Looming Crisis: Textile Sector’s Plea for Government Intervention

The textile industry faces a dire situation with over 50% of firms at risk of closure due to soaring energy prices.

Chocolate Giants Navigate Price Hikes Amid Surging Cocoa Costs

Hershey and Cadbury makers plan price hikes to offset soaring cocoa prices, as consumer demand softens due to inflation impact.

Pakistan’s Exports to Afghanistan Increase by 3.63% in Fiscal Year 2023-24

Pakistan's exports to Afghanistan showed a modest increase in fiscal year 2023-24, as reported by the State Bank of Pakistan.

Cargo Through Suez Canal Plummets by 45%

Houthi attacks in the Red Sea lead to a 45% decline in Suez Canal Cargo, triggering global trade disruptions.

State Bank of Pakistan to Introduce New Currency Notes

SBP plans to introduce new currency notes with international security features, sparking cautious optimism from financial experts.

Elon Musk Warns Chinese Manufacturers Could Dominate Global Market Sans Trade Barriers

Elon Musk warns that Chinese EV manufacturers could outperform global competitors, including Tesla, unless trade barriers are in place.

IMF Review Mission Post General Elections

The outcome of these agreements will play a crucial role in formulating the next budget for the fiscal year 2024-25.

Apple Surpasses Samsung to Claim Top Spot in Global Smartphone Market

Apple's strategic focus on premium devices secures its leadership, while Samsung faces profit warnings and increased competition.

Government Considers Substantial Petrol Price Cut

Pakistan considers a petrol price cut amid security concerns, aligning with international oil trends and strengthening the local currency.

China Breaks Annual Crude Import Record in 2023

China breaks 2020's crude import record in 2023, fuel demand recovery post-Covid, economists predict continued growth in 2024.

US-UK Strikes in Yemen Escalate Oil Prices and Global Trade Concerns

Attacks on Yemen cause a 4% surge in oil prices, triggering global trade disruptions and economic concerns.

Federal Debt Rises Modestly in November 2023

The surge in Pakistan's total federal debt is primarily attributed to a robust increase in long-term domestic debt.