economy

Economy and the area of production, distribution, trade, and consumption of goods and services.

Solar Users to Pay Full Electricity Unit Price Under Latest Net-Billing Rule. AI-Generated.
Islamabad: In a major policy shift aimed at restructuring the country’s power sector, the government has announced a new net-billing mechanism that will require solar energy users to pay the full electricity unit price for power consumed from the national grid. The move replaces the long-standing net-metering system and has sparked widespread debate among consumers, industry experts, and renewable energy advocates.
By Ayesha Lashariabout 2 hours ago in Journal
Abu Dhabi Economy Records Strong Growth in Third Quarter. AI-Generated.
Introduction Abu Dhabi’s economy recorded its strongest third-quarter growth on record, according to official figures released by authorities in the United Arab Emirates. The data points to sustained expansion across both oil and non-oil sectors, reflecting the emirate’s long-term economic diversification strategy. The performance comes at a time when many global economies face uncertainty, highlighting Abu Dhabi’s relative stability.
By Saad about 5 hours ago in Journal
US Earmarks $1.3 Billion for Reko Diq Mining Project. AI-Generated.
The United States has earmarked $1.3 billion in financing support for Pakistan’s Reko Diq mining project, marking one of the most significant foreign commitments to the country’s extractive sector in decades. Located in Balochistan, Reko Diq is among the world’s largest undeveloped copper and gold deposits. The US move is being widely viewed not only as an economic boost for Pakistan, but also as a strategic step in the global race to secure critical minerals essential for clean energy technologies, defense systems, and advanced manufacturing.
By Sadaqat Aliabout 13 hours ago in Journal
Coin Shops Overflow with Precious Metals as Gold and Silver Supply Surges. AI-Generated.
In recent months, coin shops and precious metal dealers across the country have found themselves facing an unexpected challenge: too much gold and silver. Once accustomed to scrambling for inventory to meet rising demand, many dealers now report being “swamped” with sellers eager to cash in their holdings. As a result, several shops have begun limiting purchases, delaying payouts, or temporarily turning away customers.
By Asad Aliabout 18 hours ago in Journal
🪙 Coin Shops Are Drowning in Precious Metals. AI-Generated.
In early 2026, something unusual began happening in local coin shops across the United States: instead of being short on gold and silver, dealers suddenly found themselves swimming in it. Throughout the normal flow of precious metals — from individual sellers to dealers to refiners and back into the market — one link broke, and the business dynamics changed almost overnight. What looks like a collection of small shops suddenly holding too much inventory is actually a symptom of deeper price volatility and market bottlenecks. To understand what’s going on, we need to break down how the system works, why it’s overwhelmed right now, and what all this means for anyone interested in precious metals or collecting coins. The Normal Cycle: How Precious Metals Flow Through the System To the average person, a coin shop may seem like a simple place where people buy and sell gold and silver coins. In reality, these shops are the middlemen in a much bigger system. Here’s how it normally works: Individuals bring gold and silver — old coins, scrap jewelry, bullion bars — to the dealer to sell when prices are high or they want cash. Dealers buy the metals and categorize them, often paying sellers based on spot prices for gold and silver. Dealers sell some inventory to other buyers — investors, collectors, or people looking for physical metals. Bulk inventory and scrap go to refineries, which melt and refine the metals so they can be reused in bullion or industrial products. This keeps a balance. Shops aren’t meant to hold massive amounts of metal indefinitely — they are conduits to move it through the market. What Changed in 2026: Big Price Swings and Sudden Selling In early 2026, prices for gold and silver experienced sharp spikes, reaching record or near‑record levels. When precious metals surge in value, everyday holders — not just big investors — often see an opportunity to cash in. People pulled out old coins and jewelry they had forgotten about. Hobbyist holders sold off parts of their collections. Even casual savers decided to liquidate because the prices looked “too good to miss.” The result? A massive increase in people bringing gold and silver to coin shops. Normally this would be manageable — dealers buy and sell regularly, and excess is moved to refiners. But something else happened at the same time… The Bottleneck: Refineries Can’t Keep Up Refineries — the businesses that refine and recycle precious metals — have limited capacity and work on contract schedules. When coin shops suddenly have much more metal than usual, refiners can become overwhelmed. In early 2026, many refineries: Reached full capacity due to the sudden surge in metal. Paused or slowed down buying from dealers because their processing lines were backed up. Delayed refining orders because of supply chain delays and labor constraints. This created a critical bottleneck: the metal couldn’t move out of the coin shops fast enough. Inventory piled up, and shops were left holding far more metal than they normally would. Why Coin Shops Seem “Overloaded” With refineries not buying metal as quickly, coin shops have effectively become long‑term holders — which they never intended to be. A typical coin shop’s cash flow depends on buying metal and then selling it on to others or to refiners. When that second step slows or stops: Cash flow tightens — shops can’t recycle their inventory into new buying power. Storage becomes a challenge — space fills up with unsold metal. Risk increases — prices might drop while the shop is still holding a large stockpile. As a result, many shops have responded by: Limiting how much metal they will buy per person per day. Temporarily pausing purchases of certain metals, especially silver, which is often heavier and harder to store. Raising their offer prices more slowly than spot price changes to protect their business. This makes it appear that demand from shops is low — but that’s not actually what’s happening. The demand is there, but the shops can’t process excess inventory the way they normally would. What This Means for Sellers If you were planning to sell gold or silver during this period, you might have noticed: ✅ Shops offering less money than expected ❌ Limits on how much metal they’ll buy at once ⏳ Delays in getting paid (in some cases) For sellers, this means patience matters. The market hasn’t lost interest in precious metals — but the current supply chain bottleneck means you might need to: Visit multiple dealers Sell in smaller batches over time Wait for refiners to catch up before shops resume normal buying patterns What This Means for Buyers and Collectors For buyers — whether hobbyists, collectors, or investors — this situation can actually be an opportunity: 📌 Dealers with excess inventory might be more willing to negotiate prices to free up space and cash. 📌 Collectors looking for specific coins might find greater selection than usual. 📌 Investors who buy physical metals could benefit from slower selling markets. However, buyers should still be cautious: ⚠️ Not all inventory is priced fairly — especially if a shop is trying to move metal quickly. ⚠️ Market prices for gold and silver can still fluctuate dramatically. Research and comparison shopping remain important. Will This Situation Last? Short‑term, coin shops will likely continue to be overloaded while refineries work through the backlog. The bottleneck won’t disappear overnight — refinery capacity can’t instantly expand, and labor shortages or equipment constraints take time to resolve. But the market is adaptable: 🔄 As refiners clear inventories, dealers will once again be able to sell excess metal. 📈 Prices that initially spiked and corrected could become more stable. 💡 Some shops may diversify how they operate to avoid future bottlenecks. In the long run, this unusual period may lead to stronger systems for managing inventory and price volatility. Final Takeaway The story of coin shops drowning in precious metals isn’t about a lack of demand. It’s about a disruption in the supply chain — an overwhelmed system that went from balanced to backed up almost overnight. From skyrocketing prices to sudden selling surges to refinery bottlenecks, every part of the chain shared the stress. But the end result isn’t doom — it’s a market adjusting to a rare economic moment. For sellers, patience and strategy matter. For buyers and collectors, opportunity and caution go hand in hand. And for everyone watching the precious metals world, this period will be studied for years to come as a case study in market dynamics.
By Abid Aliabout 18 hours ago in Journal
Coin Shops Say They’re Swimming in So Much Silver and Gold That They’re Having to Limit Purchases. AI-Generated.
Introduction: A Strange Problem in the Precious Metals Market It sounds like a dream scenario for any business — having too much valuable inventory. But for many coin shops across the United States, that’s exactly the problem they’re facing right now.
By Sajida Sikandarabout 18 hours ago in Journal
Coin Shops Are Drowning in Precious Metals. AI-Generated.
Start writing...Across the country, coin shops are reporting an unusual problem: they have too much gold and silver. Dealers say they are “swimming” in precious metals as a wave of sellers floods the market, forcing many shops to limit purchases, delay payments, or temporarily stop buying altogether. The trend reflects shifting investor sentiment, economic uncertainty, and changing attitudes toward physical assets in a volatile financial landscape.
By Ayesha Lashariabout 18 hours ago in Journal
Gold, Silver Worth Rs880 Million Seized at Islamabad Airport. AI-Generated.
In a significant anti‑smuggling operation at Islamabad International Airport, Pakistan Customs officials have seized gold and silver valued at over Rs880 million from two passengers arriving on a flight from Dubai. The seizure — one of the largest in recent months at any airport in the country — underlines both the growing sophistication of smuggling attempts and the enhanced vigilance of customs authorities at major entry points.
By Sadaqat Aliabout 24 hours ago in Journal
Why Prince William’s Saudi Arabia Visit Is a Diplomatic Maze. AI-Generated.
Prince William’s visit to Saudi Arabia has drawn significant international attention, not simply because of his status as the British heir to the throne, but because the Kingdom itself represents one of the most complex diplomatic landscapes in the world today. Every handshake, meeting, and public statement during such a visit carries layered political meaning. For Britain, Saudi Arabia is simultaneously a vital strategic partner and a source of persistent controversy, making any high-profile engagement a careful diplomatic balancing act.
By Sadaqat Ali2 days ago in Journal
Crypto Glitch Sends $44 Billion in Bitcoin to Users by Mistake: A Wake-Up Call for the Digital Asset Industry
Cryptocurrency has long been promoted as the future of finance—fast, decentralized, transparent, and secure. But a recent incident, in which a crypto platform accidentally sent $44 billion worth of Bitcoin to users due to a technical glitch, has shaken confidence in the digital asset industry. The staggering mistake has sparked debates across the global financial and tech communities. How could such a massive error happen? What does it mean for crypto investors, platforms, and regulators? And most importantly, what lessons must the industry learn to prevent similar disasters in the future? This article explores the incident, the risks it exposed, and why it serves as a critical wake-up call for the cryptocurrency world. What Happened: The $44 Billion Bitcoin Glitch According to reports, a crypto platform experienced a serious technical malfunction that mistakenly transferred an enormous amount of Bitcoin—valued at around $44 billion—to users’ accounts. The glitch reportedly occurred due to an automated system error, possibly linked to smart contracts, transaction algorithms, or internal accounting software. Instead of processing normal payouts or transfers, the system executed unintended transactions on a massive scale. While some of the funds were reportedly recovered or reversed, the incident raised alarms about the reliability of automated financial systems in the crypto space. How Such Errors Can Occur in Crypto Systems Unlike traditional banks, cryptocurrency platforms rely heavily on automated systems, smart contracts, and decentralized ledgers. While these technologies are innovative, they are also complex and vulnerable to bugs and human errors. Some common causes of such glitches include: Software Bugs: Coding errors in smart contracts or transaction scripts can trigger unintended transfers. System Integration Failures: Issues between internal systems and blockchain networks can cause incorrect calculations. Human Error: Misconfigured settings or incorrect updates can lead to massive financial mistakes. Lack of Testing: Insufficient testing before deploying updates can result in catastrophic failures. In traditional banking, multiple layers of verification often prevent such errors. In crypto, automation can amplify mistakes at lightning speed. The Risks for Users and Platforms The $44 billion glitch highlights serious risks for both crypto users and platforms. For Users: Uncertainty and Confusion: Unexpected funds can create legal and ethical dilemmas. Account Freezes: Platforms may freeze accounts during investigations, affecting legitimate users. Trust Issues: Such incidents reduce confidence in crypto services. For Platforms: Financial Losses: Recovering funds is difficult, especially if users withdraw them quickly. Legal Challenges: Platforms may face lawsuits, regulatory scrutiny, and fines. Reputation Damage: Trust is critical in finance, and such errors can permanently harm a platform’s credibility. Crypto vs Traditional Banking: A Comparison In traditional banking systems, errors do occur, but safeguards are more established. Banks have: Multiple approval layers Regulatory oversight Insurance protections Reversal mechanisms In contrast, cryptocurrency transactions are often irreversible, decentralized, and less regulated. While this offers freedom and transparency, it also increases risk. The $44 billion glitch shows that crypto platforms must adopt stronger risk management practices similar to traditional financial institutions. Regulatory Implications This incident is likely to strengthen calls for stricter crypto regulation worldwide. Governments and financial authorities have long expressed concerns about the lack of oversight in the digital asset industry. Potential regulatory responses may include: Mandatory security audits Compliance requirements for exchanges Stronger consumer protection laws Reporting standards for technical incidents While some crypto enthusiasts oppose regulation, incidents like this demonstrate why oversight is necessary to protect investors and maintain market stability. The Role of Automation and AI in Crypto Automation and artificial intelligence are increasingly used in crypto trading, transaction processing, and fraud detection. While these technologies improve efficiency, they also introduce new risks. A single algorithmic error can trigger massive financial consequences, as seen in this case. This highlights the need for: Robust testing frameworks Human oversight Fail-safe mechanisms Gradual deployment of updates Technology should enhance security, not replace accountability. Ethical Questions: What Should Users Do? One of the biggest ethical questions arising from this incident is what users should do if they receive funds by mistake. Legally and ethically, receiving money due to a technical error does not make it yours. Most jurisdictions require individuals to return mistakenly transferred funds. However, crypto’s decentralized nature makes enforcement challenging. This raises concerns about accountability, fairness, and the moral responsibilities of crypto users in a decentralized financial system. Lessons for the Crypto Industry The $44 billion Bitcoin glitch offers several important lessons: Security First: Platforms must prioritize security and reliability over rapid innovation. Comprehensive Testing: All updates should undergo extensive testing before deployment. Human Oversight: Automation should be monitored by skilled professionals. Transparency: Platforms must communicate openly with users during incidents. Regulatory Cooperation: Collaboration with regulators can help prevent systemic risks. Without these measures, the crypto industry risks losing public trust. Impact on Investor Confidence Investor confidence is crucial for any financial system. High-profile incidents like this can scare both retail and institutional investors. While crypto markets have survived hacks, scams, and collapses in the past, repeated technical failures could slow adoption and invite stricter regulations. However, some experts argue that such incidents are part of the growing pains of a young industry. They believe that lessons learned will lead to stronger, more secure platforms in the future. The Future of Digital Assets After the Glitch Despite the alarming nature of this event, cryptocurrency is unlikely to disappear. Blockchain technology continues to offer significant benefits, including transparency, decentralization, and financial inclusion. However, the industry must mature. This means: Building enterprise-grade infrastructure Educating users about risks Strengthening governance frameworks Balancing innovation with responsibility Only then can crypto fulfill its promise as a reliable global financial system. Conclusion The accidental transfer of $44 billion in Bitcoin due to a technical glitch is more than just a shocking headline—it is a powerful reminder of the vulnerabilities in the digital asset ecosystem. While cryptocurrency has revolutionized finance, it is still a developing technology that requires robust safeguards, ethical standards, and regulatory frameworks. This incident exposes the dangers of unchecked automation and highlights the urgent need for stronger security practices. For investors, platforms, and regulators alike, this glitch should serve as a turning point. The future of crypto depends not only on innovation but also on trust, accountability, and resilience.
By Abid Ali2 days ago in Journal
The Panama Canal Is Forgotten: A New Interoceanic Corridor Opens That Will Change Global Trade. AI-Generated.
For more than a century, the Panama Canal has stood as one of the most important arteries of global trade. Since its opening in 1914, the canal has linked the Atlantic and Pacific Oceans, saving ships weeks of travel around South America and becoming a symbol of engineering brilliance and geopolitical power. Yet today, a growing number of experts argue that the Panama Canal is no longer the uncontested king of interoceanic trade. A new generation of interoceanic corridors—combining rail, road, port, and pipeline infrastructure—is emerging, with the potential to reshape global trade flows and reduce reliance on the historic waterway.
By Sadaqat Ali2 days ago in Journal
China’s Central Bank Keeps Buying Gold as the Bull Market Cools. AI-Generated.
While global gold prices are taking a breather after a historic rally, China is sending a clear message to the world: its commitment to gold remains firm. The People’s Bank of China (PBoC) has continued to increase its gold reserves, reinforcing a long-term strategy aimed at protecting financial stability, reducing reliance on the U.S. dollar, and preparing for a more fragmented global economic order.
By Adil Ali Khan2 days ago in Journal