Pakistan’s Food Sector Drowns in $1.17 Billion Debt Crisis
Pakistan’s food sector faces a $1.17 billion debt crisis, exposing deep fiscal cracks and echoing power-sector woes as unpaid dues threaten food security and stability.
SBP holds policy rate at 11%, signals steady hand on inflation
The State Bank held its policy rate at 11%, signaling confidence in a stable inflation outlook amid global risks and improving growth momentum.
Tug of War: Govt defends NEPRA verdict, says new KE tariff curbs inefficiency,
Govt once again backs NEPRA’s K-Electric tariff review as landmark reform ensuring fair pricing, consumer protection, and an end to inefficiency-driven subsidies.
Afghan Taliban Order Dams on Kunar River, Raising Fears of New Water Rift with Pakistan
Taliban chief Hibatullah Akhundzada has ordered immediate dam construction on Afghanistan’s Kunar River, a key Indus tributary, sparking alarm in Pakistan over potential water cuts and escalating tensions amid an…
Pakistan Overhauls State Firms’ Boards to Curb Mismanagement, Spur Efficiency
Pakistan’s Cabinet Committee on State-Owned Enterprises (CCoSOEs), led by Finance Minister Muhammad Aurangzeb, on Friday approved a string of governance reforms and board overhauls across key public entities — part…
Scientists Discover Tree That ‘Grows’ Gold in Its Leaves
Finnish scientists have discovered that Norway spruce trees can “grow” gold, as bacteria inside their needles transform dissolved gold from the soil into solid nanoparticles—a finding that could revolutionize future…
K-Electric Hit With $2.5 Billion Shock as Regulator Slashes Tariff
K-Electric faces a $2.5 billion (Rs700 billion) hit after Nepra slashed tariffs by Rs7.6 per unit, reversing an earlier hike, turning a Rs4 billion profit into Rs85 billion loss, with…
Minister unveils ‘Sea-to-Steel Green Corridor’ plan at Port Qasim
Junaid Anwar Chaudhry launched the $13b “Sea-to-Steel Corridor” at Port Qasim to revive industry, create jobs, and boost exports.
NEPRA slashes K-Electric tariff to Rs32 per unit after review petition
In a major blow to K-Electric’s financial position, the National Electric Power Regulatory Authority (NEPRA) has cut the utility’s multi-year tariff to Rs32 per unit from the earlier determined Rs39.97,…
Aurangzeb pitches reform agenda in Washington, highlights new investment opportunities
Pakistan Seeks Stronger Economic Ties With Saudi Arabia, U.S. Investors Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has held a series of high-level meetings with global financial and…
