The Power Division has announced that the industrial cross-subsidy burden has been reduced from Rs225 billion (Rs8.9 per unit) in March 2024, when the current government took charge, to Rs102 billion (Rs4.02 per unit) now, which represents a substantial reduction of Rs123 billion. The industrial tariff, including tax, dropped from Rs62.99 per unit in March 2024 to Rs46.31 per unit by December 2
Pakistan's textile sector has entered 2026 at a defining juncture, with its long-standing export model facing mounting pressure from tightening global regulations, intensifying competition and domestic cost constraints. After a modest recovery in 2025 that lifted textile exports to around $17.85 billion, industry leaders now warn that the sector's preferential access to European markets under the
Deputy Prime Minister Ishaq Dar said on Wednesday that International Monetary Fund (IMF) programmes were generally anti-growth, adding that the focus of Prime Minister Shehbaz Sharif's government from now onwards would be on increasing national output. Dar's speech at the Pakistan Policy Dialogue reflected growing pressure on the government to allow the economy to grow after a prolonged period
Positive sentiments returned to the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 900 points during the opening minutes of trading on Thursday. At 9:35am, the benchmark index was hovering at 183,516.47, an increase of 946.66 points or 0.52%. Buying interest was observed in key sectors, including automobile assemblers, cement, commercial banks, fertilizer, oil a
Consul General of the Republic of Turkiye in Karachi, Ergul Kadak has emphasised that tourism represents a “low-hanging fruit” for Pakistan’s economic growth, which, if developed properly, could significantly reduce Pakistan’s dependence on external financial assistance from the IMF. Speaking at a meeting held at the Karachi Chamber of Commerce & Industry (KCCI), the Turkiye consul general, whi