Rain breaks nearly four-month long dry spell; Murree receives three inches of snow – Pakistan

RAWALPINDI: After more than three-and-a-half months, the twin cities of Rawalpindi and Islamabad received rain with snowfall in Murree on Thursday. The rain came as a blessing for people, especially farmers in the Potohar region, as it ended the drought-like conditions. However, the rain turned main roads in Rawalpindi into rivulets creating hardship for the residents of low-lying…

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Stocks stay buoyant on strong earnings – Business

KARACHI: Despite a contraction in Large-Scale Manufacturing (LSM) during the first half of the current fiscal year, equity investors remained optimistic, helping the market extend gains for the third consecutive session on Thursday. The big industry production shrank 1.87 per cent year-on-year in July-December FY25. Topline Securities Ltd said the benchmark KSE 100 index showed…

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Logistics industry faces staggering losses – Business

KARACHI: Pakistan’s logistics industry faces annual losses of around $36 billion due to offline trade, potentially resulting in the loss of two to three million jobs. Experts emphasised these concerns at the Pakistan Logistics and Shipping Summit 2025, which was held on Thursday. According to a press release, industry leaders emphasised that real-time solutions, including…

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Profit outflows surge 90pc in July-Jan – Business

KARACHI: The profit outflows slightly decreased in January but were still higher by 90 per cent in the first seven months of FY25, according to State Bank of Pakistan (SBP) data released on Thursday. Despite the country’s challenges on the external front amid falling foreign exchange reserves, the central bank kept allowing the repatriation of…

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A malleable agenda

AS the new world order takes shape, with Trumpism at the forefront, many of us can only watch with bemused interest how, globally, priorities and interests are radically shifting. Diversity, equity and inclusion are dead in the water. Environmental and climate change considerations can unashamedly be relegated to the back row. Their inclusion in the…

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