Special Assistant to the Prime Minister (SAPM), Haroon Akhtar Khan, visited the site of Suzuki’s proposed biogas plant at Manga Mandi, Lahore, on Saturday. He was warmly received by Suzuki’s Managing Director, Hiroshi Kawamura. During the visit, Khan praised Suzuki’s initiative, calling it an essential step toward a clean energy future for Pakistan. Khan emphasized […]
Business
PSX declines 1.6% amid geopolitical tensions and economic concerns
On Monday, the market saw a significant gain, with the KSE-100 index rising 1,068 points due to positive earnings announcements. However, sentiment shifted on Wednesday when the index dropped 1,204 points, as the IMF and World Bank lowered Pakistan’s GDP growth forecast. Investor confidence continued to decline, worsened by the geopolitical uncertainties. The market continued […]
India faces $1.14 billion trade loss due to restrictions on Pakistan routes
India is set to incur trade losses of approximately $1.14 billion due to restrictions on using Pakistani routes for trade. The Pakistan Business Forum (PBF) highlighted that India’s exports to Pakistan between April 2024 and January 2025 amounted to $500 million. However, the trade flow has been disrupted, and imports from India were much smaller, […]
California becomes world’s fourth-largest economy, surpassing Japan
California has overtaken Japan to become the world’s fourth-largest economy, Governor Gavin Newsom announced. The state’s GDP reached $4.1 trillion, edging past Japan’s $4.02 trillion, based on IMF and BEA data. With a 6% growth rate in 2024, California outperformed major economies like China and Germany. Over the past four years, its economy grew at […]
Pakistan’s cement exports soar by 28% in first nine months of FY25
Pakistan’s cement exports have surged by 28.19% in the first nine months of the fiscal year 2024–25. According to the Pakistan Bureau of Statistics (PBS), exports totaled $230.067 million, up from $179.472 million last year. This growth reflects strong global demand and improved production capabilities. In terms of volume, cement exports rose by 39.91%. This […]
Gold prices slide after hitting record highs in Pakistan
Gold prices experienced a slight drop on Friday, following a recent surge to historic highs. In the international bullion market, gold fell by $3 per ounce and settled at $3,326. This decline led to a modest correction in Pakistan’s local market as well. In Pakistan, the price of 24-carat gold decreased by Rs300 per tola, […]
Government raises Rs1.22 trillion through T-bills and bonds auction
The federal government has successfully raised Rs1.22 trillion by auctioning Treasury bills (T-bills) and Pakistan Investment Bonds (PIBs). The State Bank of Pakistan reported strong demand, receiving bids worth Rs1.73 trillion for T-bills and Rs1.59 trillion for PIBs. This reflects growing investor interest amid uncertain economic conditions. In the latest T-bill auction, the government accepted […]
Opportunity amidst chaos: rethinking Pakistan’s industrial policy after Trump’s trade war
President Donald Trump’s trade policies have disrupted decades of economic norms, raising questions about the future of free trade. His tariffs on major trading partners challenge the principles established by the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO). These changes may present a unique chance for countries like Pakistan […]
Taiwan extends short-selling ban to calm markets after US tariff shock
Taiwan has extended its short-selling restrictions for another week to stabilize its stock market after recent US tariff turmoil. The move follows sharp market swings triggered by the tariff announcement and a brief rebound after President Trump paused the policy. The Financial Supervisory Commission said the short-selling curbs helped stop panic selling and brought some […]
Pakistan invites investment to tap into trillions in mineral resources
Prime Minister Shehbaz Sharif has encouraged local and foreign investors to explore Pakistan’s vast mineral resources. These resources are valued at trillions of dollars. During the Pakistan Minerals Investment Forum 2025 in Islamabad, he expressed hope that utilizing these resources could help reduce dependency on the IMF. He emphasized the need to process and export […]