Pakistan is finalising its first-ever medium-term industrial policy through consultations with key ministries, regulatory bodies, local and international experts and private sector platforms. The policy aims to reverse the trend of deindustrialisation and raise the manufacturing sector’s share in the GDP from the current 18 per cent to 26pc by 2035. Notably, this target merely restores the leve
The import of pulses has reached an all-time high of 1.32 million tonnes ($918m) in just 10 months of FY25, breaking the record of 1.315m tonnes ($946m) achieved during the full fiscal year of 2022-2023. After breaking the record, the import of pulses is heading close to 1.5m tonnes in FY25 to become a new record for any fiscal year in the history of pulse imports, as July-May FY25 imports have
The government’s ambitious plan to auction old and defunct public sector generation plants under Genco Holding Company Limited (GHCL) — aimed at curtailing operation and maintenance (O&M) expenditure — is in serious trouble, compelling authorities to consider handing over the scrap to Wah Industries of the Ministry of Defence. Sources said the first round of auction, which appeared to be a succ
Pakistan’s economic trajectory over the past decade reflects enduring policy missteps and leadership failures. Since 2013, the country has averaged just 3.5 per cent GDP growth annually, significantly trailing regional peers. During the same period, the external trade deficit has persistently hovered around 7–8pc of GDP, financed increasingly by external borrowing. These dynamics underline deep st
EU chief Ursula von der Leyen said on Sunday that Brussels will continue to hold off on hitting back at US steel and aluminium tariffs, as it seeks a deal to avoid broader 30 per cent levies. US President Donald Trump on Saturday threw months of painstaking negotiations into disarray by announcing that he would hammer the 27-nation bloc with the sweeping tariffs if no agreement is reached by Au