Rain adds to misery of Afghan quake survivors

NURGAL: Four nights and days since the earth shook and levelled his home in eastern Afghanistan, Khan Zaman Hanafi thought he had endured the worst, until the rain came. The 35-year-old farmer says his village has “been forgotten by the government and aid groups”. “It’s raining and we’re being left to live in the open,” … Read more

Punjab devastation raises red flag for Sindh’s crops

[ LAHORE: The Pakistan Business Forum (PBF) has raised alarm over the devastation caused by floods in Punjab and the looming threat to Sindh’s agricultural belt, urging urgent federal and provincial action to avert a worsening economic and humanitarian crisis. In a letter to Prime Minister Shehbaz Sharif, PBF acknowledged government efforts in tackling national … Read more

Forex reserves rise $28m to $19.66b

[ KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves rose $28 million during the week ended August 29, 2025, reaching $14.30 billion. According to data released by the central bank on Thursday, the country’s total liquid foreign reserves stood at $19.66 billion. Of this, commercial banks held $5.36 billion in net reserves. Analysts … Read more

‘EFS dents performance of local industries’

ISLAMABAD: Industry experts have voiced concerns over the government’s Export Facilitation Scheme (EFS), claiming it is undermining the performance of local industries. In the previous years, Pakistan’s export sector was supported through direct subsidies such as power and gas tariff relief, reduced corporate taxes and concessionary credit facilities. However, under mounting pressure from the International … Read more

Report sought on subsidy for QR-based payments

[ ISLAMABAD: The government has sought a report from the State Bank of Pakistan (SBP) on the impact of subsidy allocated for the adoption of QR-based payments. During recent discussions held by the Economic Coordination Committee (ECC), the SBP apprised the forum that in a meeting of the Steering Committee on Cashless Economy, it was … Read more

PPL strikes major oil, gas reserves in Attock

[ KARACHI: Pakistan Petroleum Limited (PPL) has reported a significant oil and gas discovery at its Dhok Sultan-03 well in District Attock, Punjab. This marks the second hydrocarbon find in the Dhok Sultan Block and is among the deepest oil discoveries in naturally fractured carbonate formations in the Potwar region. According to PPL, the well … Read more