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IMF looking forward to working with new govt to ensure macroeconomic stability: official

The International Monetary Fund (IMF) has stated that it is looking forward to engaging with the new government on policies to ensure “macroeconomic stability and prosperity for all of Pakistan’s citizens”. The development comes a day after PTI Senator Ali Zafar told reporters that a letter would be sent from incarcerated party founder Imran Khan to the international lender urging it to call fo

Sazgar-GWM launch ORA 3 EV in Pakistan

ISLAMABAD: Sazgar Engineering, one of Pakistan’s leading car manufacturers, has partnered with Chinese car manufacturer Great Wall Motors (GWM) to introduce their latest innovation in the automotive industry, the electric vehicle ORA 3. “With cars being the primary mode of transportation in Pakistan and gasoline prices continuously rising due to global oil price hikes, there’s a clear and urgent n

Pakistan eyes $20b in trade with Saudi Arabia

ISLAMABAD: Observing that the current trade volume falls short of expectations, Caretaker Federal Minister for Commerce and Industry, Gohar Ejaz said that Pakistan aims to lift bilateral trade with Saudi Arabia upto $20 billion. Addressing the Pakistan-Saudi Business Forum in Riyadh on Thursday, the minister said that legislation would be enacted to promote bilateral investment between the two

Border challenges stall Pakistan-Afghanistan trade

PESHAWAR: Peshawar serves as the gateway to the Pakistan-Afghanistan border, facilitating the import and export of various products. The Torkham border acts as a pathway, enabling the expansion of trade between the two countries on a global scale. Pakistan and Afghanistan share a border spanning over 2,600 kilometres. Following the implementation of border fencing, illegal movements of goods

PBF calls for political finance minister

LAHORE: The Pakistan Business Forum (PBF) has said that entrusting a technocrat with the role of finance minister would pose significant challenges for the country amid the current economic climate. “Any technocrat may struggle to negotiate a deal that balances economic stabilisation with the growing hardships faced by the people, potentially raising concerns about conflicts of interest,” sa