of Rs5 billion out of information and communication technology (ICT) research and development (R&D) funds as bridge fin