News

An emerging binding constraint

The growth of the agriculture sector largely depends on crop yield improvements, which are influenced by several factors. Among these, the nationwide availability of, and farmers’ access to high-yielding, climate-resilient seeds stands out as the most critical determinant of yield, assuming all other conditions remain constant. History bears this out. The real driving force behind the Green Rev

BusCaro raises $2m to tackle tricky mobility sector

Venture capital is starting to trickle back into Pakistan. In the latest round, Mobility startup BusCaro raised $2 million last week, bringing its total funding to $3.5m. The round was led by UAE-based Daman Investments, with participation from US/Saudi Cartography Capital, New York’s Epic Angest, UK’s Wahed Ventures, the Aga Khan Development Network’s Accelerate Prosperity, and a mix of angel

US-China step into a new phase

With the spotlight turning away from the unilateral US tariffs and onto the future of TikTok in America, China seems to have dominated the latest round of the ongoing trade talks with Washington. At the conclusion of the Madrid round last week, both China and the US said they had reached a basic framework consensus on resolving the TikTok dispute, alongside commitments to reduce investment barr

Pakistan to begin Rabi with record levels of stored water

After many years, Pakistan will begin the upcoming Rabi season with healthy carryover water storage of more than 13 million acre feet (MAF) in reservoirs, which may partially offset agriculture output losses caused by floods in the outgoing Kharif season. “We expect water situation in Rabi season to be normal after many years”, said an official, adding that any shortage “will be minimal, bearab

Pakistan poised to meet IMF targets

Pakistan is expected to meet all seven Quantitative Performance Criteria (QPC) set by the International Monetary Fund (IMF) ahead of the second semi-annual review of the country’s Extended Fund Facility (EFF) programme, according to Topline Securities’ report released on Saturday. The IMF team is scheduled to visit Pakistan on Sept 25 to review the country’s performance under the $7 billion EFF