Leading economists have challenged the government’s provisional GDP growth estimate of 3.70 percent for the outgoing fiscal year 2025-26, arguing that the figure is overstated and likely to be revised downward once the entire year’s data is available. Former finance minister Dr Hafeez Pasha told Business Recorder that the government’s provisional growth estimate ‘is exaggerated’ and that the ec
Oil and Gas Development Company Limited (OGDC), the country’s leading upstream energy company, has made a significant oil and gas discovery from its exploratory well Bobi Deep-1, located in Sanghar district of Sindh province. The well successfully tested the Massive Sand interval of the Lower Goru Formation and produced 2,000 barrels of oil per day (BOPD) along with 1.1 million standard cubic f
Turkish Ambassador to Pakistan Dr Irfan Nezirogluhas emphasized the need for Pakistan and Türkiye to capitalize on the immense untapped potential in bilateral trade and investment, stating that the strong political, cultural, and historical bonds between the two brotherly countries should be translated into deeper economic cooperation. He expressed these views while talking to a delegation of t
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry here on Wednesday said Pakistan’s maritime sector offered significant investment opportunities in ports, logistics, blue economy initiatives and related infrastructure, citing the country’s strategic location and expanding trade connectivity. The minister made the remarks during an online meeting with Chairman of the Pakistan-
The All Pakistan Textile Mills Association (APTMA) has raised concerns over the absence of an interim benchmark rate for cotton pledged with banks following the closure of the Karachi Cotton Association (KCA) office. In a letter to the Governor of the State Bank of Pakistan (SBP), the association identified a discrepancy between the benchmark rate used by banks and the prevailing market price o