THE damage from climate change-induced natural disasters to property, businesses, and critical infrastructure is evident worldwide. However, understanding climate change impacts on the output of economies is vital to developing the resilience of social and economic systems. Certain industries such as agriculture, fisheries, housing and real estate, and tourism are under huge stress due to increasi
The bull run in Pakistan’s capital market is encouraging, but the outlook for critical long-term investments appears less optimistic. For instance, the multi-billion-dollar copper and gold project at Reko Diq in Balochistan’s Chagi district may face delays in materialising, despite the active involvement of Canadian giant Barrick Gold, which holds commanding 50 per cent stake in the venture. Th
Monetary Policy Committee notes inflation outlook susceptible to multiple risks, meeting revenue surplus targets will be uphill task Core inflation ‘sticking’ around 9.7pc-mark, despite aggressive cuts during 2024; real GDP growth in FY25 to remain in 2.5pc-3.5pc range KARACHI: The interest rate is now at 13 per cent after the central bank slashed it by 200 basis points on Monday — in line wit
The Pakistan Railways (PR) administration on Monday transferred seven officers, including four grade-20 officers. According to notifications, Muhammad Hafeezullah (BS-20) was posted as director general (property & land) at the PR’s headquarters in Lahore after completing the 121st National Management Course. Mr Amjad Iqbal has been relieved of the look-after charge of this post. Rizwanul Haq
Despite a downward interest rate trajectory, the Large-Scale Manufacturing (LSM) sector contracted 0.64 per cent in the first four months of the current fiscal year, data released by the Pakistan Bureau of Statistics showed on Monday. The LSM grew slightly at 0.02pc in October on a year-on-year basis. However, it dipped 2.24pc on a month-on-month basis. Since August, the LSM declined for thr