The Gilgit-Baltistan (G-B) government presented a delayed full-year budget of Rs218.845 billion for fiscal year 2026-27 on Tuesday. The budget carries a deficit of more than Rs52 billion and the government is seeking additional funds from the federal government to meet various liabilities. In July, the G-B government had presented an interim budget of Rs20.478 billion for the first quarter of F
Automotive industry stakeholders and policy experts have raised concerns over apparent contradictions in official government data, warning that flawed statistics could result in resource misallocation and adversely affect Pakistan’s two-wheeler manufacturing ecosystem. The concerns centre on the recently published Pakistan Climate Prosperity Plan (CPP), a government blueprint aimed at addressin
Pakis-tan’s power-market reforms must translate into a commercially viable, reliable and transparent energy system if the country’s export-oriented textile sector is to remain competitive while meeting growing demands for energy efficiency, renewable-energy integration and industrial decarbonisation. Stakeholders expressed these views during a dialogue titled “Threads of Accountability: Traceab
Oil prices slid to their lowest in more than a week on Monday on hopes diplomacy in the Iran war will get a chance this week amid a UN meet and as investors eyed a partial recovery in shipments from Saudi Arabia despite ongoing attacks by Yemen’s Houthis. Brent crude futures and US West Texas Intermediate crude touched their lowest since September 10 earlier on Monday, with Brent at $101.71 a
Gold prices slipped on Monday as market participants assessed developments in the Middle East and their implications for inflation and interest rates. Spot gold fell 0.3% to $4,362.60 per ounce by 0417 GMT after hitting a one-week high on Friday. US gold futures were down 0.6% at $4,400.20. Iran and the United States exchanged new threats, with President Donald Trump warning Iran would fa