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Articles for tag: balance, business, financial, hang, Latest, stability, survival

September 15, 2025

News Desk

Survival and financial stability hang in balance

Islamabad: Pakistan is facing an unprecedented crisis of agricultural and food security after catastrophic floods that have destroyed agricultural land, destroying the infrastructure and displaced millions. The flood of the monsoon has caused about $ 1.4 billion in financial losses, with agriculture carrying the burden of disaster. According to initial estimates, the total cost of 2025 floods is over 500 billion Rs ($ 1.7 billion). Only Georgia represents 302 billion Rs ($ 1 billion), which represents almost three -quarters of the total. Floods have sank 1.3 million acres of agricultural land, mainly in Punjab, the country’s agricultural heart, as well

September 15, 2025

News Desk

How 2025 could cause financial crisis

Lahore: Pakistan is looking under the barrel of an emergency for food security that could be waving through any layer of his economy. The catastrophic floods of the 2025 monsoons have sank huge areas of the country, from the Punjab wheat zone to the areas that grow Sindh’s rice and parts of Khyber-Pakhtunkhwa. Over 2,000 villages have flooded, shifting millions, destroying agricultural land and wiping the critical infrastructure, just as the summer harvest has reached its climax. The disaster is shocking. Whole wheat crops, cotton, rice, maize and cane have been destroyed. Only in Punjab, 80% of the country’s wheat

August 15, 2025

News Desk

PSX rises to strong results, improved financial outlook

Broker is busy with Pakistan’s Stock Exchange in Karachi on Wednesday 1 January 2025. – PPI Stocks moved in a tight band on Friday, as mutual capital activity, strong profits and optimism for the financial prospects kept the stock market stable. The Pakistani Stock Exchange (PSX) reference index went up to an intra-ended high of 147,534.41, earning 1,005.11 points or 0.69%, before falling to a low 146,894.62, reflecting 35.22 or 0.02%. “It is an activity that is bound by the region today, led by the times of liquidity and profits of mutual funds. “The best results, expectations to further improve

August 14, 2025

News Desk

Moody’s lifts Pakistan’s rating to “CAA1” to stronger external financial

Moody’s said on Wednesday that it had increased Pakistan’s credit rating from a notch on “CAA1” by “CAA2” due to the improvement of the external financial position and assigned a “steady” perspective in the country. The announcement came within a few hours by Finance Minister Muhammed Aurangzeb, saying there was more room for the Central Bank to reduce the country’s key policy rate from 11% to the rear of positive economic indicators. “Improving credit assessment is a sign that economic policies are heading in the right direction,” Prime Minister Shehbaz Sharif said in a statement. I also read: Aurangzeb is

August 13, 2025

News Desk

Moody’s improves Pakistan’s credit rating for a better financial position

Signage looks outside Moody’s Corporation in Manhattan, New York, USA, November 12 2021. – Reuters The upgrade follows similar movements from S&P and Fitch. Foreign stocks are expected to continue the gradual improvement. Political uncertainty remains despite the profits of fiscal position. Moody’s ratings on Wednesday upgraded Pakistan’s credit rating with a steady perspective from CAA2 to CAA1, citing the country’s improved financial position supported by the International Monetary Fund (IMF). The upgrade was secured after similar moves to S&P’s global evaluations and Fitch’s ratings in the last four months after repeated promises by Prime Minister Shehbaz Sharif’s government to

July 19, 2025

News Desk

PSB seeks financial records of foreign PHF employees’ travels

The image shows the Pakistani Athletic Council building. – Apply/file The Pakistani Athletic Council (PSB) officially requested a complete foreign journey file received by the President and Secretary of the Pakistan Hockey Federation (PHF), along with details of the financial costs that emerged during these trips. This move comes amid growing concerns about transparency and financial accountability within the federation. According to a letter recently sent by the PSB to PHF, the Board of Directors clarified that it is not responsible for paying travel benefits (TA/DA) to players and officials during international tours – liability exclusively in the federation itself.

July 14, 2025

News Desk

Control reveals serious financial irregularities on PCB for FY23-24

The Pakistan Cricket logo on a wall of Headoffice building in Lahore. – PCB website The report reveals unauthorized payments, irregular appointments. PCB Management says these costs do not violate the law. The PCB employee says previous presidents may be requested to answer. Islamabad: Pakistan’s Auditor General has highlighted serious economic irregularities at the Pakistani Council (PCB) for the financial year 2023-24, revealing unauthorized payments, irregular appointments and controversial awards. The control report raises concerns about governance, transparency and financial controls on the country’s top body. Following are the main points of the Auditor General’s report on PCB for the

July 3, 2025

News Desk

Petroleum Products Witness 7% Increase in Sales in Financial Year 2024-25

Fuel workers are waiting for customers in Islamabad. – AFP/file Sales of oil products reach 16.32 million tonnes of FY25. The MS Offtake reaches 0.73 million tonnes in June to mark 36 months high. OMCS publishes 8.0% increase in June sales after Reduce MS, HSD prices. Karachi: Reflecting on oil growth, Pakistan was observed 7.0% on an annual basis (YOY) in oil sales during FY25, reaching 16.32 million tonnes, compared to 15.28 million tonnes of FY24, according to official figures, according to official data, The news reported on Thursday. During the financial year ended on June 30, gasoline (MS) and

June 16, 2025

News Desk

Apparent errors appear in GOVT 2025-26’s proposed financial bill

Finance Minister Muhammad Aurangzeb speaks during a meeting of the National Assembly as he presents the federal budget for the financial year 2025-26 on June 1025-PID Accounts 2025 Aviation Policy and non -existing policy of 2023. It does not have the meaning of the registration of airlines, but it imposes licensing. Tax exemption about PIA leaves questions about privatization. Islamabad: Days after the registration of Finance Minister Muhammad Aurangzeb filed the budget for the financial year 2025-26. The news reported on Monday. In addition, the Federal Revenue Council (FBR) proposed the exemption from the loading or lease of aircraft by

June 8, 2025

News Desk

Government to disclose financial survey 2024-2025 tomorrow

Listen to the article Islamabad: The federal government is expected to disclose the financial investigation for the financial year 2024-25 tomorrow (Monday), revealing that Pakistan has failed to achieve its annual development goal of outbound use as key economic sectors undervalued. According to official data shared before the release of the survey, the temporary rate of growth of the gross domestic product (GDP) for FY2023-24 stood at 2.68%, significantly below the 3.6% target set by the government. Despite this deficit, the total size of Pakistan’s economy expanded by $ 39.3 billion, reaching $ 410.96 billion from $ 371.66 billion last

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