Pakistan’s proposed move to deregulate fuel prices has raised alarms among some of the country’s top refiners, potentially stalling planned upgrades worth billions of dollars […]
Category: Business
Finance minister aurangzeb advocates IMF engagement for economic stability.
Finance Minister Muhammad Aurangzeb emphasized the indispensability of engaging with the International Monetary Fund (IMF) to ensure economic stability, asserting that there is no alternative […]
Galp energia discovers potential 10 billion barrels of oil in namibia.
Galp Energia, a Portuguese oil company, announced on Sunday the completion of the initial phase of exploration in the Mopane field off the coast of […]
Pakistan stock exchange surges amidst political stability and privatization commitments.
The Pakistan Stock Exchange witnessed a robust uptick on Monday, with the benchmark KSE-100 Index surging by over 1 percent. This surge comes in the […]
Philippine annual inflation climbs for second consecutive month in march.
In March, Philippine annual inflation continued its upward trajectory for the second consecutive month, primarily driven by a significant surge in the rice component, prompting […]
Nigeria approves electricity tariff hike for high-consumption users.
In a bid to reduce reliance on subsidies and alleviate pressure on public finances, Nigeria’s electricity regulator has given the green light for an increase […]
India urges traders to avoid purchasing new-season wheat from farmers.
To replenish its dwindling reserves, the Indian government has advised both global and domestic trade entities to refrain from procuring new-season wheat directly from local […]
Anti-smoking groups sue US government over delayed menthol cigarette ban.
On Tuesday, anti-smoking organizations initiated legal action against the US government, targeting the Biden administration for its delay in implementing a ban on menthol cigarettes. […]
World Bank Predicts Decline in Inflation, Modest Growth for Pakistan in Coming Years
In terms of industrial growth, the World Bank forecasts a modest increase, with industrial growth expected to be 1.8 percent in the current fiscal year, followed by a gradual rise to 2.2 percent in fiscal year 2025 and 2.4 percent in fiscal year 2026. This indicates a slow but steady recovery in industrial output, which is crucial for driving economic expansion and creating employment opportunities.