Yearly SPI jumps 4.17% on costly goods

[ KARACHI: The weekly inflation, measured by the Sensitive Price Indicator (SPI), jumped sharply by 4.17% on a year-on-year (YoY) basis, reflecting persistent inflationary pressures that continue to weigh heavily on consumers, particularly flood-hit communities still struggling to recover. However, the SPI recorded a decline of 1.34% week-on-week for the combined consumption group during the … Read more

PBF urges execution of agri-emergency plan

[ LAHORE: Amid devastating floods crippling Pakistan’s farmlands, the Pakistan Business Forum (PBF) has called for urgent execution of the long-delayed agriculture emergency plan. The forum criticised inaction, saying “agriculture emergency is still on papers,” and questioned when implementation would begin. Declaring the situation a national emergency, the PBF said the agriculture sector, already under … Read more

CPEC offers platform for green industrialisation

[ ISLAMABAD: The second phase of the China-Pakistan Economic Corridor (CPEC) offers a strategic platform to redirect Pakistan’s growth trajectory towards green industrialisation, providing opportunities to integrate low-carbon technologies and promote sustainable development, said experts and officials. They made the remarks during a recent seminar on green industrialisation, organised by the Sustainable Development Policy Institute … Read more

Trump and Xi make progress on TikTok deal

US President Donald Trump said he and Chinese President Xi Jinping made progress on a TikTok agreement and would meet face-to-face in six weeks in South Korea to discuss trade, illicit drugs and Russia’s war in Ukraine. The two sides appeared to lower tensions during the first call in three months between the leaders of … Read more

Israel to use ‘unprecedented force’

GAZA CITY: The Israeli military warned on Friday it would operate with “unprecedented force” in Gaza City, telling residents to flee as it presses its ground offensive on the territory’s largest urban centre. Israel has pummelled Gaza City with air strikes and tank fire in its bid to seize it, nearly two years into the … Read more

Iraq denied US nod for Turkmen gas via Iran

[ DUBAI/BAGHDAD: Iraq’s attempt to ease its chronic power shortage with gas from Turkmenistan routed through neighbouring Iran has failed under US pressure, leaving Baghdad scrambling for alternatives to keep the lights on. Oil-rich Iraq has struggled to provide its citizens with power since the 2003 US-led invasion that toppled Saddam Hussein, forcing many to … Read more

Trump to impose $100,000 fee per year for H-1B visas

The Trump administration said on Friday it would ask companies to pay $100,000 per year for H-1B worker visas, potentially dealing a big blow to the technology sector that relies heavily on skilled workers from India and China. Since taking office in January, Trump has kicked off a wide-ranging immigration crackdown, including moves to limit … Read more