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Upgrade hinges on reforms

Moody’s says Pakistan more resilient to shocks than in 2022, B3 rating upgrade reflects improved governance but debt, Banks will continue to benefit from stable deposit base. PHOTO: AFP ISLAMABAD: Further improvement in Pakistan’s sovereign credit rating will depend on sustained implementation of reforms, rebuilding of foreign exchange reserves and continued access to financing, Moody’s … Read more

Plea landed in FCC seeking ban on social media access for children under 16

Petition argues that measures are required to protect children’s innocence and development LAHORE: A plea was filed in the Federal Constitutional Court (FCC) seeking directions to the government to restrict social media access for children below 16 years of age, introduce a mandatory age-verification mechanism, and take measures to shield minors from cyberbullying, sexualised content, … Read more

Oil sector rejects new price formula

ISLAMABAD: Pakistan’s oil industry has warned that another intervention in the petroleum pricing formula could disrupt fuel supplies, undermine refinery throughput and push oil marketing companies (OMCs) and refineries towards an increasingly unsustainable operating environment. Industry sources said rumours of fresh changes to the pricing formula were circulating but neither refineries nor OMCs had been … Read more