Business News
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Pakistan’s power providers ‘overcharging’ millions
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[ad_1] Workers seen on an electric pole in Islamabad, on October 26, 2023. — APP ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has found that millions of consumers were overcharged during the months of July and August, prompting the body to initiate legal action against K-Electric (KE) and other power-providing companies, Geo News reported…
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‘X files for bankruptcy’, is this the headline Elon Musk is waiting for?
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[ad_1] Elon Musk gestures during an event with the logo of X, formerly Twitter, in the background. — X/@eminsansar Elon Musk’s vitriolic rant on advertisers boycotting X, formerly known as Twitter has perplexed the experts — can X thrive if advertisers continue to leave and don’t return? “In April, I sat down with Musk for…
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Spotify to slash 1,500 jobs as higher costs bite
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[ad_1] An image of a Spotify logo. — AFP/File Spotify, the Swedish music-streaming firm, has stated that it would lose 17% of its staff, or around 1,500 positions, in order to reduce expenses with economic growth decreasing “dramatically,” CEO Daniel Ek said he took the “difficult” decision. Spotify employs about 9,000 people, and Ek stated…
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PSX crosses 62,000 mark with a gain of over 700 points
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[ad_1] A stock broker can be seen speaking on call while looking at his screen. — AFP/File KARACHI: The Pakistan Stock Exchange (PSX) maintained a positive trend on Monday with a gain of over 700 points as the benchmark index crossed the 62,000 milestone. According to the PSX website, the KSE-100 index gained 701.86 points…
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Huge environmental impact of toilet paper consumption
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[ad_1] Huge environmental toll of toilet paper and possible sustainable replacements.—interestingengineering In a world where toilet paper is synonymous with convenience, the hidden environmental costs of its production and consumption are now coming to light. As an essential part of daily life, toilet paper’s ubiquitous presence contributes to significant environmental challenges, from deforestation to air…
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Pakistan set to clinch free trade deal with GCC
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[ad_1] Interim Commerce Minister Gohar Ejaz (centre) holds the final round of discussions with the GCC’s chief negotiator in Riyadh on December 2, 2023. — X/Gohar Ejaz ISLAMABAD: Information Minister Murtaza Solangi on Sunday confirmed that Pakistan and Saudi Arabia have agreed on the investment modalities, paving the way for the ratification of a free…
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Economic revival, CPEC and Agenda 2024 – I | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan is desperately looking for options to overcome economic and financial challenges. These are not new challenges. The economic and financial difficulties have been frustrating Pakistan for quite some time. The successive governments failed to present any viable solution to overcome these challenges. Instead, the successive governments contributed to worsening the economic and…
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Pathways to Pakistan’s prosperity | The Express Tribune
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[ad_1] ISLAMABAD: Finding the pathway to Pakistan’s prosperity demands a multi-directional approach and given our policy complexities and constraints, economists alone cannot undertake this job. Similarly, setting up advisory councils with business tycoons who are beneficiaries of a rent-seeking system is an exercise in futility. Likewise, politicians who come from grassroots may represent public sentiments,…
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Changes to gas priority order sought | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s economic policymakers have suggested amendments to the gas supply priority order with the objective of according top priority to the industry, which will help boost industrialisation process in the country. In a recent meeting of the Economic Coordination Committee (ECC), its members argued that the merit order for gas supply had been…
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Govt, banks at stalemate over PIA debt restructuring | The Express Tribune
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[ad_1] ISLAMABAD: The government and commercial banks have failed to break an impasse over the restructuring of Pakistan International Airlines’ (PIA) Rs260 billion debt, compelling authorities to grant yet another extension to a committee attempting to find a solution. Sources from the Privatisation Ministry stated that Finance Minister Dr Shamshad Akhtar has not accepted any…
