Proceeds of first sustainable Panda Bond earmarked for water, energy, health sectors Finance Minister Muhammad Aurangzeb in an interview at the World Bank Spring Meetings 2026 with China Global Television Network’s program “The Heat”. PHOTO: SCREENGRAB ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb on Friday addressed the inaugural Panda Bond issuance ceremony at the Embassy…
KARACHI: Punjab’s manufacturing sector has undergone a significant structural shift over the past 50 years, moving away from traditional labour?intensive industries towards more mechanised, engineering?led and electrical manufacturing activities. Analysis of long?term industrial data from 1971?72 to 2020?21 shows a clear divergence in performance. While several older industries have stagnated or declined, sectors linked to…
KARACHI: Gold prices in Pakistan declined sharply on Friday, tracking a broad-based selloff in international markets, where bullion fell to a more than one-week low amid a stronger US dollar and rising Treasury yields. In the local market, the gold price per tola dropped to Rs476,862 after a steep decline of Rs15,500 during the day….
LAHORE: Punjab Governor Sardar Saleem Haider Khan has said that organising a series of single-country “Made-in-Pakistan” expos across different regions of the world can play a vital role in promoting the country’s products in global markets besides enhancing their export potential. Talking to a delegation of furniture manufacturers on Friday, led by Pakistan Furniture Council…
Says successful issuance reflects growing confidence of Chinese institutions, global investors Pakistan Finance Minister Muhammad Aurangzeb speaks during an interview at the International Monetary Fund and World Bank Group’s annual spring meetings in Washington DC, US, April 13, 2026, PHOTO: REUTERS Finance Minister Muhammad Aurangzeb on Saturday said Pakistan’s inaugural Panda Bond issuance marked a “transformational…
KARACHI: Pakistan’s short-term inflation accelerated sharply, with the Sensitive Price Indicator (SPI) rising 14.52% year-on-year for the week ended May 14, reflecting mounting pressure on household budgets from soaring fuel, wheat flour and utility costs owing to the spillover effects of the Israel-US war on Iran and supply disruptions. The weekly SPI also increased 0.47%…
The government wants to accelerate economic growth to lower rising poverty and unemployment, but the IMF was of the view that Pakistan has not yet reached a stage where it can afford sustainably higher economic growth. PHOTO: Reuters ISLAMABAD: The International Monetary Fund (IMF) has set the petroleum levy target for the next fiscal year…
Governor says remittances set to cross $41b, new currency notes sent to cabinet for approval KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad on Friday declared that Pakistan’s economy had undergone a remarkable turnaround over the last three years, with foreign exchange reserves soaring from a critically low $3 billion to $17 billion, remittances…
KARACHI: Renewable energy stakeholders have urged the Engineering Development Board to slash taxes on lithium battery cells to support domestic production and green energy adoption, according to a statement on Friday. Pakistan Renewable Energy Development Forum Chairman Irfan Allahawala said cells are taxed at 50%, discouraging local battery assembly. High duties keep battery prices elevated,…
KARACHI: The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) on Friday extended its losing streak, declining over 900 points to settle near 165,600 as selling pressure persisted throughout the week. The market witnessed a bearish run in every session in the outgoing week, resulting in a 3.2% week-on-week loss. Despite the downturn, analysts…