By Moaaz Manzoor ISLAMABAD– The State Bank of Pakistan (SBP) maintained the policy rate at 12%, prioritising stability over aggressive easing despite a sharp inflation drop, due to external risks and rising imports, reports WealthPK. SBP Maintains Policy Rate Amid Inflation Drop The SBP’s decision to keep the policy rate at 12% for the second ...
By Moaaz Manzoor ISLAMABAD– Pakistan’s widening trade deficit, despite export growth, is heightening external stability concerns as imports outpace gains, with experts warning that without structural reforms, the imbalance could exacerbate external financing risks, reports WealthPK. Concerns Over Pakistan’s Widening Trade Imbalance Experts cautioned that the worsening trade imbalance could strain the foreign exchange reserves ...
By Faiza Tehseen ISLAMABAD– To improve the local economy and boost the tourism sector, Pakistan needs to strategically harness the potential of event tourism. “Despite numerous tourism potentials, event tourism in Pakistan has not been promoted due to lack of awareness,” said Aftabur Rehman Rana, Managing Director of Pakistan Tourism Development Corporation (PTDC). Talking exclusively ...
By Shams ul Nisa ISLAMABAD– Thatta Cement Company Limited (THCCL) has installed a 5MW solar power plant and is developing a 4.8MW wind power unit, reinforcing its commitment to green energy and cost efficiency, reports WealthPK. Thatta Cement’s Renewable Energy Initiatives: Solar and Wind Power According to the company’s financial report for the first half ...
By Shams ul Nisa ISLAMABAD– Gul Ahmed Textile Mills Limited (GATM) is advancing its sustainability agenda with a major expansion in renewable energy (RE), reports WealthPK. Gul Ahmed’s Expansion in Renewable Energy The company has implemented a 2 MW rooftop solar power system and plans to add another 17.2MW by the end of FY25. Rising ...
By Qudsia Bano ISLAMABAD — Pakistan’s state-owned enterprises (SOEs) reported staggering losses of Rs 851 billion in the fiscal year 2023-24 (FY24), raising alarms over their financial sustainability and impact on the national economy. The power sector emerged as the biggest drain on public funds, despite repeated government interventions through subsidies and grants. Staggering Losses ...
By Ayesha Saba ISLAMABAD– Pakistan’s cement sales rose 6.82% in February 2025, sparking calls for government support to sustain growth. Analysts suggest tax rebates and subsidies to boost demand and address the industry challenges. The Cement Industry’s Role and Current Challenges Talking to this reporter, Mehmood Khalid, former project director of Center of Excellence-CPEC and ...
By Ayesha Saba ISLAMABAD– Experts have called for a review of the investment policy framework, addressing bureaucratic bottlenecks, and improving the security and political climate to attract long-term, export-oriented foreign direct investment in the country. They note that without such measures, Pakistan risks missing out on global investment trends that could drive economic growth and ...
By Amir Saeed ISLAMABAD– High electricity tariffs in Pakistan, stemming from inefficiencies and policy gaps, destabilise the economy, necessitating reforms in Independent Power Producer (IPP) contracts, tariff structures, and power distribution. Talking to this reporter, Uzma Aftab, a macroeconomic analyst at Policy Research and Advisory Council (PRAC), highlighted that Pakistan’s electricity tariffs are a critical ...
By Faiza Tehseen ISLAMABAD– Pakistan can successfully increase tourist footfall by adopting destination marketing as a key strategy. It will help generate revenue and make the tourism sector more profit-oriented and a sustainable source of livelihood, said Mukhtar Ali, Manager of Tourist Facilitation Centres of Pakistan Tourism Development Corporation (PTDC). The Importance of Destination Marketing ...
