Revised IGCEP saves $17b: Power Division

[ ISLAMABAD: The Ministry of Energy (Power Division) has said that the revised Indicative Generation Capacity Expansion Plan (IGCEP) has achieved an estimated $17 billion in savings by cutting about 7,000 megawatts (MW) of committed projects. Compared to earlier plans, the revised IGCEP secures $17 billion in savings by excluding around 7,000 MW of projects … Read more

Visa leverages stablecoins for faster cross-border payments

Visa (V.N) said on Tuesday it will start testing a new way for businesses to fund international payments by allowing them to use stablecoins instead of pre-depositing cash in local accounts. The move signals growing acceptance of these digital tokens among major businesses, who have been emboldened by the United States passing the Genius Act, a law … Read more

How Trump’s claim about painkillers and autism sent Karachi mothers searching for answers

When the president of the United States stands on a podium and proclaims that Tylenol—locally known as Panadol—causes autism in children, parents listen. His statements unleashed a wave of fear, anxiety and anguish at least in Karachi, where we report from. An autism expert at Aga Khan University was “flooded” with calls and emails from … Read more

Gold tops Rs400,000 amid global rush

[ KARACHI: Gold prices in Pakistan soared past Rs400,000 per tola to a fresh record high on Monday, in tandem with the international rally where the precious metal surged past $3,800 an ounce for the first time. The spike was fueled by investor demand for safe-haven assets amid US rate cut expectations, fears of a … Read more