FPCCI Opposes Rs268 Billion Power Tariff Burden on Consumers
ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has formally opposed the proposed Rs268 billion burden on consumers, sought by former...
Business
Textile Exporters Warn of Significant Decline Amid Rising Costs and Demand Drop
ISLAMABAD: Textile exporters in Pakistan are sounding the alarm over a potential steep decline in exports during the upcoming second quarter (October-December) of the...
World Bank Engages Dozens of Nations in Crisis Aid Discussions Amid Global Shocks
WASHINGTON: The World Bank is currently in discussions with numerous countries to provide crisis aid in response to ongoing global economic shocks. These talks...
Global Economic Growth Projected to Slow Amid Rising Barriers
ISLAMABAD: Global economic growth is set to decelerate to 2.6 percent in 2026 and 2.7 percent in 2027, down from 2.9 percent in 2025,...
IMF Borrowers Face Rising Debt Distress Amid Growing Financial Strain
WASHINGTON: Nearly half of the countries eligible for concessional financing from the International Monetary Fund (IMF) are currently grappling with debt distress or are...
Cement Prices Surge by Rs201 per 50kg Bag, Impacting Construction Costs
KARACHI: Cement manufacturers have raised prices by up to Rs201 per 50kg bag over the past year, significantly impacting construction costs, according to data...
Khyber Pakhtunkhwa Launches Six-Year Fiscal Reform Program with World Bank
ISLAMABAD: Khyber Pakhtunkhwa (KP) is set to initiate a comprehensive six-year fiscal reform program, supported by a $200 million loan from the World Bank,...
Finance Minister Aurangzeb Leads Pakistan Delegation to IMF, World Bank Meetings
ISLAMABAD: Finance Minister Muhammad Aurangzeb is set to depart for Bangkok on Saturday to lead Pakistan’s delegation at the annual meetings of the International...
China Launches National Blockchain Network Development in Economic Strategy
BEIJING: China has officially ordered the development of a national blockchain network as part of its latest economic blueprint, aiming to enhance digital infrastructure...
Brazil Extends Petrol Tax Relief by One Month to Curb Inflation
BRASILIA: The Brazilian government has officially announced a one-month extension of its federal tax relief measures on petrol, aiming to shield consumers from volatile...