Prime Minister Shehbaz Sharif on Monday vowed to revitalise the country’s agriculture sector, achieve food self-sufficiency, and boost farm exports. “In the next few years, an agricultural revolution can be brought to Pakistan if the federal government, in collaboration with provinces, provides reasonably priced inputs to farmers. The country needs a conducive environment to exploit the agri po
Pakistan’s trade deficit with nine neighbouring countries swelled by 36.09 per cent to $7.36 billion during the first eight months of FY25 from $5.41bn in the corresponding period last year. Recent regional political shifts have spurred exports to Bangladesh, Afghanistan, and Sri Lanka. However, Pakistan’s trade with these nations has faced significant setbacks in recent years, attributed to
The Ministry of Finance is inducting six professionals from the market to operationalise the Tax Policy Office (TPO), which will directly report to the finance minister in line with commitments made with the IMF under the $7 billion Extended Fund Facility (EFF). The ministry on Monday sought applications for the positions — one for the director general of TPO and five directors having different
A positive review of the economy by the International Monetary Fund (IMF) and progress on the resolution of energy sector circular debt kept equity investors bullish, driving the benchmark KSE 100 index to scale an all-time high near 119,000 in the outgoing week. The Pakistan Stock Exchange (PSX) continued its northward journey for the sixth week. The index, which reached an intra-week all-time
The surge in generation of electricity through a distributed network has been driven by a significant reduction in solar panel prices globally, largely due to a supply glut in China, which is the largest manufacturer of solar panels. A drop in prices led to a surge in demand, and a solar revolution started to take shape, against the backdrop of high electricity prices that were being offered by th