Consumer price index (CPI) inflation slowed to three per cent year-on-year in August from 4.1pc in July, data from the Pakistan Bureau of Statistics (PBS) showed on Monday, though economists warned that weeks of flooding in Punjab could put food prices under renewed pressure. According to the data, CPI-based inflation during the same month of last year (August 2024) was recorded at 9.6pc. On
United States President Donald Trump said on Monday that India has offered to reduce its tariffs on US goods to zero amid deteriorating ties between the two countries. While calling the US’s relationship with India “one-sided”, Trump wrote on Truth Social, “They have now offered to cut their tariffs to nothing, but it’s getting late. They should have done so years ago.” The Indian Embassy in
The government on Sunday said it had retired about Rs1.133tr debt to the State Bank of Pakistan (SBP), taking advantage of the central bank’s record profits driven by the highest interest rates in the country’s history. “On August 29, 2025, the Debt Management Office (of the Ministry of Finance) executed another monumental repayment of Rs1.133 trillion,” the Ministry of Finance (MoF) said in a
The Pakistan Stock Exchange (PSX) snapped a four-day losing streak on Friday, staging a strong recovery as institutional investors engaged in value-hunting despite widespread flooding in Punjab that threatened standing crops and the farm sector. The benchmark KSE-100 index gained 1,274 points, or 0.86 per cent, to close at 148,618. According to Topline Securities, the rally was driven mainly by
THE current wave of floods has ravaged vast tracts of farmland across the plains of central Punjab. Hundreds of thousands of mostly smallholders have been displaced, with floodwaters sweeping away their food and other crops. More agricultural land will be swallowed by the raging waters, surging southwards to converge with the Indus in the coming days. A major economic upheaval is already eme