The company said on Thursday that Toyota Motor expects its operating profit to decrease by 20 % in the current fiscal year due to the weakest US dollar impact and uncertainty surrounding President Donald Trump’s definitions. The world’s largest car maker expected 3.8 trillion yen ($ 26 billion) for the year ending in March 2026, … Read more
A significant decrease in the electricity tariff for industrial and local consumers is expected by June 2025, according to the Secretary of the Authority, Dr. Fazer Allam Erfan. This announcement came during a meeting of a Senate Committee for the Authority, where officials discussed the spices of revised or expired contracts with independent energy producers … Read more
WashingtonThe International Monetary Fund is preparing to unveil its latest forecast for the global economy on January 17, with expectations of steady global growth and a gradual decline in inflation, according to IMF Managing Director Kristalina Georgieva. Speaking on Friday, Georgieva highlighted that the US economy is performing “better than expected” but noted significant uncertainty … Read more
According to the China Passenger Car Association (CPCA), China’s automobile exports are expected to slow in 2025 after maintaining its position as the world’s largest automobile exporter for the second consecutive year in 2024. Export growth is expected to decline to 10%, with electric vehicle shipments expected to stagnate, CPCA Secretary-General Cui Dongshu said on … Read more
The Water and Power Development Authority (WAPDA) has concluded a Rs1.14 billion contract for Institutional Assessment and Reforms Consulting (IARC) with a group of international and local companies. The consortium includes France-based Ginger Sofrico, Uruguay’s GME, and Pakistan’s Warm Waters Advisory. IARC is a World Bank-funded project with a total value of Rs 1.14 billion. … Read more
Federal Minister for Law and Justice Azam Nazir Tarar informed the National Assembly on Thursday that the government is optimistic about receiving better bids in its second attempt to privatize Pakistan International Airlines (PIA) after a previous failed attempt. During the Question Hour, the Minister emphasized that restoring PIA’s routes to Europe could positively impact … Read more
State Bank of Pakistan (SBP) Governor Jamil Ahmad announced that a drop in the key interest rate to 13% will save the government Rs1.5 trillion in interest payments during the current fiscal year (FY25). Speaking to a private news channel, the Governor of the State Bank of Pakistan said that this saving will support the … Read more
The European Aviation Authority is set to announce its decision on the request of the Civil Aviation Authority (CAA) to lift the ban on Pakistani airlines operating in the European Union. The decision comes after a crucial three-day meeting of the European Air Safety Committee held in Brussels from 19 to 21 November. The committee … Read more
The KSE-100 index, Pakistan’s index of stock market performance, is expected to reach 120,010 points by December 2025, according to Arif Habib Limited (AHL)’s latest report titled ‘Pakistan Investment Strategy 2025’. This expected growth indicates a return of 27% over the next 13 months, driven by stabilizing macroeconomic fundamentals and an undervalued stock market. “Current … Read more
A man sits next to the Bank of England in the financial district of London, Britain, August 14, 2024. – Reuters The Bank of England cut interest rates for only the second time since 2020. “We need to make sure that inflation stays close to target,” the governor says. Rachel Reeves’ Budget is expected to … Read more