Spending-spree empty coffers, Pak head towards bankruptcy

Dec 24, 2022

With the economy in a shambles and people in dire straits, bankruptcy stares Pakistan in the face as it is hit by useless spending,...

AI capex boom strains hyperscalers' cash flow as DRAM makers gain pricing power, says Jefferies

May 02, 2026

The AI infrastructure spending spree by US hyperscalers is showing signs of strain, with capital expenditure now consuming nearly all of their operating cash...

Pakistan sets aside PKR 1.52 trillion for defence spending

Jun 11, 2022

Islamabad [Pakistan], June 11 : Pakistani government has proposed an allocation of PKR 1.523 trillion for defence services for the fiscal year 2022-23, with...

Pakistani hate song exposes open bigotry for Hindu minorities over temple issue in Islamabad

Jul 12, 2020

Islamabad [Pakistan], July 12 : Ever since work on Islamabad's first Hindu temple began earlier this month, many Pakistanis have been on a spree...

Pakistan to allocate Rs 1.45 trillion to armed forces in next budget, an increase of 6 pc

Jun 05, 2022

Islamabad [Pakistan], June 5 : Pakistan's defence spending is likely to go up by 6 pc in the next budget.

Pakistan spending 66 per cent of forex on fuel imports

Nov 06, 2022

Amid surging energy prices worldwide due to the Russia-Ukraine war and deteriorating economy due to inflation and its depreciating currency, Pakistan is forced to...