The Pakistan Sugar Mills Association blamed government policies, closed FBR portals and transport bans for nationwide sugar price hikes, rejecting claims of market manipulation. Grocers accused mills of creating an artificial crisis, while ex-mill prices in Karachi rose to PKR 185 and retail
The unsecured MSME business loans, which comprise nearly 6% of NBFC AUM, have seen an increase in delinquencies amidst higher borrower leverage and adjacencies with the microfinance customer segment, Crisil Ratings said.
The recent Goods and Services Tax (GST) cuts have given a fillip to unit sales across vehicle categories, particularly cars, and this momentum is likely to continue with a steady growth of 16-17% over this fiscal and the next.
Residents of Karachi's district Central protested at the Sakhi Hasan hydrant over severe water shortages. Dawn reported that repeated pumping station shutdowns caused major supply disruptions, though KWSC said power issues were resolved and normal water service had resumed.
Afghan migrants returning from Pakistan are facing severe hardships as winter sets in, struggling to meet basic needs such as shelter, food, and identification documents, according to interviews with returnees, Tolo News reported.
Karachi is facing a severe water shortage this month as prolonged electricity outages disrupted operations at key pumping stations across the city, the Karachi Water Corporation reported, ARY News reported.
Israel has breached the United States-brokered Gaza ceasefire almost 500 times in just 44 days, resulting in the deaths of hundreds of Palestinians since the truce came into effect on October 10, Al Jazeera reported, citing the Gaza Government Media Office's statement.
Lawyers from the Karachi Bar Association protested at the Sindh High Court against the 27th Constitutional Amendment, which created the Federal Constitutional Court. Judges and lawyers criticised the move, and two Supreme Court judges resigned. Protests, clashes and strikes disrupted court p
Bollywood actress Kriti Sanon, who hails from Delhi, has expressed deep concern over air pollution in the national capital, saying it is getting "worse and worse" and something needs to be done about it.
Pakistan's short-term inflation has risen for the 16th straight week as food and energy prices continue to climb. Supply disruptions from the Pakistan-Afghanistan border closure and rising sugar and meat costs have deepened market shortages, straining households already struggling with shrin