The new Labour Force Survey has revealed that the unemployment rate in Pakistan rose to the highest level in 21 years at 7.1% in the last fiscal year, which Minister for Planning Ahsan Iqbal said was the result of the International Monetary Fund (IMF) programme and climate-induced disasters. The government on Tuesday unveiled the Labour Force Survey, which showed that the highest unemployment w
The management of Oil and Gas Development Company Limited (OGDC) has dismissed media speculation surrounding Barrick Gold’s reported corporate restructuring, assuring investors that the changes will have no impact on the Reko Diq project. This was shared during a corporate briefing session held on November 24, 2025, which was attended by brokerage house Topline Securities, as noted in a report.
Asian stocks rose on Wednesday, chasing gains on Wall Street as weaker-than-expected economic data spurred expectations that the Federal Reserve will cut interest rates at its policy meeting next month. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 1%, after US stocks ended the previous session with mild gains. Japan’s Nikkei stock index tacked on 1.8%, while US stock future
The Pakistan–Indonesia Business Council (PIBC) of FPCCI hosted an important meeting with Mudzakir M A, the Consul General of the Republic of Indonesia, at the FPCCI, marking a significant step toward strengthening bilateral trade ties between the two countries. The focus of the discussions was on expanding bilateral trade and identifying new opportunities for collaboration in key sectors, inclu
Pakistan’s auto manufacturing industry — a sector that contributes 2 percent to the national GDP, sustains 2.5 million direct jobs, and supports nearly 5 million livelihoods across its vast vendor and dealership network — is warning that the continued policy of encouraging import of used cars may destabilise one of the country’s most important industrial pillars. In FY25 alone, the automotive s