Listen to article NEW YORK/LONDON: The US dollar slid on Friday and was set for its biggest weekly loss in over a year after President Donald Trump suggested a softer stance on tariffs against China, adding to uncertainty about the trade policy that kept equity markets on edge. Trump told Fox News on Thursday his recent conversation … Read more
Listen to article NEW YORK: Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social media platform controlled by Elon Musk, two people with knowledge of the matter said on Friday. Morgan Stanley and other banks have contacted investors ahead of a planned sale next week, the sources … Read more
Listen to article ISLAMABAD: Eucalyptus was introduced to the subcontinent from Australia in 1843, but substantial plantings did not occur until after 1950. A further impetus was observed in the 1970s and 1985 with the launch of initiatives encouraging farmers to plant fuelwood crops. Among the various species, Eucalyptus camaldulensis has proven most adaptable to all agro-ecological … Read more
Listen to article BRUSSELS: The International Monetary Fund (IMF) was originally established to monitor the international monetary system (IMS) and provide short-term loans to the nations facing balance of payments problems under the Bretton Woods exchange rate system. When the Bretton Woods system of fixed rates of exchange between major currencies finally collapsed in 1973, the IMF … Read more
Listen to article The price of gold has decreased in both global and local markets. In the international bullion market, the price of gold per ounce has fallen by 3 dollars to $2767. Meanwhile, in local markets, the price of 24-carat gold per tola has decreased by Rs 300, bringing it down to Rs 289,100. The price … Read more
Listen to article KARACHI: For calendar year 2025, I outlined 25 key priorities for Pakistan’s economic team in article ‘2025: A roadmap to economic revival’. To build upon that foundation, here are 25 additional strategies critical to driving sustainable growth and equity. Reduce population growth rate: Bring the population growth raate below 2.1% to stabilise current levels. … Read more
Listen to article ISLAMABAD: The recently released Prime Minister’s Economic Transformation Agenda rightly acknowledges that “many state-owned enterprises (SOEs) – some heavily loss-making – continue to be on the books of the government. Cumulative losses from loss-making SOEs were $3.7 billion (1% of GDP) in FY21 and $2.9 billion (0.9% of GDP) in FY22. These SOEs not … Read more
Listen to article Net metering has placed a financial burden of Rs103 billion on grid power consumers in Pakistan, prompting the government to consider a shift to a gross metering system, Express News reported on Monday. Solar net metering, which allows users to offset electricity costs by feeding surplus energy into the grid, has seen significant growth. … Read more