Industrial bodies are up in arms over the government’s recent decision to increase gas tariffs, warning that this move could lead to the shutdown of numerous industrial units, a rise in unemployment, and a halt in exports unless the decision is reversed. In a concerted appeal, they have called on the government to retract the tariff increase for the sake of the national economy and to prevent t
A FAMILY was driving home from a wedding when they witnessed two masked men on a bike with guns snatch a laptop case from a person on a motorbike and zoom away. The incident took seconds. Sitting in the car, the wife promptly took off her gold jewellery and stowed it away at the back of the dashboard. Nobody batted an eye. In Karachi, everybody has several stories of muggings. Pakistan is not a
WILL the idea of a participatory coalition government — apparently an improved version of the Pakistan Democratic Movement setup — deliver political and economic stability? It would depend on how this somewhat different approach works and corresponds to the changing ground realities. To begin with, the next prime minister would be from the largest party. Shahbaz Sharif would be the joint candid
LET’S begin by discussing the conclusion: an Independent Non-Executive Director’s (INED) perspective is incomprehensible to a state structure bureaucrat who has been trained to avoid risk throughout their career, has kept ministries away from modern technologies, and treats their clients (the nation’s citizens) as children of a lesser God. To comprehend this, let’s take a brief look at the pres
BUSINESSMEN and investors want to know how long the rupee may remain stable. Many fear that the local currency might lose its worth against the mighty US dollar in the coming weeks and months. The State Bank of Pakistan (SBP) doesn’t have enough foreign exchange reserves to cover even two months of import bills for goods. This means that the rupee will start losing ground whenever market-driven