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BRICS to denounce Trump tariffs

BRICS leaders meeting in Rio de Janeiro from Sunday are expected to decry Donald Trump’s hardline trade policies, but are struggling to bridge divides over crises roiling the Middle East. Emerging nations representing about half the world’s population and 40 percent of global economic output are set to unite over what they see as unfair […]

27 people dead in Texas flooding

Some 27 people, including nine children, have been confirmed dead after flash floods in central Texas, authorities said on Saturday, as rescuers continued a frantic search for survivors including dozens still missing from a girls’ summer camp. The sheriff’s office in Kerr County, Texas said more than 800 people had been evacuated from the region […]

Solar shift key to economic gains

Convener of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Regional Committee on Food, Shahid Imran, said Pakistan stands to gain substantial environmental and economic benefits from a nationwide shift to solar energy. Speaking to a delegation of industrialists led by Zia Ur Rehman, he emphasised that with over 300 sunny days a […]

Local mobile production up, sales down

Despite growing local manufacturing, Pakistan’s mobile phone market continues to face headwinds, as locally manufactured and assembled handset sales declined by 8% year-on-year during both the first five months of 2025 and the broader 11-month period of FY25, according to data released by the Pakistan Telecommunication Authority (PTA). Despite a 4% year-on-year rise in production […]

Digitalisation key to efficient economy: PFC

Pakistan Furniture Council (PFC) Chief Executive Officer Mian Kashif Ashfaq has said that digitalisation is the cornerstone of establishing a transparent, accountable, and efficient economy. Chairing a meeting of the PFC Board of Directors on Saturday, he emphasised that the adoption of modern digital tools and technologies not only enhances transparency in financial transactions but […]

SMEDA, Akhuwat join hands

In line with the prime minister’s vision of inclusive economic growth through grassroots entrepreneurship, the Small and Medium Enterprises Development Authority (SMEDA) has signed a Memorandum of Understanding (MoU) with Akhuwat Islamic Microfinance (AIM) to improve access to finance, formalisation, and hand-holding of micro enterprises across Pakistan. According to an official statement released on Saturday, […]

Govt eyes $200m from tuna exports

Pakistan is poised to gain $200 million from the export of tuna fish in the coming years due to an overhaul of the industry. Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry, has announced that Pakistan’s tuna sector is set for a $200 million boost following global quota allocations and regulatory reforms. For the […]