Pakistan should accelerate the shift from imported coal to indigenous Thar lignite not as an ideological posture but as pragmatic economic policy. The numbers are compelling: studies show that greater use of local coal can lower electricity generation costs and shave as much as PKR 3 per unit off tariffs, while reducing import bills by […]
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Chinese firm installs weather, tidal monitoring station at Gwadar Port
China Harbour Engineering Company (CHEC) has completed the installation of a weather and tidal monitoring station at Gwadar Port. The team responsible for the installation included associate researcher Ding Ruibin, senior engineer Liu Yihu, engineer Yao Guipeng, assistant engineer Li Fangzhen, engineer Amir Nazeer, and engineer Sabir Hanif, according t9 a report carried by Gwadar […]
Karsaz night — a wound that never heals
18 October 2007… This day will forever be remembered in the history of Pakistan. The day when the streets of Karachi were flooded with a sea of people. The city of lights, Karachi, decorated after years for a grand political welcome, had become a cradle of joy and hope. Flags, banners, chants, and smiles on […]
Motorway’s Jalalpur section reopens after restoration
The section of the motorway located about three kilometers beyond the Jalalpur Pirwala Interchange has been reopened for all types of traffic after successful repair and restoration efforts. Deputy Commissioner (DC) Waseem Hamid Sindhu said that during the severe floods that hit Jalalpur Pirwala last month, the district administration took timely and emergency measures that […]
SBP governor briefs foreign investors on improving economic outlook
Governor of the State Bank of Pakistan, Jameel Ahmad, highlighted Pakistan’s improving macroeconomic outlook during high-level meetings with senior executives from global financial and investment institutions, including JP Morgan, Standard Chartered, Jefferies, Barclays, Citibank, Bank of America Securities, and major credit rating agencies. These engagements took place on the sidelines of the IMF-World Bank Annual […]
Finmin projects 3.5-4% GDP growth despite flood damages
Finance Minister Muhammad Aurangzeb has projected Pakistan’s economic growth between 3.5 and 4 percent for the current fiscal year despite the severe impact of recent monsoon floods that devastated farmland, displaced over four million people, and killed over 900 across the country. In an interview with Bloomberg, the finance minister said the initial assessments showed […]
Rupee gains 1 paisa against dollar
The Rupee on Friday appreciated by 01 paisa against the US Dollar in interbank trading and closed at Rs 281.10 compared to the previous day’s closing of Rs 281.11. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the Dollar in the open market were recorded at Rs 282.65 and […]
PSX loses 638 points
The Pakistan Stock Exchange (PSX) witnessed bearish trend on Friday, as the benchmark KSE-100 index lost 638.50 points, showing a negative change of 0.39 percent, closing at 163,806.22 points against 164,444.72 points on the previous trading day. A total of 1,978,654,033 shares were traded during the day compared to 3,078,369,285 shares on the previous day, […]
Gold price rises to Rs 456,900/tola
The price of per tola 24 karat gold witnessed a massive increase of Rs 14,100 on Friday, reaching all time high to Rs 456,900 compared to Rs 442,800 on the previous trading day, according to the All Pakistan Sarafa Gems and Jewellers Association. Likewise, the price of 10 grams of 24 karat gold surged by […]
SBP governor’s report highlights economic stability, flags global and domestic risks
Pakistan’s macroeconomic conditions strengthened further in FY25, supported by a prudent monetary policy stance and sustained fiscal consolidation that led to a sharp drop in National CPI (NCPI) inflation. Meanwhile, the financial system remained resilient and real GDP growth edged higher, according to the Governor’s Annual Report (GAR) for FY25 of (GAR) of the State […]