Category: Featured

ISLAMABAD: Federal Minister for Climate Change and Environmental Coordination Dr Musadik Malik participated in a panel discussion organised by the Pakistan Business Council titled “Climate Resilience: Who Pays the Price for Delay?” The session brought together key stakeholders to discuss the escalating human, economic, and environmental costs of climate inaction. Speaking on the occasion, Malik underscored the devastating impact of climate-induced disasters on Pakistan. He highlighted that approximately 4,700 lives have been lost in the last four major floods, more than any war the country has faced. In addition, nearly…

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Job seekers scrolling LinkedIn and other boards are running into “ghost jobs”. These are roles that appear legitimate on the surface, but in reality may not exist, may have already been filled, or may never have been intended for hiring at all. So how do you avoid them? According to a 2025 study by resume-building service MyPerfectResume, in June 30% of job openings in the US never resulted in a hire, more than 2.2 million roles that did not materialise. That means there were a significant number of people who handed over their…

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KARACHI: The Pakistan Stock Exchange (PSX) witnessed volatile trading on Tuesday as the benchmark KSE-100 index closed in the red because of late-session profit-taking that erased early gains. After touching the intra-day high of 162,820, the index failed to sustain the momentum and slipped to the low of 161,277 before settling at 161,692.49. By the closing bell, the market had recorded a decline of 291.59 points, or 0.18%. Market sentiment weakened towards midday as profit-booking intensified across index-heavy sectors such as oil & gas exploration, banking and power generation. KTrade…

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KARACHI: Gold prices in Pakistan rose sharply on Tuesday, tracking a largely steady trend in the international market, where softer-than-expected US retail sales strengthened expectations of a Federal Reserve rate cut in December. In global trade, spot gold inched down 0.2% to $4,130.85 per ounce by 09:36 am ET (1436 GMT), after earlier touching its highest level since November 14. The yellow metal had rallied nearly 2% on Monday as several Fed policymakers voiced support for a third rate reduction this year. In the domestic market, gold per tola climbed…

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ISLAMABAD: The Executive Committee of the National Economic Council (Ecnec) on Monday approved the second phase of the Karachi water and sewerage services improvement project at a cost of $665 million, or Rs186 billion, to meet civic service needs in the country’s largest metropolitan city. Headed by Deputy Prime Minister Ishaq Dar, Ecnec also cleared, in principle, the revised project for acquisition of land for the construction of interchanges at the Karachi-Lahore motorway at a higher cost of Rs68.8 billion. Ecnec, the highest project-approving authority, approved the Karachi water and…

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KARACHI: Not many would dispute that a variety of the problems Pakistan faces today, and indeed has faced in the past, stem from the underwhelming performance of our bureaucracy. The question that comes to mind is: why does our bureaucracy underperform? To answer this, we need to appreciate that when people say “bureaucracy” they are conflating a system of governance, bureaucracy, with the people who work in it: bureaucrats. To understand what is going wrong, one has to look at these conflated elements separately. Britannica defines bureaucracy as a “specific…

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