News

Monsoon wreaks havoc on Punjab’s rural economy

Unrelenting monsoon rain spells have continued to wreak havoc on Punjab’s agriculture, with the latest spell on Saturday further straining the province’s rural economy. While the rainfall varied in intensity, some areas, such as Mandi Bahaudin, recorded 81mm of rain, and Bahawalnagar 44mm. Hafizabad received 63mm, Gujrat 34mm, and Okara and Sahiwal both recorded 10mm. These rains, coming just d

Dollar shortage strains rupee’s ‘artificial’ strength

The Pakistani rupee is under increasing pressure as demand for dollars rises, while exchange companies are struggling with a severe shortage of cash dollars. Currency experts have warned that administrative measures aimed at supporting the rupee may backfire, especially in the face of unforeseen events such as the recent flood devastation across the country. Despite the growing demand for do

Asian Development Bank to fund climate-resilient agriculture project

The Asian Development Bank (ADB) is poised to finance a climate-resilient and low-carbon agriculture mechanisation project in Punjab, designed to enhance access to modern farming equipment for small farmers while reducing the sector’s environmental footprint. The proposed Punjab Climate Resilient and Low Carbon Agriculture Mecha­ni­­sation Project will involve the import of advanced agricultura

President assents to Land Port Authority Bill

President Asif Ali Zardari gave his assent on Saturday to the Pakistan Land Port Authority Bill, 2025, turning it into law and paving the way for the establishment of a new statutory body tasked with managing border crossings and facilitating cross-border movement. The newly created Pakistan Land Port Authority will act as a central platform for coordinating between multiple border management a

PSX extends losing streak for fourth session

The Pakistan Stock Exchange (PSX) extended its losing streak for a fourth consecutive session on Thursday, as investor sentiment remained subdued amid concerns over flooding in key agricultural regions and macroeconomic unce­rtainty. The KSE-100 index settled at 147,343.51, down 150.52 points or 0.10 per cent, after recording an intraday high of 148,042 and a low of 147,210, reflecting a volati