Category: Featured

KARACHI: Pakistan’s citizen-led solar revolution is set to deliver substantial socio-economic benefits, says a study titled “The Many Dividends of Solar Rush in Pakistan,” and highlights that the mass-scale adoption of solar PV is not only reducing fossil dependence and easing grid strain but also mobilising private capital, creating jobs and cutting emissions at scale. As Pakistan grapples with mounting climate risks, including the devastating monsoon floods, distributed solar continues to deliver one of the country’s strongest mitigation outcomes. In FY25, solar PV avoided an estimated 35 million metric tons…

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The government has signed a memorandum of understanding with crypto exchange Binance to explore the “tokenisation” of up to $2 billion in sovereign bonds, T-bills and commodity reserves to boost liquidity and attract investors, the finance ministry said on Friday. Separately, the Ministry of Finance also gave initial clearance for Binance and HTX, a digital-asset platform, to register with regulators to set up local subsidiaries and begin preparations for full exchange licence applications, the virtual assets authority said. The ministry said the agreement paved the way to explore a potential…

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KARACHI: State Bank Pakistan (SBP) Governor Jameel Ahmad has said that they are playing an important role in supplying high-quality security ink for the printing of Pakistan’s banknotes. Speaking at the 30th anniversary ceremony of SICPA Inks Pakistan Ltd, the governor expressed satisfaction over the partnership between SICPA and the Pakistan Security Printing Corporation for the production of high-quality security ink, noting that the collaboration has been mutually beneficial for both institutions. He appreciated the transfer of technology and the local production of various types of security inks, and emphasised…

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The Federal Reserve cut interest rates on Wednesday in another divided vote, but signaled it will likely pause further reductions in borrowing costs as the US central bank looks for clearer signals about the direction of the job market and inflation that “remains somewhat elevated.” New projections issued after the Fed’s two-day meeting showed the median policymaker sees just one quarter-percentage-point cut in 2026, the same outlook as in September, with inflation expected to slow to around 2.4% by the end of next year even as economic growth accelerates to an…

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ISLAMABAD: Despite the disruption caused by mid-year floods, Pakistan’s growth outlook for both fiscal year 2025 and 2026 has been upgraded by the Asian Development Bank (ADB), as indicated in its latest report released on Wednesday. The Asian Development Outlook (ADO) December 2025 noted that, despite the challenges posed by June floods, Pakistan’s economy grew 5.7% in the fourth quarter of FY25. The report also highlighted strong performance by the large-scale manufacturing sector in recent months. “Pakistan’s growth outlook for FY2025 has been revised upwards following a stronger-than-expected performance in…

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LAHORE: A recent survey by Kaspersky in the Middle East, Turkiye and Africa (META) region, titled “Cybersecurity in the workplace: Employee knowledge and behaviour”, found that just 41% of professionals in Pakistan received training on digital threats. The knowledge gap is significant, particularly as the majority of cybersecurity breaches are attributed to human error. The findings underline the need for IT departments to provide clear guidance and for organisations to implement structured, practical cybersecurity training that reaches employees at every level. Many cyberattacks today are deliberately designed to bypass digital…

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