Business
Circular Debt Study Warns Poorest Households Now Paying the Highest Electricity Cost
A new PIDE study has revealed that Pakistan’s circular debt crisis has created a deeply unequal electricity pricing system, where the poorest families are bearing the heaviest financial burden despite consuming the least power. The report highlights how inefficiencies, losses…
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LSM Growth in Pakistan Declines for Third Straight Year
ISLAMABAD: The LSM growth in Pakistan recorded a 1.5% contraction during July–March FY2025, compared to a marginal decline of 0.22% in the same period last…
PIA Posts Rs. 9.3B Profit Despite 16% Revenue Drop
Pakistan International Airlines (PIA) witnessed a 16.8% drop in operating revenue for the calendar year 2024, with earnings totaling Rs. 204.16 billion, as outlined in…
New Airline in Pakistan Secures CAA License for Domestic Launch
A new airline in Pakistan, Air Karachi, has officially secured its Regular Public Transport (RPT) license from the Civil Aviation Authority (CAA), paving the way…
Inflation in Pakistan Drops to Record Lows in FY2025, Economic Survey Confirms
ISLAMABAD: Inflation is projected to remain within the range of 4.5-5 percent during fiscal year 2025, supported by a sharp decline in the prices of…
Digital Growth Accelerates in Pakistan: IT Exports Hit $2.825B, Yet Startup Ecosystem Faces Capital Crunch
ISLAMABAD — Pakistan’s digital and technology sectors have demonstrated strong forward momentum in the fiscal year 2024–25, according to the newly released Pakistan Economic Survey.…
SBP Issues Halan Microfinance Bank License Across Pakistan
The State Bank of Pakistan has issued a nationwide Halan Microfinance Bank license, marking a key step for the fintech-backed lender. Effective June 3 2025,…
Eid Holidays Cancelled for These Departments, Govt Confirms
The Ministry of Finance has officially cancelled Eid-ul-Azha holidays for key staff members directly involved in the preparation of the fiscal year 2025-26 budget. Employees…
Fishermen Reject Proposed National Fisheries Policy
KARACHI: The fishermen community in Pakistan has expressed strong opposition to the federal government’s initiative to create a fisheries policy at the national level. They…
Pakistan Trade Deficit Widens to $24 Billion
Pakistan’s trade performance for the first eleven months of fiscal year 2024–25 shows a mixed trend, as exports grew moderately while the Pakistan trade deficit…
CCP Greenlights WPP Acquisition in Pakistan’s Media Market
The Competition Commission of Pakistan (CCP) has officially approved the WPP acquisition in Pakistan, allowing Berkeley Square Holding BV to secure a 50 percent stake…
PM Shehbaz Approves Raw Material Duty Cut for Industrial Growth
ISLAMABAD: Prime Minister Shehbaz Sharif has approved a significant raw material duty cut on more than 7,066 tariff lines, targeting raw materials, intermediate goods, and…
Pakistan’s Central Govt Debt Rises by 13.4% YoY
The federal government’s total public debt has climbed to nearly Rs. 75 trillion, marking a significant increase of 13.4 percent year-on-year (YoY), according to recent…
Pakistan Stock Exchange Hits All-Time High
June 4, 2025: The Pakistan Stock Exchange (PSX) achieved a significant milestone, with its benchmark KSE-100 index hitting an all-time high, crossing the 121,000-point mark…
