Money matters to all of us in Pakistan. You work hard every day to earn it. You want to save some money for your family. You might want to borrow money to grow your shop. Prices go up and down all the time. One big tool controls how money moves in our country. That tool is the interest rate. It shapes our daily lives more than we think. If you run a small business in Lahore, interest rates affect your shop rent, your bank loans, and your daily costs. If you are a young professional in Karachi, interest rates change how much profit you earn on your bank savings. Let us look at how this system works in simple words. What is an Interest Rate and Who Sets It? An interest rate is the cost of borrowing money. It is also the reward you get for saving money. Think of it as the rent you pay when you borrow cash from a bank. You want to buy a new car or a new delivery van for your business. The bank gives you the money today. You must pay back the original amount plus extra money. That...
Power cuts are a normal part of life for many people in our country today. You flip the switch, but the light does not turn on. We face dark rooms and quiet fans for hours every single day. This problem did not start yesterday. It has a long history that goes back many years. When we look at the Pakistan news archive , we see that energy shortages have troubled families for a very long time. Let us look back at how this big mess began and why it still hurts us now. The Early Years and Growing Pains Back in 1947, our country had very few power plants. We inherited a weak system from the British rulers. Cities like Lahore and Karachi had small grids. Most villages had no electricity at all. The government tried to build new dams in the 1950s and 1960s. Mangla Dam and Tarbela Dam brought great hope. These big projects made cheap power from water. For a short time, factories ran smoothly and homes stayed bright. Demand grew faster than supply. The population went up quickly. More...