In a bid to speed up work on sluggish foreign-funded development projects in Khyber Pakhtunkhwa and Balochistan, the federal government has decided to keep a physical check on their progress through satellite-based monitoring. The decision was taken at a meeting of the National Coordination Committee (NCC), which had taken up the issue of foreign-funded projects (FFPs) being implemented by the
The Pakistan Stock Exchange experienced a tumultuous week marred by escalation of Russia-Ukraine unrest, spike in oil prices and rise in trade deficit. As a result, the KSE-100 remained volatile and slid 404 points or 0.9% to close at 45,676 level. “Major reason for the negative momentum this week was higher oil prices triggered by the Ukraine-Russia conflict,” said JS Global analyst Muhammad W
Covid and its various strains showed the impact of globalisation and the butterfly effect in action. With the world becoming a global village, supply side disruptions caused their impact across borders and continents. The real face of capitalism emerged as producers stockpiled raw material and build reserves to ensure that the supply chain was not impacted. This added fuel to the fire and cl
There is a saying that the energy conserved is better and cheaper than the energy produced or purchased. It is truer today than earlier times due to rising energy prices, supply uncertainties and climate effects. In the West, the movement for energy conservation, efficiency, self-reliance and renewable energy started in the backdrop of the 1973 oil crisis. Since then remarkable changes have tak
The print and electronic media is highlighting the upward revision in prices of petroleum products by mentioning that the current level of prices has set a record. Some commentators are of the opinion that the prices may cross Rs200 per litre in the days to come, which implies that many people are bullish about them. When prices are going up, the people tend to think that they will increase fur