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Govt kicks in energy contingency plan

[ ISLAMABAD: The government has decided to roll out a contingency plan to keep cars and stoves running amid disruption of fuel supplies while Pakistan’s trade deficit jumped 25% to $25 billion ahead of any adverse impact of rising crude oil and liquefied natural gas (LNG) prices. A ministerial committee responsible to ensure smooth supplies … Read more

Eco-friendly banana waste transformation project launched

[ Waste will be converted into textile fibre to reduce pollution, create income streams LAHORE: The Small and Medium Enterprises Development Authority (Smeda), in collaboration with the Food and Agriculture Organisation (FAO) and other partners, has launched an innovative project aimed at transforming banana waste into eco-friendly textile fibre. The initiative, which aims to promote … Read more

Govt to borrow mammoth Rs6.5tr

[The State Bank of Pakistan (SBP) has set a cumulative auction target of Rs6.525 trillion for Market Treasury Bills (MTBs) and Pakistan Investment Bonds (PIBs) for March to May 2026, underscoring heavy refinancing needs and continued reliance on domestic debt markets. According to the auction calendars issued by the SBP's Domestic Markets & Monetary Management … Read more

Indian basmati held up at ports

Labourers unload rice bags from a supply truck at India’s main rice port at Kakinada Anchorage in the southern state of Andhra Pradesh, India, on September 2, 2021. Photo: Reuters (file) MUMBAI: About 400,000 metric tonnes of Indian basmati rice are backed up at ports and in transit, and export deals have dried up as … Read more

How Trump Decided to Go to War

new video loaded: How Trump Decided to Go to War President Trump’s embrace of military action in Iran was set off by the determination of Prime Minister Benjamin Netanyahu of Israel to end diplomatic negotiations. Our investigative reporter Mark Mazzetti describes how few of Mr. Trump’s advisers voiced opposition. By Mark Mazzetti, Leila Medina, Sutton … Read more

PSX stages strong comeback on easing fears

[ Shares of 324 companies were traded. At the end of the day, 90 stocks closed higher, 211 declined and 23 remained unchanged. PHOTO: FILE KARACHI: A day after enduring a massive rout when the Pakistan Stock Exchange (PSX) registered the largest single-day plunge of over 16,000 points, the market saw the return of significant … Read more