Prime Minister Shehbaz Sharif on Thursday directed the authorities concerned to finalise a national industrial policy at the earliest, aiming to increase production and provide sustainable solutions to challenges facing the sector. Presiding over a meeting on the promotion of the industrial sector, the premier stressed that the policy must be completed in consultation with all relevant stakehol
The Privatisation Commission has taken significant steps in advancing its reform agenda by initiating the process for the appointment of financial advisers for four power distribution companies and two power generation plants, while also receiving expressions of interest (EoIs) from eight parties seeking management control of Pakistan International Airlines Corporation Ltd (PIACL). These develo
The Privatisation Commission has taken significant steps in advancing its reform agenda by initiating the process for the appointment of financial advisers for four power distribution companies and two power generation plants, while also receiving expressions of interest (EoIs) from eight parties seeking management control of Pakistan International Airlines Corporation Ltd (PIACL). These develo
The government has flagged a series of critical risks to next year’s budget and medium-term outlook, including slower than targeted GDP growth, inflation shocks, exchange rate volatility, lower revenue buoyancy, debt servicing costs, poor performance of state-owned entities (SOEs) and unexpected climatic and other natural disasters. In a written statement on fiscal risks placed before parliame
The stock market suffered mild losses on Tuesday as jittery investors opted to take profits amid rising geopolitical tensions in the Middle East. Ahsan Mehanti from Arif Habib Corporation reported that stocks closed lower due to a decline in global equities, driven by geopolitical uncertainty and the State Bank of Pakistan’s decision to maintain the key policy rate amid inflationary pressures f