The global economy is undergoing a seismic technological shift. Robotics, automation, and AI are no longer futuristic ideas, they are now mainstream drivers of productivity, competitiveness, and innovation. According to the International Federation of Robotics (IFR), the industries worldwide deployed over 553,000 new industrial robots in 2023, marking a historic peak in automation demand. Meanw
The post-war Bretton Woods system was based on exchange rate stability, where the Official Development Assistance (ODA) was used to provide necessary development finance to the developing countries. The system ran successfully during the 1950s and 1960s, when developing economies achieved high rates of capital accumulation. However, the collapse of the Bretton Woods system in the early 1970s br
Was the launch of liquefied natural gas (LNG) imports by the Pakistan Muslim League-Nawaz (PML-N) government about a decade ago a blunder? This question arises when we look at the current situation. Pakistan and Qatar have recently reached an understanding to divert 24 LNG cargoes, meant for Pakistan in 2026, to other destinations. The government claims it will save Rs1,000 billion. The same
The World Bank Group said on Saturday it is working with global vaccine alliance Gavi to strengthen financing for immunization and primary healthcare systems, planning to mobilize at least $2 billion over the next five years in joint financing. The two organizations will also work together to advance vaccine manufacturing in Africa as part of a World Bank goal to help countries reach 1.5 billio
The Asian Development Bank (ADB) has approved three projects totalling $381 million to advance agriculture, education, and health services in Punjab. These development projects aim to foster economic growth in the province, which accounts for more than half of the country’s population and economic activity, read a statement on Saturday. “Investing in education, health, and agricultural mecha