Category: business and economy

The International Monetary Fund (IMF) has concluded its visit to Pakistan following discussions with federal and provincial authorities on economic reforms, fiscal targets, and the budget framework for FY2027 under the country’s ongoing IMF-supported programmes. In a statement issued early Thursday, the IMF said its mission visited Islamabad from May 13 to May 20 to review recent economic developments, implementation of reforms, and Pakistan’s budget strategy for the next fiscal year. The mission, led by Iva Petrova, held what it described as “constructive discussions” with Pakistani authorities on key economic…

Read More

Sevenoaks, United Kingdom: Trans Global Projects (TGP) has strengthened its commercial capabilities in the United Kingdom with the appointment of Richard Jones, who will lead business development activities across the UK market. Richard Jones brings more than 30 years of experience in project logistics, freight forwarding, and supply chain management, with extensive expertise in managing complex, technically demanding, and schedule-critical international projects. His career combines senior commercial leadership with practical project execution and chartering experience, enabling a realistic and delivery-focused approach to logistics planning. He holds an MBA in Shipping…

Read More

ISLAMABAD: The administration of former US President Donald Trump has backed a $2.4 billion investment proposal by American firm Securiport to deploy advanced passenger screening systems at major airports across Pakistan. According to official documents, US Chargé d’Affaires Natalie A Baker has urged Pakistani authorities to consider the proposal, which aims to install Advanced Passenger Information (API) and Passenger Name Record (PNR) systems. These technologies would enhance border security by enabling real-time identification of criminal and transnational threats. The proposed system ensures secure data transfer from airlines to the government,…

Read More

As of 2026, more than 30 countries across the world are generating electricity through nuclear power, highlighting its growing importance as a reliable and low-carbon energy source. According to the World Nuclear Association, the United States, China, and France remain the top nuclear power producers globally. The United States leads with around 94 operational reactors, making it the largest producer of nuclear electricity. China ranks second, rapidly expanding its nuclear fleet with over 60 reactors as part of its clean energy transition strategy. France continues to rely heavily on nuclear…

Read More

Pakistan’s diplomatic efforts to secure a ceasefire in the Middle East deserve due recognition. One looks forward to the positive outcomes of the Islamabad Peace Summit and its potential to revive the global economy over the medium to long term. However, short-term diplomacy does not immediately ease supply fears, price spikes or market volatility caused by war, including Pakistan’s recent fuel price decisions. The latter, despite the prime minister’s reduction in the petrol levy, have faced criticism as harsh, and for millions of households, they definitely are. Petrol and diesel…

Read More