Ismail Dilawar

Pakistan’s smaller textile companies are curtailing production or selling assets to pay debt after high energy and borrowing costs hurt businesses.

A security guard shot and injured two Chinese nationals at a textile factory in Pakistan’s commercial hub of Karachi, an attack that is not linked to militancy according to initial probe, a police spokesman said.

Pakistan’s stocks are expected to advance by more than a quarter by the end of next year as the nation’s economy shows improvement under loan program with the International Monetary Fund and the currency stabilizes, according to two brokerage houses.

Pakistan’s authorities have arrested hundreds of supporters of incarcerated leader Imran Khan amid skirmishes with the police in multiple cities and blocked highways after the former premier’s call to converge in the capital Islamabad.

Pakistan’s former Prime Minister Imran Khan’s party has announced a sit-in after thousands of his supporters breached roadblocks and clashed with police for two days to converge in Islamabad in deadly protests that killed at least six people.

Pakistan cut its benchmark interest rate to the lowest in more than two years as easing inflation provides room for the central bank to boost growth.

Militants belonging to Tehreek-i-Taliban Pakistan or TTP said they will now target local businesses, including listed firms, owned by the South Asian nation’s powerful army. The statement by the terrorist group loosely affiliated with Afghanistan Taliban on Sunday evening comes days after the two nations clashed at the border.

Pakistan International Airlines resumed its flights to Europe on Friday after the European Aviation Safety Agency lifted its four-year safety standards ban.

The sale of tractors in Pakistan almost tripled last month as the nation’s biggest crop producing province started selling the farm equipment on subsidized rates to boost crops.

Pakistan cut its benchmark interest rate to the lowest in almost three years as cooling inflation provides space for policymakers to bolster growth.