By Staff Reporter
KARACHI: Pakistan’s car sales plummeted 82 percent in June from a year earlier, hit by non-production days, soaring prices and weak demand, industry data showed on Tuesday, but they rose slightly from the previous month.
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Pakistan greenlights billions in public spending largely focused on alternative energy
A high-powered executive panel approved more than half a trillion rupees in development spending, although not all of it will come from the current year’s budget. By Muhammad Ali.
Fitch rating upgrade a thumbs up for Pakistan
The global rating agency’s move is an acknowledgement of the government’s hard work in recent months to turn around the country’s ramshackle economy. By Muhammad Ali.
Remittances down 13.6 percent YOY
The mess created by the unchecked slide of the rupee keeps taking its toll on Pakistan’s economy in more ways than can be counted. By Muhammad Ali.
Why is Pakistan’s SBA still not on IMF executive board agenda?
A staff-level agreement has been inked for the $3 billion bailout, but the unnecessary uncertainty over the executive board’s approval is hurting Pakistan’s beleaguered economy. By Muhammad Ali.
Pakistan braces for possible floods, landslides as heavy rains loom
By Staff Reporter
ISLAMABAD: Pakistan’s climate change minister on Sunday warned of possible floods and landslides as heavy rains with thunderstorms were forecast across the country over the next two days, and urged public and non-government organisations to be ready.
EU considers GSP+ extension to Pakistan amid human rights scrutiny
By Staff Reporter
ISLAMABAD: The European Union has proposed to extend Pakistan’s preferential trade status for another four years, the EU envoy to Pakistan said on Sunday, as the South Asian nation faces scrutiny over its human rights record.
PM Sharif denounces online rumours of assassination plot against army chief
By Staff Reporter
ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif on Sunday slammed a social media campaign that claimed an attempt was made to kill the country’s army chief, General Asim Munir, and vowed to “crush all conspiracies” against the nation and its institutions.
Twitter blocks Pakistan’s official account in Gilgit-Baltistan, changes location to India
By Staff Reporter
ISLAMABAD: Twitter has blocked access to the official account of the government of Pakistan in the country’s scenic northern region of Gilgit-Baltistan and changed its location to parts of Indian-occupied Kashmir, Dawn newspaper reported on Sunday.
Pakistan approves new investment policy to lure foreign investors
By Staff Reporter
ISLAMABAD: Pakistan has approved a new investment policy for 2023 that aims to attract foreign and domestic investors by offering incentives, easing regulations, and creating special economic zones, the government said.