LAHORE: Pakistan’s agriculture sector had been in the limelight throughout calendar year 2023 but it did not make any significant improvement despite some supportive measures and relief packages announced by the government. Battling with the aftermath of massive flooding in the monsoon of 2022, the agriculture sector, called the backbone of rural economy, somehow … Read more
Catastrophic consequences of high energy costs have forced many mill owners to close down their businesses A worker operates a machine preparing fabric at the Kohinoor Textile Mills in Lahore on July 20, 2023. — AFP Tariff on natural gas raised by over 60% since August 2022. Gas tariff expected to increase further in … Read more
KARACHI: One of the biggest challenges policymakers in Pakistan face is to not only increase exports, which are at a meagre 10% of GDP, but also make the growth sustainable so that it mitigates the recurring balance of payments crisis the country experiences every few years.The private sector plays an important role in generating … Read more
ISLAMABAD: Government officials are levelling accusations against fertiliser manufacturers, claiming that they are profiting at the expense of farmers while enjoying the benefits of cheaper gas. A recent Economic Coordination Committee (ECC) meeting highlighted a disparity in the intended purpose of supplying natural gas to the fertiliser sector at subsidised rates. While the goal … Read more
BYD is emerging as formidable competitor to Tesla and is on track to surpass the latter as world’s largest EV manufacturer In this file photo taken on Oct 17, 2022, the electric BYD Seal berline of Chinese automaker BYD is presented on the first day of the Paris auto show. — AFP BYD delegation … Read more