Pakistan faces average annual losses of over $2 billion due to climate disasters, which exacerbate the already high poverty levels, according to the Asian Development Bank (ADB). “As one of the region’s most climate-vulnerable countries, Pakistan suffers average losses from disaster events exceeding $2bn per year, with women and vulnerable groups disproportionately affected,” said the Manila-ba
Renewed concerns about Pakistan’s economic outlook and rising geopolitical tensions caused a wave of panic selling by cautious investors, forcing the benchmark KSE 100 index to fall below the 118,000 barrier on Wednesday. Ahsan Mehanti of Arif Habib Corporation said the PSX closed sharply lower after the IMF slashed the GDP growth forecast to 2.6pc for FY25 amid the Trump tariff blow. He add
THE current US-China tariff tit-for-tat is a high-stakes game, not a war. While the phrase ‘trade war’ has long been used to describe the process of imposition of import tariffs on a country that, in turn, levies counter-tariffs, using the ‘war’ metaphor trivialises the devastation of real conflicts, which involve the loss of life, deep human trauma and the destruction of properties. Just th
Manufacturers have urged the government to formulate a National Tractor Policy to tackle the challenges faced by the sector, primarily a significant decline in sales that has halved in the current fiscal year. During a meeting with the Special Assistant to the Prime Minister (SAPM) on Industries and Production Haroon Akhtar Khan on Wednesday, tractor manufacturers raised serious concerns about
Finance Minister Muhammad Aurangzeb on Wednesday said that the country has achieved economic stability through “tough decisions and ongoing economic reforms over the past year”, emphasising that the objective was not stabilisation alone but “sustainable and inclusive growth”. He was speaking at a forum hosted by the Centre for Global Development (CGD) during the IMF-World Bank Spring Meetings.