Pakistan’s exports to European countries grew 8.18 per cent in the first nine months of the current fiscal year from a year ago, mainly due to higher shipments to western and southern states. In absolute terms, Pakistan’s exports to the European Union (EU) reached $6.782 billion in July-March FY25 from $6.269bn last year, according to data compiled by the State Bank of Pakistan. The export r
A member of the National Electric Power Regulatory Authority (Nepra) has raised serious concerns about inefficiencies in the power system and called for urgent action to address transmission bottlenecks. In his additional note on quarterly adjustments for the period May to July 2025 applicable across all consumer categories, excluding lifeline and prepaid consumers, Nepra Member (technical) Raf
Talks between top US and Chinese officials resumed for a second day on Sunday, after US President Donald Trump voiced optimism over the negotiations aimed at de-escalating trade tensions sparked by his aggressive tariff rollout. In a Truth Social post following the first day of talks in Geneva on Saturday, Trump praised the “very good” discussions and deemed them “a total reset negotiated in a
The local auto industry and its suppliers are facing uncertainty ahead of the FY26 budget as the International Monetary Fund (IMF) is reportedly pressuring the government to rationalise auto tariffs and permit the commercial import of used cars. The IMF believes the auto sector is highly protective, and there is a need to rationalise tariffs to improve competitiveness and efficiency to benefit
The government only managed to spend around 41 per cent of the development funds allocated for the fiscal year despite the passage of 10 months, the planning ministry has said. The development spending stood at Rs448.6bn in the first 10 months (July-April) of fiscal year 2025, accounting for less than 41pc of Rs1.1 trillion revised budget allocation for the whole year. The lack of spending s