KARACHI: The caretaker setup assumed control of the federal government of Pakistan in mid-August 2023 under the leadership of caretaker Prime Minister Anwarul Haq Kakar. Since then, it has faced criticism for various measures, despite being a technocratic setup. Generally, this kind of setup is good for initiating necessary actions deemed vital by the state, but can also incite public displeasure.
ISLAMABAD: The government has initiated discussions to increase gas prices for the remaining six fertiliser plants aimed at preventing the possibility of windfall profits of around Rs100 billion due to its earlier decision to raise prices for only four plants. The issue of gas prices in the range of 175%, or Rs1,017 per mmbtu, may go to the Economic Coordination Committee (ECC) of the Cabinet n
The global textiles and apparel trade is undergoing a significant transformation, shifting emphatically towards man-made fibres (MMF), which constitute around 63% of global textiles and apparel trade, earning them the title of “fibre of the future”. However, Pakistan’s textile sector stands at a crucial crossroads, predominantly tethered to cotton-based exports, which account for almost 67% of
Elections have been held according to the announced date, which has ended the uncertainty surrounding the electoral process. Initially, the election campaign remained slow owing to the lingering uncertain political situation as the country had been in the grip of rumours that the tenure of caretaker setup will be extended by considering the security and economic situation. The campaign picke
Growing doubts about the formation of a new coalition government amid raging protests against alleged manipulation of election results across the country kept the market sentiment depressed in the outgoing week. The equities received a massive battering on the first day of the trading week as nervous investors resorted to panic-selling amid an inordinate delay in announcing a clear-cut power-sh