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Asif Khaliq drives blue-eyed Chaiwala Arshad Khan’s London success Munir and Naqvi Join Makkah Pact Talks in Tehran Iran Says the Border Is Open as Pakistan Ships LPG by Sea Six Militants and Two Soldiers Killed in DI Khan Imran Khan’s Sisters Held for Another 30 Days Rights Commission Calls for the KP Emergency to End Makkah Pact Officials Head to Tehran for Security Talks Riyadh Airport Partly Reopens Two Weeks After Attack Indian Duty-Free Access Threatens Pakistan’s Textile Edge Peshawar Begins Polio Drive for 1.11 Million Children KSE-100 Loses 4,045 Points Over the Week Task Force Asks Industry for Export Proposals PTI Weighs Talks Against Protest Over KP Seven of One Family Killed in Murree Road Accident Mir Raza’s Father Asks for a JIT Member to Be Replaced Pakistan Rejects a $490m Loan as Too Expensive Minister Seeks Loan Rescheduling as Rates Bite at 25pc 31,000 Consumers Denied the Petrol Subsidy Portal Glitch Blocks Returning Pakistanis From Filing LPG Cargoes Down to Two as Senate Presses on Winter Fuel

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June 5, 2025

News Desk

Proctor & Gamble announces 7000 redundancies worldwide amid Donald Trump’s uncertainty

Procter & Gamble, the manufacturer of home staples, such as the Tide detergent and the pampers diapers, have announced plans to reduce up to 7,000 jobs or about 6% of its worldwide workforce over the next two years. The move comes as the company faces pressure on invoices and uncertain consumer costs that have affected its financial performance. Speaking at the Consumer Conference of Deutsche Bank in Paris on Thursday, Chief Financial Officer Andre Schulten described the restructuring plans, noting that work cuts would mainly affect the company’s workforce. Such as Reutersjob reductions account for about 15% of its current

January 31, 2025

News Desk

The government must take steps to improve business climate

Listen to the article Lahore: Governor Punjab Sardar Saleem Haider acknowledged the crucial role of the business community in Pakistan’s financial progress, stressing their resilience during the difficult times. Speaking to the Lahore Chamber of Commerce and Industry (LCCI), he assured business leaders that their concerns about high electricity and gas invoices, as well as offering shortages, will be broadcast to President Asif Ali Zardari and Prime Minister Shehbaz Sharif. Despite the adverse conditions, the business sector remains dedicated to national development, the commander said. However, he stressed that today’s business environment does not have the necessary support and stability

January 4, 2025

News Desk

Startups: reforms, challenges

Listen to the article KARACHI: Ensuring major reforms can shift Pakistan’s startup landscape towards more growth and opportunities, which can transform the country’s economic scenario due to a huge population of nearly 242 million, including 65% under the age of 30. Young people are very willing to learn IT skills and earn more without formal university degrees, as talented and skilled young people are hired by IT companies based on technological skills, while mostly university graduates are looking for jobs due to lack of required skills. To address the challenges, the government needs to introduce a series of reforms to

August 26, 2024

News Desk

Is a financial recovery plan on the cards?

Islamabad: Not really. Anyone asking for it? Not really. Is there liability for inaction? Not really. Will we remain victims of the status quo? Absolutely yes! The country has such a sad but common state of affairs. Of course, the news about the annual budget exercise and the IMF package have faded or been taken over by other issues. This does not mean, however, that the economic situation has improved or that concrete steps towards recovery and reform have been made, unless this is happening under the radar. Pakistan’s economic landscape has been characterized by a number of challenges that

July 17, 2024

News Desk

ADB predicts high inflation for Pakistan in the current financial year

The Asian Development Bank (ADB) has predicted that inflation in Pakistan will remain high in the current financial year. The bank’s latest Asian Growth Prospects report raised its economic growth forecast for developing Asia and the Pacific from 4.9 percent to 5 percent, but Pakistan faced a tougher outlook. ADB predicted that Pakistan’s inflation rate, which had fallen from 38% to 11.8%, will remain high. The bank also predicted that the country’s debt could fall by 7%, from 77% to 70%. Despite these projections, ADB highlighted that 62% of Pakistan’s revenue will be used for debt repayment during the 2024-2025

July 2, 2024

News Desk

addressing the challenges of debt, inflation and productivity

Britain’s economy is under incredible pressure, more than you might imagine. Austerity and two successive and costly crises have left the UK with huge debt. Compared to other major advanced economies, the UK’s national debt has risen more since COVID-19. Rising debts and tax revenues Borrowing is not the only issue. Tax revenue as a percentage of GDP – the share of the country’s output that the government takes to pay for public needs – is almost as high as in wartime. This is a huge problem for the current government in an election year, especially when public services need

March 19, 2024

News Desk

Pasha urges action on economic challenges

LAHORE: Addressing the Pakistan Medium Term Economic Prospects Conference at the Lahore Chamber of Commerce and Industry (LCCI), former Federal Finance Minister Dr Hafeez Pasha highlighted the country’s ability to overcome the current economic challenges. He pointed out that while Pakistan had endured difficult economic conditions in the past, it had managed to navigate through them. Pasha noted that Pakistan’s average GDP growth over the past four years was 2.5 percent, reflecting the rate of population growth. This stagnant income growth highlighted the need for economic reforms. He cited factors such as the impact of COVID-19 and natural disasters such

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