Islamabad: The government has announced that all terrorist groups and organizations operating in Balochistan will now be designated as "Fitna-al-Hindustan". This decision marks a significant shift in the way these groups are officially recognized. A...
Read More »Russia Criticizes India’s Participation in 4-Nation Military Alliance ‘Quad’
Moscow: Russia has once again criticized India's participation in the four-nation military alliance 'Quad'. Addressing the Eurasian Forum in Moscow, Russian Foreign Minister Sergey Lavrov stated that the issue has been raised with Indian counterparts,...
Read More »Electricity Relief Sought for Karachi Industries
KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) has called on Prime Minister Muhammad Shehbaz Sharif to expedite the release of a long-awaited Rs23 billion subsidy for incremental electricity consumption. Despite being allocated in previous...
Read More »PCDMA Chief Calls for Urgent Reforms to Stem Abuse of Export Scheme
KARACHI: Salim Valimuhammad, the Chairman of the Pakistan Chemicals & Dyes Merchants Association (PCDMA), has voiced significant concerns regarding the misuse of the Export Facilitation Scheme (EFS), cautioning that the existing system loopholes threa...
Read More »Pakistan Inflation Forecasts Show Slight Uptick Amid Declining Trend
Karachi: Inflation in Pakistan is forecasted to reach 3.4 percent year-over-year in May 2025, according to a report by AKD Securities Limited. This marks an increase from April's record low of 0.3 percent year-over-year. The rise is attributed to incr...
Read More »Food Sector Sees Marginal Growth Amid Market Challenges
Karachi: The food sector in Pakistan showed modest growth for the first quarter of 2025, with an increase in sales revenue and improved margins, according to a recent analysis. However, the sector continues to lag behind the broader KSE100 Index, desp...
Read More »Saif Power Reports Significant Revenue Decline Amid Strategic Shifts
Sahiwal: Saif Power Ltd (SPWL) reported a 49% decrease in revenue for the calendar year 2024, as outlined in its recent analyst briefing. The company's revenue dropped to PkR9.7 billion, attributed to a lower plant utilization rate of 8.23%, compared ...
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