News

Extracting dollars

YOU have no doubt heard of ‘overheating’, the word used in economic language to describe an economy that is growing, but at the same time, seeing rising inflation. This combination of growth with inflation portends trouble because it is a sign that the economy is trying to serve levels of demand that its productive apparatus is not capable of meeting. Over-extraction is something similar, bu

Billions lost: Floods spark agri-emergency call

The Pakistan Business Forum (PBF) has called for the immediate declaration of an agricultural emergency as widespread flooding devastates large swathes of Punjab and threatens similar destruction in Sindh, jeopardising national food security and economic stability. In a letter addressed to Prime Minister Shehbaz Sharif, the forum said preliminary assessments indicated the loss of approximately

Services exports rise 18.3pc in July

Pakistan’s exports of services rose by 18.27 per cent year-on-year in July — the first month of FY26 — mainly on the back of a strong performance in telecommunication, computer, and information services, official data showed on Thursday. According to figures released by the Pakistan Bureau of Statistics, services exports increased to $745.52 million in July, up from $630.38m in the correspondin

Maritime joint ventures with China explored

Shandong Xinxu Group Corporation of China has proposed establishing an Integrated Maritime Industrial Complex in Pakistan, signalling increased cooperation in port development, shipbuilding, and the blue economy. During a meeting in Beijing with Maritime Affairs Minister Muhammad Junaid Anwar Chaudhry, senior officials from Shandong Xinxu discussed potential joint ventures aligned with Pakistan

VEON to acquire TPL Insurance

Jazz has become Pakistan’s first telecommunications company to have a sister insurance company, as VEON Group — the parent company of Jazz — has reached a settlement to acquire shares and management control of TPL Insurance Ltd. The development was disclosed by TPL in a notice to the Pakistan Stock Exchange (PSX), while Jazz confirmed that the acquisition would allow it to offer tailor-made ins