ISLAMABAD: The Intellectual Property Organization (IPO) and the Punjab Information Technology Board (PITB) forged an alliance on Tuesday by signing an agreement aimed at digitising and automating IPO-Pakistan. The Memorandum of Understanding was signed by Director General of IPO, Ms. Shazia Adnan, and Director General of PITB, Saima R. Shaikh here to foster automation … Read more
Catastrophic consequences of high energy costs have forced many mill owners to close down their businesses A worker operates a machine preparing fabric at the Kohinoor Textile Mills in Lahore on July 20, 2023. — AFP Tariff on natural gas raised by over 60% since August 2022. Gas tariff expected to increase further in … Read more
1701357345-0/COP28-(2)1701357345-0.jpeg "COP28: climate finance needs – Uptrends")
ISLAMABAD: COP28 climate talks have ended with so much discussion and debate and have some useful conclusions. But it all requires finance. Things do not work out by just words. I wish if the financial zeal to allocate and spend money had been as strong as the discussion has been. Unfortunately, this has not … Read more
After lagging for the last few years, the stock market outperformed other popular investment options and asset classes for local investors in 2023, such as the US dollar, gold, government securities, and real estate, according to a research note shared by Topline Securities on Saturday. Market emerged as the highest return provider, as the … Read more
“USD/PKR seems to be hovering around the 282 mark for another month or so,” says Tresmark report A currency dealer counts US dollars at a shop in Karachi. — AFP/File Rupee closes week at 282.53 per dollar, gains 0.24%. Zero CAD policy major reason behind rupee stability. Forex exchange reserves remain under pressure. KARACHI: The rupee is … Read more
KARACHI: Digital literacy is the ability to understand and use digital tools and technologies. This can be as basic as writing a report or article on Microsoft Word, but today we often take it to mean the ability to use and manipulate software and hardware to suit our needs. Essentially, this could be application … Read more
KARACHI: The investment landscape in Pakistan is marred by a complex network of legal, transparency and bureaucratic challenges as well as weak democratic institutions.The mining lease for Reko Diq or the agreement with the independent power producers (IPPs) are just two examples that offer many valuable lessons. Attracting foreign investment is crucial for the … Read more
KARACHI: One of the biggest challenges policymakers in Pakistan face is to not only increase exports, which are at a meagre 10% of GDP, but also make the growth sustainable so that it mitigates the recurring balance of payments crisis the country experiences every few years.The private sector plays an important role in generating … Read more
BEIJING: The People’s Bank of China and the Saudi Central Bank recently signed a local currency swap agreement worth 50 billion yuan ($6.93 billion) or 26 billion Saudi riyals, both banks said on Monday, as bilateral relations continued to gather momentum. Saudi Arabia, the world’s top oil exporter, and China, the world’s biggest energy … Read more
The Pakistan Stock Exchange (PSX) continued its upward trajectory on Friday, as the benchmark KSE-100 Index surged past the 59,000 points level for the first time ever. The index was boosted by improved economic indicators, the expected second tranche of the IMF loan, and the rising confidence of investors. As per the PSX website, … Read more