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Business
Global wealth projected to rise 38% by 2027
ZURICH: Global wealth, as measured in personal holdings of assets from real estate to stocks and shares, is projected to rise 38%…
Tax reforms commission unceremoniously sent packing
ISLAMABAD: The much-trumpeted Reforms and Resource Mobilisation Commission (RRMC) was unceremoniously sent packing by the last…
UNESCO delegate picked in violation of merit
ISLAMABAD: Pakistan has appointed a new deputy permanent delegate to the United Nations Educational, Scientific and Cultural…
Gulf markets subdued after China cuts rates
BENGALURU: Most major stock markets in the Gulf fell in early trade on Tuesday as investors mulled over world’s second largest…
Rupee loses significant ground against USD, trades for 292 in interbank
KARACHI: The Pakistani currency witnessed a significant drop on Tuesday - the first day of the interim government taking over the…
K-Electric sees no impact of inflation on power bills
KARACHI: Officials of K-Electric (KE), which supplies electricity to Karachi and its adjoining areas, have given assurances to…
Financial globalisation and govt
LAHORE: Financial globalisation has been going on at a rapid pace over the past three decades. Private capital flows have been…
Proposal for G2G projects rejected
ISLAMABAD: The Shehbaz Sharif-led coalition government turned down a proposal floated by the Power Division that called for…
Near-term external sector issues resolved
KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad has said that the nine-month, standby arrangement agreed with the…
Despite sharp tariff rise, circular debt soars to Rs2.31tr
ISLAMABAD: The power sector circular debt jumped to Rs2.31 trillion by the end of June 2023 after revenue gains from a massive…