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Pakistan’s textile mill cuts production over rising raw material costs, cotton shortage
Idrees Textile Mills Limited says “unfavourable market conditions” have disrupted its operations
May 18, 2026
May 18, 2026
Idrees Textile Mills Limited says “unfavourable market conditions” have disrupted its operations
Finance minister says Pakistan is exploring new technologies to support economic modernization
Domestic cotton production is projected at 6.94 million bales against the consumption of 14.15 million
Government pledges PKR 860 billion in new taxes as it ends fuel subsidies, raises power tariffs and speeds up privatization under IMF conditions
The 10-month number almost matches the exports recorded in the entire FY25
Goods imports jumped to $5.97 billion in April while remittances fell from March's high
Business body calls for exporter incentives, lower corporate taxes and higher income thresholds to boost growth and investment
MF report says Islamabad commits to debt reduction, market-based reforms and tighter oversight of foreign exchange and financial sectors
Corporate registrations rise 21% in February-April 2026 as regulator expands digitization, compliance and business facilitation measures
Fund warns poverty and slowing growth are compounding risks to macroeconomic stability
The regulator clears an extension of 104MW and an additional 100MW from TAVANIR
Surplus LNG contracts, delayed DISCO reforms and mounting energy sector financial pressures weigh on Pakistan
US 30-year Treasury yields climb above 5.1% and Japan's 30-year yield hit 4% for the first time since 1999
KSE-100 shed 5,520 points to close another week with bearish momentum
Fund warns reserves are too low to support fixed exchange rate, flags risks in banking and microfinance sectors
The reduction follows an up to PKR 150 per liter hike in fuel prices since March 1
SBP Governor Jameel Ahmad warns global uncertainty may drag Q4 growth and push inflation above 7%, even as Pakistan's external account strengthens
SBP has raised digital transaction limits from May 14 to June 5 to promote cashless payments
Facility to offer Riba-free export credit insurance, credit risk management to exporters
IMF says Pakistan still depends on a narrow tax base, with agriculture, real estate and textiles contributing too little tax
