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Germany to overhaul laws to allow energy bailouts

Germany’s government will have the power to take stakes in utilities and impose emergency levies on consumers under proposed legal changes now under discussion, three sources told Reuters, as Berlin…

We just can’t compete

Distortions caused by a distraught policy landscape — from high energy costs to an industry-wide liquidity crisis — have made it next to impossible for Pakistani exporters to compete in…

Engineering evolution or devolution?

Across the world, the engineering industry is one of the significant contributors to the economy. However, in Pakistan, the engineering industry contributes only 0.86% to the GDP, highlighting a substantial…

No more business as usual—II

Known solutions to our problems start with merit-based governance and justice system adhering to our Constitution. Structural changes need to be made to existing layers of governance of local governments,…

Export sector: prohibitive energy costs

If the economy is to be stabilized, exports can no longer afford to pay for the energy sector’s failures and inefficiencies, and the government’s social obligations. Power tariffs in Pakistan…

Unraveling state of engineering industry

The industrial sector is unquestionably important to Pakistan’s economy, contributing significantly to its growth and development. With the manufacturing sector alone accounting for 12.4% of the nation’s GDP and employing 14.9%…

This crisis is a moment; Part – III

The current business-as-usual model continues to delay deregulation by repeated extensions, issuance of new/amended refinery policies. It will one day improve competitiveness, reduce demurrages and build our strategic and commercial…

Ramen and robes: a legal comedy

In a recently penned article, a capitalism-themed justification was provided for peanuts in paychecks for budding lawyers. To put it in Shakespearean words, ‘Verily, what a time to be a…