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GDP growth hits 3.7%, highest in four years

[ Fiscal deficit narrows, primary surplus 3.5% of GDP; remittances hit record $4.25b ISLAMABAD: Pakistan’s economy ended fiscal year 2025-26 on a stronger footing, with real GDP growth accelerating to 3.7% – the highest in four years – and the economy expanding to $452.1 billion amid improving macroeconomic stability and a sustained recovery in economic … Read more

Senate briefed on alternative sourcing amid turmoil

[ PSO details contingency measures; committee seeks accountability over Multan LPG tanker explosion KARACHI: The Senate Standing Committee on Petroleum has reviewed the country’s fuel supply situation and energy security during a meeting at Pakistan State Oil (PSO) headquarters, with members expressing satisfaction over measures taken to ensure uninterrupted petroleum supplies amid regional challenges. PSO … Read more

Sindh motor insurance surges 1,374% after mandate

[ ISLAMABAD: Third-party motor insurance coverage in Sindh has surged 1,374% within three months of the provincial government making it mandatory for all registered vehicles, according to the Securities and Exchange Commission of Pakistan (SECP). Following the enactment of the Provincial Motor Vehicles (Amendment) Act, 2026, in March, active third-party policies in Sindh increased from … Read more

UN warns vulnerable states still at risk

[ GENEVA: The UN trade and development agency warned on Tuesday that while the reopening of the Strait of Hormuz will bring immediate relief to energy markets, vulnerable economies remain at risk from prolonged increases in food and fuel costs. Food and transport systems are likely to take longer than energy markets to recover, as … Read more

Lahore roof collapse claims 14 young lives

Relatives mourn the death of children in a roof collapse incident in Lahore. Photo: REUTERS LAHORE: At least 14 children were killed and nine others, including a teacher, were injured after the roof of a private tuition centre collapsed in Lahore’s Kahna area on Tuesday, triggering a massive rescue operation as authorities launched an investigation … Read more