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Karachi's Gul Plaza Fire: More then 2 Dozen Bodies from One Shop Push Death Toll Higher
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Karachi’s Gul Plaza Fire: More then 2 Dozen Bodies from One Shop Push Death Toll Higher

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A devastating fire that erupted late Saturday at Gul Plaza, a multi-storey shopping centre on MA Jinnah Road in Karachi’s bustling business district, has claimed numerous lives, with rescue operations revealing grim discoveries. Read More: https://theboardroompk.com/karachis-gul-plaza-inferno-cm-sindh-announces-rs10m-compensation-for-arpxx-rs100b-loss/ The blaze raged for over 24 hours before being brought under control, causing partial collapses in the building that housed around 1,200 shops across a large area. Tragic Discovery in Crockery Shop On Wednesday, rescue teams recovered multiple bodies—estimates ranging from 20 to 30—from a single crockery shop (reported as shop number 144) on the mezzanine floor. DIG South Asad Raza confirmed the find, noting human remains were pulled from the debris. Officials warned the overall death toll, previously reported around 28–30 by sources like Edhi and police, is likely to climb further as searches continue. Ongoing Rescue Challenges Firefighting shifted to cooling operations and debris removal by Sunday, but unstable upper floors, lingering smoke, heat, and structural risks have severely hampered access. Rescue 1122 and other teams persist despite dangers, with concerns that more victims remain trapped. Over 70–80 people were still listed as missing earlier in the week, though some have been traced or accounted for. Impact and Official Response The incident, one of Karachi’s worst fires in over a decade, has highlighted safety lapses in densely packed commercial buildings, including inadequate fire exits and overcrowding. Authorities are conducting DNA identification for many unrecognizable remains, with some bodies identified including minors. No official cause has been confirmed yet, but the rapid spread intensified the tragedy. The search enters its fifth day with no immediate plans to demolish the structure until all missing are accounted for.

Another Blaze Hits Karachi: New Sabzi Mandi Fire Contained After Quick Response
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Another Blaze Hits Karachi: New Sabzi Mandi Fire Contained After Quick Response

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A fire broke out at Karachi’s New Sabzi Mandi (vegetable wholesale market) on Tuesday, January 20, 2026, engulfing several shops and sheds, and sending thick plumes of smoke visible across the area. The blaze, which reportedly started in one of the vendor sheds or warehouses, caused panic among traders, workers, and nearby residents. Read More: https://theboardroompk.com/safety-isnt-a-burden-its-survival-why-gul-plaza-baldia-remind-us-of-the-real-cost-of-cutting-corners/ This incident comes just days after the devastating Gul Plaza mall fire on MA Jinnah Road, which claimed at least 23 lives, left dozens missing, and caused massive economic damage. Immediate Response and Containment Efforts The Karachi Metropolitan Corporation (KMC) Fire Brigade, along with Rescue 1122 teams, quickly responded to the scene near Super Highway/Sohrab Goth. Multiple fire tenders were deployed, and firefighting operations brought the flames under control relatively swiftly in most reports. Officials confirmed that the fire was contained without spreading to the entire market, though several shops and storage areas were damaged or burnt. Initial accounts described the blaze starting in vegetable vendor sheds, with flames spreading to nearby structures filled with goods. No casualties or injuries have been reported so far, marking a contrast to the Gul Plaza tragedy where delayed response and resource shortages exacerbated the crisis. Traders expressed fears of significant financial losses due to destroyed perishable goods and infrastructure, though exact damage estimates were not immediately available. Context Amid Rising Fire Safety Concerns The New Sabzi Mandi incident highlights ongoing challenges in Karachi’s fire safety infrastructure, especially following the Gul Plaza inferno that exposed deficiencies in fire tenders, water supply, and building compliance. Social media users and local observers noted the rapid arrival of fire brigade units this time, but some early reports claimed delays, with shopkeepers initially attempting to fight the blaze themselves. Authorities are assessing the cause—possibly electrical faults or accidental ignition amid dry, flammable materials common in wholesale markets. This event underscores the need for urgent improvements in fire prevention, equipment, and staffing across high-risk commercial areas in Karachi. Traders and residents have called for stricter enforcement of safety standards to prevent further incidents in densely packed markets.

Karachi's Gul Plaza Inferno: CM Sindh Announces Rs10M Compensation for Arpxx Rs100B loss
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Karachi’s Gul Plaza Inferno: CM Sindh Announces Rs10M Compensation for Arpxx Rs100B loss

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A devastating fire ripped through Gul Plaza, a bustling multi-storey shopping mall on Karachi’s busy M.A. Jinnah Road, starting late on Saturday night, January 17, 2026, around 10:15 PM. The blaze, believed to have originated from a short circuit, engulfed the building rapidly due to flammable goods and poor ventilation, turning the commercial hub housing over 1,200 shops into a scene of chaos. Read More: https://theboardroompk.com/sindh-cm-approves-pkr-9-28-billion-for-karachi-industrial-infrastructure/ The fire raged for more than 34 hours before being largely brought under control, marking one of the city’s worst fire incidents in over a decade. Rescue operations involved 24 fire engines, multiple bowsers, snorkels, and over 200 firefighters from KMC and Rescue 1122, supported by Rangers and other forces. Thick smoke, collapsing structures, and intense heat severely hampered efforts, with teams continuing to search through smouldering debris. Rising Death Toll and Ongoing Search As of January 19, 2026, the death toll has climbed to at least 23, including a brave firefighter who lost his life in the line of duty. Dozens more — reports varying between 46 and over 60 — remain missing, with authorities fearing the number of fatalities could exceed 50 as recovery continues. Several injuries have also been reported, and many traders and workers have been left unemployed overnight, facing immense financial hardship. Government Response and Compensation Announcement Addressing a press conference with business community representatives, Sindh Chief Minister Murad Ali Shah announced Rs10 million (approximately $36,000) in compensation for the family of each deceased victim, stating there can be no price for a life but emphasizing immediate government support. The loss is estimated around Rs100 billion by the market. He formed an investigation committee led by Karachi Commissioner Syed Hassan Naqvi to probe the cause, with forensic assistance from Lahore. CM Shah vowed to rebuild the plaza, rehabilitate affected shopkeepers through temporary spaces, and immediately implement the 2024 Fire Safety Audit across 145 commercial buildings in Karachi to prevent future tragedies. The incident has sparked calls for accountability and better emergency preparedness in the city.

Karachi's Gul Plaza Inferno: Death Toll Hits 14, Dozens Still Missing After 36-Hour Blaze
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Karachi’s Gul Plaza Inferno: Death Toll Hits 14, Dozens Still Missing After 36-Hour Blaze

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A catastrophic fire that engulfed the historic Gul Plaza shopping centre on Karachi’s MA Jinnah Road has claimed at least 14 lives, including a dedicated firefighter, while dozens remain missing amid ongoing search and rescue efforts. The blaze erupted late Saturday night around 10:15-10:38 PM on January 17/18, 2026, originating from a ground-floor shop dealing in artificial flowers and plastics. Read More: https://theboardroompk.com/elon-musk-demands-up-to-134-billion-from-openai-microsoft-over-wrongful-gains/ Highly flammable materials and a suspected gas leakage explosion fueled the rapid spread across multiple floors of the pre-Partition era building, which housed around 1,200 shops. After more than 33 hours of intense firefighting involving Rescue 1122, Pakistan Navy tenders, Rangers, and other agencies, the fire was finally brought under control early Monday, though parts of the structure collapsed, complicating recovery operations. Over 20 people sustained injuries, many with severe burns, and traders face billions in losses as livelihoods were devastated. Rescue Challenges and Human Toll Rescuers faced extreme hazards from thick smoke, intense heat, structural instability, and partial collapses that buried victims under debris. Bodies were recovered gradually, pushing the death toll from initial reports of six to 14, with some remains beyond immediate identification. Around 60-65 people were reported missing at peak, with families clinging to desperate final messages and calls from trapped loved ones—including those shopping for weddings or daily needs. A pregnant woman was among those feared trapped. Operations shifted from firefighting to debris clearance and body recovery, with Navy personnel and heavy equipment aiding access. Official Response and Safety Concerns High-level officials, including Prime Minister Shehbaz Sharif, President Asif Ali Zardari, Sindh CM Murad Ali Shah, Governor Kamran Tessori, and Karachi Mayor Murtaza Wahab, expressed condolences and directed immediate medical aid, financial support, and investigations. Traders and residents criticized delayed initial response and inadequate fire safety in older buildings, highlighting absent sprinklers, poor exits, and lax enforcement. Calls grew for urgent audits and stricter regulations to prevent future tragedies in Karachi’s crowded commercial hubs.

Pakistan National Shipping Corporation Fleet Expansion Strengthens Maritime Capacity
Breaking News, Pakistan

Pakistan National Shipping Corporation Fleet Expansion Strengthens Maritime Capacity

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Pakistan National Shipping Corporation fleet expansion has taken a significant step forward with the addition of a modern Aframax oil tanker, M.T Karachi, reinforcing the country’s strategic maritime and energy transportation capabilities. The development was disclosed through an official filing to the Pakistan Stock Exchange (PSX) on Tuesday, signaling PNSC’s continued focus on fleet modernization and long-term growth. Read More: https://theboardroompk.com/pakistan-defence-exports-potentially-hit-13bn-mark/ The newly inducted vessel operates under Karachi Shipping (Private) Limited, a subsidiary structure aligned with PNSC’s expansion strategy. With a deadweight tonnage (DWT) of 109,990 tonnes, the tanker enhances the national carrier’s ability to transport crude oil and petroleum products efficiently across regional and international routes. Pakistan National Shipping Corporation Fleet Expansion: Key Highlights The addition of M.T Karachi marks a notable milestone for Pakistan’s only national flag carrier in the shipping sector. Aframax tankers are widely used in global oil transportation due to their optimal size, fuel efficiency, and ability to access a wide range of ports. In simple terms, the vessel’s capacity allows it to carry nearly 110,000 metric tonnes of cargo, making it suitable for medium-haul crude oil routes and energy supply chains. This acquisition strengthens Pakistan National Shipping Corporation’s operational resilience at a time when global shipping markets remain volatile and energy security is a top national priority. Strategic Importance of PNSC Fleet Expansion Pakistan National Shipping Corporation fleet expansion is closely aligned with Pakistan’s broader economic and energy objectives. By expanding its tanker fleet, PNSC reduces the country’s reliance on foreign-chartered vessels, which often expose importers to fluctuating freight rates and foreign exchange pressures. Industry analysts note that owning and operating modern tankers can significantly lower transportation costs for crude oil imports while improving foreign exchange savings. Additionally, an expanded fleet supports consistent revenue generation for PNSC through long-term charter contracts and spot market opportunities. Pakistan National Shipping Corporation and Energy Security The maritime transport of oil and petroleum products remains a backbone of Pakistan’s energy supply chain. The induction of M.T Karachi enhances PNSC’s role as a strategic national asset capable of supporting uninterrupted fuel imports during global supply disruptions. From a business perspective, the vessel also improves operational flexibility, allowing PNSC to serve both domestic and international clients. This strengthens the corporation’s competitive positioning in the regional shipping market while supporting Pakistan’s trade logistics ecosystem. Outlook for Pakistan National Shipping Corporation Fleet Expansion Looking ahead, Pakistan National Shipping Corporation fleet expansion is expected to remain a key focus area as the company pursues modernization and profitability. Market observers anticipate further additions to the fleet, particularly in energy and bulk cargo segments, to capitalize on rising regional trade and energy demand. The induction of M.T Karachi reflects a clear strategic intent: building a stronger, more self-reliant national shipping fleet capable of supporting economic stability, trade growth, and energy security.

BYD New Energy Vehicle Sales 2025 Set New Global Benchmark
Breaking News, World

BYD New Energy Vehicle Sales 2025 Set New Global Benchmark

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BYD New Energy Vehicle Sales 2025 have once again positioned the company as the world’s leading New Energy Vehicle (NEV) manufacturer, with global sales surpassing 4.6 million units. This achievement allows BYD to retain its No.1 global ranking, underscoring its dominance in the fast-growing electric and hybrid vehicle market. Read More: The milestone reflects BYD’s sustained momentum in a highly competitive automotive landscape, driven by technological innovation, superior product quality, and a strong commitment to customer-centric mobility solutions. BYD New Energy Vehicle Sales 2025 Highlight Global Leadership BYD’s performance in 2025 reinforces its long-standing leadership in the NEV sector. The company has successfully navigated shifting consumer preferences, regulatory transitions, and global sustainability demands by focusing on electric and plug-in hybrid technologies. A defining highlight of BYD New Energy Vehicle Sales 2025 is its international breakthrough. For the first time, BYD’s overseas sales crossed the one-million-unit mark in a single year, demonstrating strong global confidence in the brand. This expansion signals BYD’s transformation from a China-centric manufacturer into a truly global NEV powerhouse, with increasing presence across Asia, Europe, the Middle East, and emerging markets such as Pakistan. BYD Pakistan Growth Reflects Rising NEV Adoption Commenting on the company’s performance, Lei Jian, Country Head of BYD Pakistan, described 2025 as a landmark year. He highlighted that beyond record-breaking global sales, BYD is witnessing exceptional acceptance outside its home market. Since entering Pakistan in 2024, models including the BYD ATTO 3, BYD SEAL, and BYD SHARK 6 have generated strong consumer interest. Pakistani buyers are increasingly embracing advanced electric vehicle technologies that deliver efficiency, performance, and sustainability—aligning with BYD’s long-term vision for new energy mobility. BYD’s Technology Advantage Driving New Energy Vehicle Sales A major factor behind BYD New Energy Vehicle Sales 2025 is the company’s deep technological integration across the entire NEV value chain. Founded in 2003, BYD Auto operates as the automotive arm of BYD, a global high-tech enterprise focused on sustainable innovation. Unlike traditional automakers, BYD has developed in-house expertise in critical components, including batteries, electric motors, and electronic control systems. This vertical integration enables cost efficiency, quality control, and faster innovation cycles. Industry-Leading Innovations Powering BYD New Energy Vehicle Sales 2025 BYD has consistently introduced breakthrough technologies that set industry benchmarks. These include the Blade Battery, known for enhanced safety and longevity, and advanced hybrid systems such as DM-i and DM-p, which balance fuel efficiency with high performance. The company’s e-Platform 3.0, Cell-to-Body (CTB) integration, iTAC intelligent torque control, DiSus Intelligent Body Control System, and XUANJI Architecture collectively enhance vehicle stability, range, and driving intelligence. Notably, BYD became the first global automaker to fully discontinue fossil-fuel vehicle production, reinforcing its commitment to clean energy mobility. China Market Strength Supports Global Expansion In its home market, BYD has remained the top-selling new energy passenger vehicle brand in China for over a decade. This consistent domestic leadership provides the scale, financial strength, and manufacturing expertise that support its global expansion strategy. The strong performance in BYD New Energy Vehicle Sales 2025 confirms that the company’s China-led innovation model translates effectively into international markets. Future Outlook: BYD and Sustainable Mobility Looking ahead, BYD continues to invest heavily in research and development while expanding its international footprint. The company’s strategy focuses on delivering high-performance, technologically advanced NEVs tailored to diverse regional needs. With rising demand for electric mobility and supportive government policies worldwide, BYD New Energy Vehicle Sales 2025 represent not just a record year, but a foundation for long-term global leadership including accelerated growth in Pakistan.

KSE-100 Index Breaks 183,000 Barrier as Pakistan Stock Market Enters Record Territory
Breaking News, Pakistan

KSE-100 Index Breaks 183,000 Barrier as Pakistan Stock Market Enters Record Territory

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The KSE-100 Index opened 2026 on a powerful bullish note, crossing the historic 180,000-point milestone for the first time and closing Monday’s trading session at 182,408.23, marking a robust gain of 3,373.30 points or 1.88%. This landmark rally reflects growing investor confidence, strong sectoral participation, and sustained momentum in Pakistan’s equity market. Read More: https://theboardroompk.com/psx-shatters-records-as-kse-100-surges-past-181000-milestone/ KSE-100 Index Hits New Intraday and Closing Records The KSE-100 Index remained positive throughout the trading session, reaching an intraday high of 183,964 points, while the day’s low stayed comfortably in the green near 179,535 points. The index not only breached the psychological 180,000 level but also advanced toward 183,000, reinforcing bullish sentiment across the market. Notably, this session marked the third consecutive trading day of 2026 in which the KSE-100 Index registered an all-time high, signaling strong continuity in the ongoing rally. Trading activity remained healthy, with 633 million shares exchanged in KSE-100 constituents, underlining strong participation from both institutional and retail investors. Market Breadth Favors Bulls Out of the 100 companies included in the KSE-100 Index, a dominant majority closed in positive territory. Approximately three-fourths of index stocks advanced, while only a quarter declined, reflecting broad-based buying interest. Top Gainers on the KSE-100 Index The session’s strongest performers included: • PIBTL, which led gains with over 8% appreciation• FABL, HMB, MEHT, and UBL, each recording gains exceeding 5% Top Losers on the KSE-100 Index On the downside, selling pressure remained limited, with mild declines seen in: • PSEL• DHPL• MUREB• JDWS• RMPL Banks Lead Index Point Contributions From an index-points perspective, large-cap banking and fertilizer stocks played a decisive role in pushing the KSE-100 Index higher. UBL alone contributed over 700 points, followed by strong support from HBL, ENGROH, MCB, and EFERT. Meanwhile, only a handful of stocks exerted downward pressure, with marginal negative contributions coming from PSEL, PPL, SYS, DHPL, and ATRL, which were insufficient to offset broader gains. Sector-Wise Performance Strengthens Rally Sectoral participation remained a key highlight of the session. The Commercial Banks sector emerged as the biggest driver, adding nearly 1,922 points to the KSE-100 Index, supported by renewed interest in blue-chip financial stocks. Other sectors that significantly boosted the index included: • Fertilizer• Investment Banks and Securities Companies• Cement• Automobile Assemblers Only a few sectors weighed slightly on the index, including Miscellaneous, Auto Parts, Sugar, Closed-End Mutual Funds, and Glass & Ceramics, though their impact remained minimal. Broader Market Also Closes Strong The bullish momentum extended beyond the benchmark index. The All-Share Index closed at 108,970 points, posting a gain of 1.47%. Market-wide trading volume surged to 1.38 billion shares, while traded value jumped to Rs78.1 billion, reflecting increased liquidity and investor engagement. A total of over 600,000 trades were recorded across 483 listed companies, with advancers comfortably outnumbering decliners. Among the most actively traded stocks by volume were BOP, PIBTL, KEL, TELE, HASCOL, and WTL, highlighting continued speculative and liquidity-driven interest in select names. KSE-100 Index Performance: FY and Calendar Year Outlook To date, the KSE-100 Index has gained an impressive 56,781 points, representing a 45.2% increase during the ongoing fiscal year. On a calendar-year basis, the index is already up more than 8,350 points or nearly 5%, reinforcing expectations of continued strength if macroeconomic stability and earnings growth persist.

US Attacks Venezuela and Captures President Maduro
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US Attacks Venezuela and Captures President Maduro

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In a stunning pre-dawn operation on January 3, 2026, United States special forces executed a precision strike on key military sites in Caracas and surrounding areas, culminating in the capture of Venezuelan President Nicolás Maduro and his wife, Cilia Flores. Explosions rocked the capital as low-flying aircraft targeted Fort Tiuna military complex and other installations. President Donald Trump announced the success on social media, stating the couple was extracted from their residence and flown to a US warship. The operation, involving Delta Force and CIA intelligence, lasted under 30 minutes and marked the first such removal of a sitting head of state since the 1989 Panama invasion. Read More: https://theboardroompk.com/byd-overtakes-tesla-in-global-ev-sales-a-turning-point-for-the-electric-vehicle-industry/ Global Backlash and Oil Ambitions The strike has sparked widespread international condemnation, with Russia, Iran, Cuba, Brazil, and Mexico denouncing it as a violation of sovereignty and calling for UN intervention. Venezuelan Vice President Delcy Rodríguez demanded proof of life for Maduro, while Defense Minister Vladimir Padrino López vowed resistance. Trump, in a Mar-a-Lago press conference, declared the US would temporarily “run” Venezuela to facilitate a transition, emphasizing American companies would invest billions to revive oil infrastructure. He framed the action as combating narco-terrorism, citing a 2020 US indictment against Maduro. Opposition leader María Corina Machado hailed it as the “hour of freedom,” but critics warn of prolonged instability and regional fallout. Casualties remain unclear, though Venezuelan officials report civilian deaths. The Maduro couple is en route to New York for trial on drug-related charges.

Exports Plunge 15%: Pakistan's Jul-Nov Trade Deficit Widens to $15.54 Billion
Breaking News, External Sector

Exports Plunge 15%: Pakistan’s Jul-Nov Trade Deficit Widens to $15.54 Billion

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Islamabad, December 22, 2025 – Pakistan’s merchandise trade deficit widened sharply to $15.54 billion during the first five months of fiscal year 2025-26 (July-November), driven by a steep decline in exports and a robust increase in imports, according to data from the Pakistan Bureau of Statistics (PBS).Exports fell 14.54% year-on-year to $12.87 billion from $13.72 billion in the corresponding period last year. The downturn affected all major categories, with significant drops in food items—particularly rice—and textiles, traditional mainstays of Pakistan’s export basket. Read More: https://theboardroompk.com/chinese-firm-proposes-e2-billion-to-boost-shipbuilding-and-steel-work-at-port-qasim/ Meanwhile, imports surged 13.63% to $28.4 billion, up from $25 billion, reflecting higher demand for machinery, raw materials, petroleum products, and possibly consumer goods amid recovering domestic economic activity.The persistent export slump highlights structural challenges, including high energy costs, currency volatility, global competition, and supply chain disruptions. Textile exporters face stiff rivalry from regional peers like Bangladesh and Vietnam, while food exports suffer from climate impacts and quality issues.This widening deficit exacerbates pressure on Pakistan’s external account, potentially straining foreign exchange reserves and the Pakistani rupee. It could complicate compliance with International Monetary Fund (IMF) programme targets, which emphasize export diversification and import rationalization.Analysts warn that without urgent reforms—such as enhancing competitiveness through lower input costs, improving ease of doing business, and pursuing new trade agreements—the trade imbalance may persist, hindering sustainable growth.The government has introduced measures like the National Tariff Policy 2025-30 and export incentives, but their impact remains limited so far. Remittances and services exports provide some cushion, but goods trade remains a vulnerability.November alone saw exports at around $2.39 billion (down 15.4% YoY) and imports at $5.25 billion (up 5%), contributing to a monthly deficit of nearly $2.86 billion.Policymakers now face calls for targeted interventions to revive exports and curb non-essential imports to narrow the gap in the remaining fiscal year.

Pakistan's Industries Challenge Govt Claims: Manufacturing Contracts Amid Shutdowns, 50% Capacity Operations and High Costs
Breaking News, Pakistan

Pakistan’s Industries Challenge Govt Claims: Manufacturing Contracts Amid Shutdowns, 50% Capacity Operations and High Costs

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Islamabad – Major manufacturing and export-oriented sectors in Pakistan have strongly disputed the government’s assertions of recovery in large-scale manufacturing (LSM), cautioning that industrial activities are still contracting due to skyrocketing energy costs, sluggish demand, and burdensome taxation.Industry representatives report that over 150 industrial units have shuttered in the past 18 months, with surviving factories running at merely 50% of capacity. The textile industry, Pakistan’s top export earner, is in severe distress. All Pakistan Textile Mills Association (APTMA) Chairman Kamran Arshad revealed that approximately 144-150 textile mills have closed, citing exorbitant gas and electricity rates, elevated interest rates, excessive taxes, and delayed refunds. These closures have slashed production, hampered exports, and led to widespread job losses. Read More: https://theboardroompk.com/nine-day-transporters-strike-cripples-pakistan-industries-billions-lost-daily/ The steel sector faces a similar downturn. Leaders highlight a drastic hike in per-ton taxation—from around Rs10,300 in 2019 to Rs37,000-42,000 in recent years—which has crushed demand, halved consumption, and paradoxically reduced government revenues by nearly 50%. Scrap imports have plummeted, lowering electricity usage and inflating capacity payments to Independent Power Producers (IPPs). Informal producers are flooding the market with low-quality steel, exacerbating issues.In contrast, Bangladesh, with comparable capacity, produces far more steel (6.5 million tons vs Pakistan’s 3.8 million) through supportive policies like lower VAT, higher import protections, reduced corporate taxes, and affordable energy. Pakistani steel experts urge policy alignment to revive the sector, potentially boosting electricity consumption to 7 billion kWh annually and saving Rs60-70 billion in IPP payments.Critics also condemn reduced tariff protections without tackling smuggling, tax evasion, and exemptions in former FATA/PATA regions, risking the collapse of local manufacturing.Agriculture shows weakness too, with cotton output estimated at 6.85 million bales (down 3.3%), rice declining 3.2%, and maize 6.7%. Cement dispatches in November 2025 fell 3.47% year-on-year to 4.14 million tons, despite a 11.54% rise in the first five months of FY2025-26.Without urgent reforms, industry warns of irreversible damage to jobs, revenues, and self-reliance.

The Boardroom PK delivers trusted business news, analysis, and insights from Pakistan and beyond, keeping readers informed, inspired, and ahead in the evolving world of business and leadership.

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