Albeit the stars are on our side during the Middle East escalations, nevertheless, the upcoming budget is projected to be presented as an enforcement document rather than a long-term economic plan, and as usual, there is no relief expected for the working class. Yet, the government is ambitious that Pakistan has achieved economic stability, and […]
PIA targets Gulf dominance with direct flights to Europe
Arif Habib, the Chairman of PIA Consortium told Daily Times, that the airlines of the Gulf countries are rich in resources with an ample number of airplanes, nevertheless, PIA can have a competitive advantage by commencing direct flights to London, instead of flying via Gulf countries. He indicated the commencement of operations sooner, as he […]
SMEs demand govt renegotiate with IMF on petroleum levy
The consecutively escalating petroleum prices are not only impacting the production cost but have also disrupting the upstream and downstream supply chain of the industrial sector. The recent increase in petrol and diesel prices by PKR 14.92 and 15 respectively has rung alarm across the country, mainly in its economic hub, Karachi. The issue is, […]
Business community urges govt for US tariff waiver
In view of Pakistan’s diplomatic strategy during the US-Iran War, Pakistan’s business community has urged the federal government to negotiate with the Trump Administration to waive off the reciprocal tariffs. The business community has also insisted the completion of the Iran-Pakistan Gas Pipeline (IP) to resolve the energy crisis. It is estimated that the 19% […]
Pakistani business leaders participate in Select USA Investment Summit
Another tremendous milestone has been achieved in Pak-US economic relationship, as a delegation of 16 Pakistani entrepreneurs and business leaders has arrived in National Harbor, Maryland, to participate in the SelectUSA Investment Summit, running from May 3 through May 6. The summit, billed as the premier event to promote foreign direct investment in the United […]
Labour watchdogs hit the sack as exploitation reaches peak
Liberalism, as a political philosophy was good, it gave the human race, or at least the Western Europe Enlightenment, replaced the obsolete medieval modes and means of production, paved the way for the new ideas like Marxism, Anarchism and various others. However, the history took a dark turn then, where philosophy and economics transformed into […]
FPCCI rings alarms as SBP tightens screws with 1% key rate hike
The State Bank of Pakistan (SBP) has raised the base interest rate by 1 percent to 11.50 percent, which will be effective from April 28th. According to the SBP, due to the prolonged war in the Middle East, global oil prices, freight costs and insurance premiums are continuously increasing, as well as the disruptions in […]
Tip of the Iceberg: Reko Diq region holds five times more gold
Balochistan Governor Sheikh Jaffar Khan Mandokhail, during his recent visit to Karachi, told Daily Times, that Reko Diq is still under process and rumors regarding its closure are erroneous. He said, Reko Diq is merely one portion, the same area has five times larger gold and copper reserves than the Reko Diq Project. While answering […]
Iran vows to continue diplomacy despite US ambivalence
Akbar Eissa Zadeh, the Consul General of the Islamic Republic of Iran told Daily Times, that despite the uncertain attitude of the US delegation in the first session of Islamabad Talks, Iran will always keep the doors open for talks. The US delegation wanted to get its demands fulfilled more than a ceasefire. Nevertheless, the […]
APTMA urges central bank to boost export credit
Amid the US-Iran War and the closure of Hormuz, the aftershocks of escalating oil prices are being witnessed in the already-crawling textile industry of Pakistan. The supply chain has been disrupted and the skyrocketing energy prices have even worsened the situation, resulting in the problems of liquidity. Kamran Arshad, the Chairman of All Pakistan Textile […]