Cotton, a vital crop for Pakistan’s agricultural industry, faces a severe threat from an unprecedented heatwave sweeping across the majority of the country’s cotton-growing regions. This hike in temperatures is expected to cause a significant 5 to 10 percent drop in per-acre yield, according to industry experts. Ahsan-ul-Haq, the chairman of the Cotton Ginners Forum,...
The new Federal Budget of 2025-26 has come under stinging criticism by Jamaat-e-Islami Karachi, with its Ameer, Munam Zafar Khan, calling it a “riddle of words and figures” that goes significantly against the megacity’s immediate needs. Addressing a press conference at Idara Noor-e-Haq, Munam elaborated carefully on the budget’s deficiencies, especially its effects on Karachi’s...
P@SHA, the Pakistan Software Houses Association, has expressed significant disappointment over the new federal budget for 2025-26, describing it as a major setback for the country’s growing information technology sector. The association brings to light the fact that the budget notably misses two key requirements of the IT industry, a move that may have far-reaching...
Dr. Khalid Maqbool Siddiqui, leading a delegation of MQM Pakistan, met with Prime Minister Shehbaz Sharif to discuss the budget for the next financial year and the development projects of urban Sindh. Federal Minister for Health Syed Mustafa Kamal, Dr. Farooq Sattar, Javed Hanif, and Syed Aminul Haq were also a part of the delegation....
The Sindh government is actively engaged in finalizing budget proposals for the upcoming fiscal year 2025-26, with a significant emphasis on bolstering the capabilities of the Karachi Police to address the ongoing challenges of street crime and frequent public demonstrations. Faced with the persistent issues of robberies and daily protests in the metropolis, the Karachi...
Gold prices have witnessed a substantial increase both internationally and within Pakistan today. The price of 24-karat gold per tola has surged by PKR 2,400, reaching PKR 338,500. Similarly, the price of 10 grams of gold has increased by PKR 2,058, climbing to PKR 290,209. In the international market, the price of gold per ounce...
Following the directives of Provincial Minister Mukesh Kumar Chawla, the Sindh Excise and Taxation Department’s ongoing road-checking campaign continues to yield significant results in tax recovery across the province. A spokesperson for the Excise and Taxation Department today released the details of the road-checking campaign conducted from May 1st to May 15th. According to the...
Concerns among stock market investors in Karachi, triggered by the International Monetary Fund’s (IMF) presentation of an 11-point agenda to the government, resulted in a day of significant volatility on the Pakistan Stock Exchange (PSX) today, the first day of the business week. Blue-chip stocks experienced persistent selling pressure throughout the trading session. The market...