Business News Archive - Page 59

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Finance Division sees January inflation staying near 5-6%

Finance Division sees January inflation staying near 5-6%

The Finance Division expects January inflation to stay within the 5% to 6% range, pointing to continued macro stability. Its monthly outlook highlights improving manufacturing indicators, strong remittances and steadier inflation compared with last year.

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EU and India seal landmark trade pact after two decades of talks

EU and India seal landmark trade pact after two decades of talks

India and the EU announced a sweeping trade pact after two decades of negotiations, aiming to create a market of about two billion people. The deal would cut tariffs on most European exports and reduce duties on cars and wines, while opening access across services and other sectors.

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Pakistan to press IMF for budget flexibility ahead of 2026-27 plan

Pakistan to press IMF for budget flexibility ahead of 2026-27 plan

Pakistan is expected to ask the IMF for greater flexibility while finalising the 2026-27 budget framework, citing the need for fiscal breathing room. Officials say the government may seek adjustments to the remaining EFF/RSF programme period and raise proposals tied to exports, investment, energy costs and credit growth.

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Europe stocks drop as Trump links Greenland bid to fresh tariffs

Europe stocks drop as Trump links Greenland bid to fresh tariffs

European markets fell after Donald Trump threatened new tariffs on several European countries and linked tougher measures to a proposal for the US to buy Greenland. Luxury, auto and tech stocks led losses as officials in Europe discussed possible countersteps.

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PSX jumps as rate-cut expectations build ahead of SBP meeting

PSX jumps as rate-cut expectations build ahead of SBP meeting

Pakistan’s benchmark KSE-100 index climbed sharply as investors priced in potential SBP rate cuts and reacted to a modest uptick in reserves. Analysts cited improving sentiment in mid-caps and expectations of cheaper funding, while policymakers signalled broader financial-market modernisation efforts.

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App spending jumps to $155.8B in 2025 as subscriptions power revenue growth

App spending jumps to $155.8B in 2025 as subscriptions power revenue growth

Appfigures data cited by Geo.tv shows 2025 app downloads dipped to about 106.9B, but consumer spending surged to roughly $155.8B as subscriptions and in-app purchases drove revenue. Non-game apps grew faster than games, signalling a broader shift in how mobile earnings are generated.

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Petrol may fall Rs4.59/litre from Jan 16 as global oil softens

Petrol may fall Rs4.59/litre from Jan 16 as global oil softens

Fuel prices in Pakistan are expected to decline from January 16 for the next fortnight. Estimates suggest petrol may fall by Rs4.59 per litre, with smaller reductions projected for diesel, kerosene, and LDO amid softer global oil outlooks.

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Aurangzeb cites high taxes, energy costs as firms exit Pakistan

Aurangzeb cites high taxes, energy costs as firms exit Pakistan

Finance Minister Muhammad Aurangzeb said some firms are leaving Pakistan due to high taxes and expensive energy, while new foreign investors are also entering. He outlined ongoing reforms in taxation, state enterprises, privatisation, and debt management.

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