The four-day strike by goods transporters, which ended early Saturday morning, has caused significant disruption to trade and port operations, with exporters reporting millions in losses due to delayed shipments and piling backlogs of imported containers. Karachi Chamber of Commerce and Industry (KCCI) President Jawed Bilwani said traders are estimated to have incurred around Rs120 million i
Pakistan is expected to seek financial support for its debt-ridden economy and funds to address climate vulnerability at the 2025 Spring Meetings of the World Bank Group and the International Monetary Fund (IMF). Finance Minister Muhammad Aurangzeb arrived in Washington on Sunday to attend the talks, which bring together finance ministers and central bank governors from 191 countries to address
The removal of the official purchases of wheat at the minimum support price since 2024 has contributed to increased market availability, as farmers, unable to sell to the government, released greater volumes into the open market, exerting additional downward pressure on prices. The Food Price Monitoring and Analysis of the Food and Agriculture Organisation (FAO) says the retail wheat flour p
Despite overnight concerns regarding a contraction in Large-Scale Manufacturing and decreasing foreign exchange reserves, the Pakistan Stock Exchange (PSX) experienced renewed buying interest from equity investors on Thursday. This boost in confidence was driven by a record current account surplus and a series of positive developments, enhancing the overall economic outlook. Ahsan Mehanti of Ar
THE generous ‘incentives package’ for Pakistani expats, announced by Prime Minister Shehbaz Sharif, is yet another symptom of the Dutch disease afflicting Pakistan’s economy. In our case, however, the disease is not linked to natural resources, which mostly remain unexplored, but to the growing reliance on workers’ abroad to stay afloat. Amid drying up foreign loan and aid flows, the dependence