An International Monetary Fund mission will arrive in Islamabad next week to discuss around $1 billion in climate financing for Pakistan, an adviser to the finance minister said on Thursday. Khurram Schehzad told Reuters that the mission would visit from Feb 24 to 28 for a “review and discussion” of climate resilience funding. The disbursement will take place under the Fund’s Resilience and
US President Donald Trump suggested on Wednesday that a trade deal was “possible” with China — a key target in the US leader’s tariffs policy. In 2020, the United States had already agreed to “a great trade deal with China” and a new deal was “possible”, Trump told reporters aboard Air Force One. Asked about the comments, Beijing’s foreign ministry said Thursday the two countries should hand
US President Donald Trump suggested on Wednesday that a trade deal was “possible” with China — a key target in the US leader’s tariffs policy. In 2020, the United States had already agreed to “a great trade deal with China” and a new deal was “possible”, Trump told reporters aboard Air Force One. Asked about the comments, Beijing’s foreign ministry said Thursday the two countries should hand
The Large-Scale Manufacturing (LSM) sector contracted 1.87 per cent year-on-year in the first half of 2024-25, the Pakistan Bureau of Statistics data showed on Thursday. The big industry production has seen a negative trend since August 2024, except in October, due to domestic and global factors. The LSM grew positively from December 2023 to May 2024 before entering negative territory in June.
The profit outflows slightly decreased in January but were still higher by 90 per cent in the first seven months of FY25, according to State Bank of Pakistan (SBP) data released on Thursday. Despite the country’s challenges on the external front amid falling foreign exchange reserves, the central bank kept allowing the repatriation of profits on foreign investments. The outflow of profits and d