The Ministry of Finance clarified on Sunday that the recently highlighted structural benchmarks under Pakistan’s IMF Extended Fund Facility (EFF) are part of a phased, medium-term reform agenda agreed with the Fund, rather than abrupt or new conditions. The clarification comes after recent commentary describing the 11 benchmarks as “new conditions.” The Finance Division said the measures bui
Pakistan’s textile and apparel sector is approaching a critical point, with widespread layoffs and factory closures looming due to rising costs and weakening export momentum, the Pakistan Textile Council (PTC) Chairman Fawad Anwar has warned. According to a press release, textile and apparel exports reached $7.84 billion during July-November FY26, up 2.8% from the same period last year. Howe
Quality cotton prices have maintained stability while the spot rate has recorded an increase of one hundred rupees. However, a significant decline has been observed in trading volume, which is having negative impacts on the overall performance of the industry. The textile and cotton industry is currently facing the worst economic crisis in the country’s history. Ehsan-ul-Haq, Chairman of the Gi
The provincial government of Khyber Pakhtunkhwa has successfully completed three hydropower projects of 63 megawatt (MW) electricity generating capacity; Rs.4.4 billion per annum for the province. Furthermore, the pace of work has also been accelerated on laying a 40-kilometer transmission line on the Swat Corridor, which will be completed next year and with its completion, cheap electricity pr
Advisor to KP CM on Finance Muzzammil Aslam has alleged that the flopped policies of the rulers have brought the country to brink of economic disaster and current year is ending with the highest unemployment in the country in 21 years, and highest poverty level of 78 years. In a statement here on Sunday, he said that Prime Minister Shehbaz Sharif has made 38 foreign trips in the past 22 months.