The Cobra Effect refers to the unintended negative consequences of an incentive that was designed to improve society or individual well-being. The term derives from an attempt to eradicate snakes in India, wherein people bred cobras to collect rewards for their capture.
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Corporate profits down 1% in 2024, but some sectors soar
Energy was the biggest drag, driven by volatile prices and demand; absent that laggard, profits at Corporate Pakistan rose 8% in 2024
