News

What could a world without Twitter look like?

After another chaotic week of mass staff departures and policy reversals, Twitter’s future seems highly uncertain, with users — and everybody else — increasingly asking one question: What would a world without the so-called bird app even look like? With about 237 million daily visitors at the last count in late June, Twitter’s user base is still smaller than Facebook’s nearly two billion, TikTo

Pakistan does not require electricity; it requires cheap electricity

How is the Water and Power Development Authority (WAPDA) structured? MUZAMMIL HUSSAIN: When WAPDA was established in 1958, the Tennessee Valley Authority’s (TVA) model was used as the base for its business structure. The TVA model’s legal and constitutional position allows WAPDA to be an independent authority in terms of financial power. The Authority comprises three members – Water, Finance and

Dar takes notice of \'illegal, unwarranted\' leak of COAS Bajwa\'s family\'s tax records

Finance Minister Ishaq Dar on Monday took notice of the "illegal and unwarranted" leak of the tax records of Chief of Army Staff (COAS) General Qamar Javed Bajwa's family members. "This is clearly violative of the complete confidentiality of tax information that the law provides," a statement issued by the finance ministry stated, a day after a report by investigative news website FactFocus, wh

Dawood Hercules plans Rs5.3bn investment

Dawood Her­cules Corporation Ltd is going to make long-term investments of more than Rs5.3 billion in its associated companies. Shareholders passed a resolution in their extraordinary general meeting on Monday to allow the investments in the publicly traded shares of four companies at prices quoted on the Pakistan Stock Exchange. The holding company chaired by prominent businessman Hussain D

October textile exports dip 15pc

Pakis­tan’s exports of textile and clothing post a negative growth of 15.23 per cent in October from a year ago, data compiled by the Pakistan Bureau of Statistics (PBS) showed on Monday. High energy cost was one of the reasons for the slowdown in textile exports besides the non-disbursement of refund payments. Refund payment orders for Sept 16 to Oct 17 period are still unpaid and if the situa