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Articles for tag: business, Concerns, Economic, fails, Labor, Latest, reduce, stability

January 18, 2026

News Desk

Economic stability fails to reduce labor concerns

Survey shows 84% ​​of respondents call for job creation, human development in major infrastructure initiatives LAHORE: Pakistan closed 2025 with signs of economic stabilization, but the public remains divided on whether the recovery has translated into broad-based prosperity, according to a nationwide survey conducted by the Institute of Cost and Management Accountants of Pakistan (ICMA). The survey, which captures the views of citizens, professionals, students and businesses, paints a mixed but cautiously optimistic picture for 2026, with governance, jobs and long-term reforms emerging as decisive factors for sustainable growth. The survey shows that 54.3% of respondents recognized an improvement in

January 16, 2026

News Desk

Boom in defense exports sparks call for economic recovery

Business leaders say Pakistan must leverage $13 billion pipeline to overhaul trade ties and build long-term competitiveness LAHORE: As Pakistan enters a phase characterized by unprecedented defense export opportunities and equal opportunity to reposition itself in evolving global economic dynamics, business leaders are calling for a fundamental restructuring of the country’s external economic relations to achieve sustainable, self-propelled growth. Former President of the South Asian Association for Regional Cooperation (SAARC) Chamber of Commerce and Industry, Iftikhar Ali Malik, urged the government and the private sector to prioritize competitiveness, investment and innovation as the cornerstones of Pakistan’s economic revitalization. He said

January 14, 2026

News Desk

Consumers to bear burden of Rs 2.95 trillion amid intensifying economic pressure on power sector

A representational image of a transmission tower. — AFP/File Nepra predicts that consumers will pay Rs 1.92 billion in capacity payments. Rs 1,023 billion to be paid under the Power Purchase Price (EPP) next year. Consumers to bear distribution margin of Rs 4.09 per unit: Nepra Electricity consumers are expected to shoulder a burden of Rs 2.95 trillion in capacity payments and power purchase costs in calendar year 2026, highlighting the intensifying economic pressure on the country’s power sector on end users, The News reported on Tuesday. The National Electricity Regulatory Authority (Nepra) has arrived at the decision on a

January 4, 2026

News Desk

Khamenei backs economic demands as protests in Iran kill at least eight

Khamenei urges dialogue with protesters but warns rioters must be dealt with severely Iran’s Supreme Leader Ayatollah Ali Khamenei. PHOTO: AFP/File Supreme Leader Ayatollah Ali Khamenei on Saturday acknowledged the economic demands of protesters in Iran, where protests have spread to more than 20 cities, even as he warned there would be no quarter for “rioters”. The protests began on Sunday as an expression of discontent over high prices and economic stagnation, but have since expanded to include political demands. “The president and high-ranking officials are working to resolve” the economic difficulties in the sanctions-hit country, Khamenei said in a

January 2, 2026

News Desk

Several people were reported dead in protests in Iran over the economic woes

Hengaw said security forces fired on protesters in Lordegan, killing some and injuring others People walk past closed shops following protests over the devaluation of the currency, at the Tehran Grand Bazaar in Tehran, Iran, December 30, 2025. — Reuters Several people were killed during unrest in Iran on Thursday, an Iranian news agency and a rights group said, as the biggest protests to hit the country in three years over soaring inflation sparked violence in several provinces. The semi-official Fars news agency cited a “source with knowledge” that several people were killed in clashes on Thursday morning between police

December 27, 2025

News Desk

Economic growth of 2.7% is not enough to meet the needs of rapidly growing population: Aurangzeb

Federal Finance Minister and Senator Muhammad Aurangzeb. — APPLICATION Macroeconomic stability, reforms restore confidence: Aurangzeb. FinMin says fiscal discipline is replacing the consumption model. He says that including climate resilience supports long-term sustainability. Federal Finance and Revenue Minister Muhammad Aurangzeb said Pakistan has reached a turning point, with macroeconomic stability, ongoing reforms and policy continuity restoring confidence and steering the economy towards export-led, long-term growth. However, in an interview with USA Todaythe finance czar pointed out that economic growth of 2.7% in the previous financial year, while positive, is insufficient to absorb the needs of a rapidly growing population. The

December 21, 2025

News Desk

World Bank approves $700 million for Pakistan’s economic stability

A World Bank building. — Reuters/ Archive Pakistan will receive $700 million from the World Bank under a multi-year program. Funding was approved under the PRID-MPA initiative: World Bank. $600 million approved for Centre, $100 million for Sindh: World Bank. The World Bank said it has approved $700 million in financing for Pakistan as part of a multi-year initiative aimed at supporting the country’s macroeconomic stability and service delivery. The funds will be released under the Public Resources Programmatic Approach for Inclusive Development-Multiphase Development (PRID-MPA), which could provide up to $1.35 billion in total funding, the lender said. Of this

December 16, 2025

News Desk

Pakistan is shifting from aid to investment as economic reforms gain credibility

Finance Minister Muhammad Aurangzeb speaks during an interview with Reuters at the 2025 IMF/World Bank Annual Spring Meetings in Washington, DC, US, April 25, 2025. Photo: Reuters/ File Islamabad: Federal Finance Minister and Senator Muhammad Aurangzeb has said that Pakistan is no longer seeking aid-based support and is moving decisively towards trade and investment-led engagement to ensure long-term economic sustainability and mutually beneficial partnerships, especially with the Gulf Cooperation Council (GCC) countries. In an interview with CNN Business Arabia, he said this strategic direction, clearly articulated by the prime minister, reflects renewed economic confidence and momentum for reforms. He noted

December 14, 2025

News Desk

Government and industry point to deep economic pressures

Aurangzeb announces IMF-led reforms as businesses warn of crippling energy costs and collapse in investment LAHORE: Federal Finance Minister Senator Muhammad Aurangzeb said on Saturday that sustained, meaningful dialogue between the government and the business community is necessary to find workable economic solutions, stressing that engagement limited to the annual budget cycle alone cannot address structural problems. Addressing the Pakistan Chambers Conference hosted by the Lahore Chamber of Commerce and Industry (LCCI), he said that recently constructive discussions were held between the federation and the provinces on the NFC award, which led to the formation of eight working groups, with

November 20, 2025

News Desk

‘Persistent corruption, elite capture’ undermining Pakistan’s economic growth: IMF GCDA

The IMF headquarters building is seen ahead of the IMF/World Bank spring meetings in Washington, U.S., April 8, 2019. —Reuters IMF links new governance report to $1.2bn EFF tranche. The Fund demands an immediate start to the 15-point reform program. The complex tax system and weak oversight fuel the risks of corruption. The International Monetary Fund’s (IMF) Governance and Corruption Diagnostic Assessment (GCDA) for Pakistan has warned that persistent corruption and weak institutions continue to undermine the country’s economic growth, even as it stabilizes under an Extended Fund (EFF). The publication of the report is a condition for approval by

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