Category: Recent Post

KARACHI: Lockdown-hurt business community sees positive impact of electricity tariff discounts announced by the government for trade and industry on revving up the economy, their representatives said on Tuesday. Anjum Nisar, president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said electricity cost will help in overcoming inflation and spurring economic growth. “FPCCI has long been striving for rational electricity tariffs for industries to help them compete with the regional competitors,” said Nisar. “The struggle has now been fulfilled as the government realised the issue.” Prime Minister…

Read More

Ah, Big Oil. The term is technically used to describe the world’s seven largest publicly traded oil and gas companies, including BP, Shell, and ExxonMobil. But the term is also used pejoratively, to describe influential lobby groups, particularly in the US political system. These groups often have a blatant disregard for the environment, and for the laws that protect our planet. However, corporations do respond to one thing: public perception. Witness, for instance BP (formerly known as British Petroleum), try to promote conversations about the carbon footprint in the 2000s. Witness also…

Read More

KARACHI: Speakers at a media workshop held on Wednesday at a local hotel warned that growing population and continued discharge of industrial and domestic waste into the environment coupled with increased extraction of groundwater were worsening the freshwater crisis in Pakistan, urging the government to come up with water conservation strategies. The event was organised under a World Wide Fund for Nature-Pakistan (WWF-P) project titled International Labour and Environmental Standards (ILES) Application in Pakistan’s Small and Medium Enterprises (SMEs). The project is currently being implemented in Karachi, Lahore, Faisalabad and…

Read More

KARACHI: Rapid urbanization, over-population, industrial pollution and lack of storage facilities are aggravating freshwater availability in Pakistan. Mismanagement of rainwater mainly during the monsoon season along with other factors are also contributing to the water Scarcity This was stated by speakers during a media briefing workshop organized under WWF-Pakistan’s International Labour and Environmental Standards (ILES) Application in Pakistan’s Small and Medium Enterprises (SMEs) project held here at a local hotel on Wednesday.Speakers suggested that Pakistan has agro-based economy so it’s important that integrated water resource management, rainwater harvesting, water recycling…

Read More

ISLAMABAD: With the International Monetary Fund (IMF) reportedly insisting on politically challenging contractionary monetary and fiscal policies as prior second tranche release conditions, the Khan administration appears to be caught between a rock and a hard place. Sources on condition of anonymity told this newspaper that negotiations with the Fund for the resumption of the stalled extended Fund facility include: (i) an increase in the policy rate by 200 to 300 basis points, a decision that may choke off all economic activity like in the previous year; and (ii) a…

Read More