Express
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Recession scare for US economy | The Express Tribune
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[ad_1] KARACHI: A recession scare is enveloping the topsy-turvy economy of the US as warning signs appear about its economic outlook in conjunction with the employment data. The global economy’s great engine is faltering and sputtering gradually. Data released by the US Department of Labour on August 21 showed that from April 2023 to March…
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Firewalls: threat to digital ecosystem | The Express Tribune
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[ad_1] KARACHI: Life is becoming increasingly difficult for ordinary Pakistanis, to the point where even typically silent segments of society are stepping into the fray. As I highlighted in my previous article about the salaried class’s growing discontent with the regressive tax regime, the wave of unrest is now reaching those who normally enjoy a…
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Debunking misconceptions about CPEC energy projects | The Express Tribune
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[ad_1] ISLAMABAD: The Power Policy of 1994 was introduced as the ultimate solution to Pakistan’s electricity problems. Western countries and institutions praised the policy as one of the best pro-private sector initiatives. The World Bank and USAID collaborated with other multilateral donors to ensure the policy’s success by providing financial support. Both the World Bank…
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Is there any economic recovery plan on cards? | The Express Tribune
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[ad_1] ISLAMABAD: Not really. Is anyone asking for it? Not really. Is there any accountability for inaction? Not really. Would we stay victims of the status quo? Absolutely yes! The country has such a sad but usual state of affairs. Of course, the news about the annual budget exercise and the IMF package have faded…
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Black Myth: Wukong, China’s video game breakthrough sells over 10 million copies in three days | The Express Tribune
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[ad_1] Chinese video game Black Myth: Wukong has made a remarkable debut, selling over 10 million copies across all platforms within 72 hours of its release, developer Game Science announced on Friday. Released on Tuesday morning, the game quickly became a global sensation, topping Steam’s “most-played games” list just an hour after its launch. The…
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Govt makes irregular spending on MPs’ projects | The Express Tribune
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[ad_1] ISLAMABAD: In an irregular move, the federal government spent Rs110 billion on development schemes after the end of June as part of last fiscal year’s public sector development spending. The funds were allocated to projects favored by parliamentarians and the ruling parties. Despite implementing a cash-based accounting system that also required surrendering the surplus…
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Gold hits record high at Rs263,700/tola | The Express Tribune
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[ad_1] KARACHI: Gold prices in Pakistan soared to a new record high of Rs263,700 per tola (11.66 grams) on Saturday, marking a fresh increase of Rs1,700, according to the All Pakistan Sarafa Gems and Jewellers Association. The metal pricing body reported that this latest rise follows a $20/ounce (31.10 grams) increase in global gold prices,…
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Swiss minister calls US-EU debt ‘time bomb’ | The Express Tribune
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[ad_1] ZURICH: Debt levels in the United States and Europe are a risk for international financial stability and for Switzerland, Swiss Finance Minister Karin Keller-Sutter said in a newspaper interview published on Saturday. In an interview with Swiss daily Blick, Keller-Sutter extolled Switzerland’s “disciplined” finances, which she said had enabled the country to deal with…
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Govt to streamline remittances | The Express Tribune
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[ad_1] ISLAMABAD: The Executive Director of the State Bank of Pakistan, Syed Sohail Jawad, announced on Saturday that the government is committed to integrating overseas Pakistanis into the national financial system. Speaking on PTV News, he acknowledged the challenges faced by overseas Pakistanis in sending money to their families in Pakistan, citing the process as…
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Coworking spaces face 60% loss | The Express Tribune
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[ad_1] KARACHI: Coworking space providers, professionals, and analysts are calling for urgent political and economic stability, as well as the elimination of internet disruptions, as the entire coworking space industry faces a 60% business loss and teeters on the brink of collapse. Tech companies are relocating their operations, and not a single new investor is…
