Business
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Inflation slows to 26-month low
SPI stands at 20.09% year-on-year vs nearly 44% in late Jan 2024
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Retailers decry highest tariff of Rs77 per unit
Say soaring costs have sparked business closures, increased poverty
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Political, economic worries pull PSX down
KSE-100 index dips 439.82 points, settles at 78,029.51
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Global stocks rise as US inflation moderates
Markets see less than 5% chance for rate cut of at least 25bps
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Cooperation with Beijing urged in flaxseed cultivation
Area under oilseed crop has remained static for 15 years as farmers face barriers
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Pak, China launch report on SEZs
Aims to boost economic collaboration, industrial growth via strategic policies
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AI policy to be presented to cabinet
Minister directs Special Task Force on AI to complete consultation process before August
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NEPRA directs K-Electric to avoid load-shedding
Writes letter to company CEO in wake of heat wave, public complaints
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Rupee strengthens amid optimistic inflow outlook
Currency gains Rs0.07, buoyed by expected foreign aid, loan rollovers
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Cabinet body mulls govt rightsizing
Considers options like closure of ministries, retention or transfer to provinces