Emirates Airline reported a record annual profit on Thursday as strong global travel demand helped the Dubai carrier overcome disruptions caused by military activity in the Gulf during the final month of its fiscal year. The airline said profit for the year ending March 2026 climbed more than 3 per cent to Dh19.7 billion ($5.4 […]
Pakistan Trade Deficit Hits 46-Month High as Imports Surge
Pakistan’s trade deficit crossed $4 billion in April 2026, marking the highest monthly gap in 46 months, as rising imports outpaced export growth, official data showed. Figures released by the Pakistan Bureau of Statistics showed the deficit stood at $4.07 billion in April. This reflects a nearly 4% increase from $3.92 billion recorded in April […]
Pakistan’s Tax Shortfall Hits Rs683 Billion as Fuel Prices Rise
Pakistan’s tax shortfall has widened to Rs683 billion in the current fiscal year, increasing pressure on authorities to raise fuel levies to meet fiscal targets agreed with the International Monetary Fund. The Federal Board of Revenue collected Rs10.26 trillion during the July to April period of fiscal year 2025-26. However, the amount fell significantly short […]
Airlines’ Busiest Summer Holiday Season Under Pressure as Fuel Costs Soar
European airlines are heading into the crucial summer holiday season under growing pressure as the Iran-linked conflict drives up jet fuel prices and disrupts key travel routes, threatening their most profitable period of the year. The summer months typically deliver the highest earnings for airlines, driven by strong leisure travel demand across Europe, the Middle […]
Pakistan Could Hit $50 Billion Remittances With Crypto Legalisation
Pakistan’s annual remittance inflows could rise to $50 billion if cryptocurrencies are legalised and properly regulated, according to Malik Bostan, chairman of the Exchange Companies Association of Pakistan. Speaking at a meeting of exchange company stakeholders on April 28, Bostan said remittances currently stand at around $38 billion. He argued that integrating digital assets into […]
Property Market Set for Overhaul as Pakistan Moves to End Property File System
Pakistan is set to introduce sweeping real estate reforms within the next two months, aiming to overhaul how property transactions take place across the country. A key change includes abolishing the long-standing “property file system,” a practice where plots are traded on paper without clear ownership or development. Officials say the proposals will soon go […]
From Lab to Loom: How India’s Silk Industry Is Reinventing Itself
India silk industry renewal is gathering pace as science, technology, and entrepreneurship reshape one of the country’s oldest rural industries. Across states like Andhra Pradesh, farmers and startups are blending research with tradition to revive sericulture and boost incomes. Dr Jolapuram Umamaheswari represents this shift. She left her career in Singapore and returned to India […]
Big Relief or Bigger Pressure? Pakistan Repays $2 Billion to UAE
Pakistan has completed a major external debt repayment of approximately Rs345 billion to the United Arab Emirates, the State Bank of Pakistan confirmed, marking a significant step in the country’s ongoing efforts to meet its international financial obligations and stabilize its economy. A spokesperson for the central bank said the government had repaid $2 billion […]
IMF Imposes New Conditions on Pakistan for $1.2bn Loan
Pakistan has agreed to meet 11 new conditions set by the International Monetary Fund as it seeks approval for the next $1.2 billion tranche under its ongoing bailout programme, adding fresh pressure on the government to push through key economic reforms. The new conditions were introduced during the latest review of the $7 billion Extended […]
Pakistan’s Freelancers Shine Globally as Earnings Hit $856 Million With 50% Surge
Pakistan’s freelance sector has recorded a strong surge in earnings, bringing in $856 million during the first nine months of the current fiscal year, reflecting a 50% increase compared to the same period last year, according to official data. The sharp rise highlights the growing importance of freelancing as a key contributor to Pakistan’s digital […]