Despite a contraction in Large-Scale Manufacturing (LSM) during the first half of the current fiscal year, equity investors remained optimistic, helping the market extend gains for the third consecutive session on Thursday. The big industry production shrank 1.87 per cent year-on-year in July-December FY25. Topline Securities Ltd said the benchmark KSE 100 index showed a positive trend, bols
Finance Minister Muhammad Aurangzeb said on Thursday that a team of the International Monetary Fund (IMF) would be in Pakistan for a four-day visit next week to take forward the discussion on a $1 billion fund for climate resilience. Pakistan has been ranked as the most vulnerable country to climate change in 2022 when it faced devastating monsoon floods that claimed over 1,700 lives, washed aw
An International Monetary Fund mission will arrive in Islamabad next week to discuss around $1 billion in climate financing for Pakistan, an adviser to the finance minister said on Thursday. Khurram Schehzad told Reuters that the mission would visit from Feb 24 to 28 for a “review and discussion” of climate resilience funding. The disbursement will take place under the Fund’s Resilience and
US President Donald Trump suggested on Wednesday that a trade deal was “possible” with China — a key target in the US leader’s tariffs policy. In 2020, the United States had already agreed to “a great trade deal with China” and a new deal was “possible”, Trump told reporters aboard Air Force One. Asked about the comments, Beijing’s foreign ministry said Thursday the two countries should hand
US President Donald Trump suggested on Wednesday that a trade deal was “possible” with China — a key target in the US leader’s tariffs policy. In 2020, the United States had already agreed to “a great trade deal with China” and a new deal was “possible”, Trump told reporters aboard Air Force One. Asked about the comments, Beijing’s foreign ministry said Thursday the two countries should hand