Pakistan Railways modernization essential for economic growth: PM Shehbaz

Directs authorities to complete Pakistan Railways’ development projects within stipulated timelines Prime Minister Shehbaz Sharif chairing a meeting on the progress of the Pakistan Railways Transformation Plan. PHOTO: PMO  Prime Minister Shehbaz Sharif on Monday directed authorities to complete Pakistan Railways’ development projects within the stipulated timelines and according to the highest quality standards, emphasising that a…

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Should we worry about C/A deficit?

With political pressure likely to increase ahead of future elections, there is a risk that higher fiscal spending, easier monetary conditions, and stronger import demand could widen the deficit, complicating long-term investment planning. PHOTO:FILE KARACHI: If there is one economic data point that has consistently worried Pakistani analysts, investors, policymakers, bankers, and even the common…

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Japanese cars giving in to Chinese NEVs

KARACHI: Recent tensions and disruptions in the Strait of Hormuz have triggered a fresh energy crisis, turning the global shift to electric vehicles from a gradual climate response into an urgent economic imperative. For energy import-dependent nations like Pakistan, the stakes are particularly high. Decades of reliance on imported fuel have left the economy vulnerable,…

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Three killed in Khyber flash floods as monsoon rains sweep through K-P

Monsoon death toll climbs in province as authorities issue fresh landslide warnings Three die in Khyber flash floods amid widespread monsoon rains across Khyber-Pakhtunkhwa. PHOTO: EXPRESS PESHAWAR: Three people died after being swept away by flash floods triggered by heavy monsoon rains in Khyber district on Monday, as widespread downpours prompted fresh floods and landslide…

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Why Pakistani oil and gas projects fail

Owner decision-making, flawed EPC terms and weak evaluation criteria are to blame ISLAMABAD: Pakistan has recently made a number of hydrocarbon discoveries, which need rapid and economical development. This led me to study some associated project execution practices currently in vogue and share suggestions which may help. Although a project always has two major parties…

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Saudi support & economic sovereignty

Financial breathing space is valuable, but is no substitute for institutional reform ISLAMABAD: Saudi Arabia’s decision to increase its financial support to Pakistan by replacing the deposits withdrawn by the United Arab Emirates (UAE) under the ongoing International Monetary Fund (IMF) programme deserves sincere appreciation. At a time when geopolitical uncertainty has intensified across the…

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Settlers torch mosque, factory in West Bank

AT TUWANI, WEST BANK: Israeli settlers set fire overnight to a mosque in a village in the occupied West Bank, a Palestinian official said Sunday, as an AFP journalist saw the structure’s entrance scorched and Hebrew graffiti sprayed on its walls. The incident came during a period of increased attacks against Palestinian communities by settlers…

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