
Officials explained that the rebasing will improve estimates of Gross Domestic Product (GDP), Gross Fixed Capital Formation (GFCF), and expenditure on GDP.
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Sheikh warned that the high cost of capital is driving factory closures and undermining Pakistan’s export competitiveness.
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The agreement comes as Europe looks to diversify its strategic ties, reducing reliance on the United States and China while strengthening partnerships with other regions.
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The visit comes shortly after UAE President Sheikh Mohamed bin Zayed al-Nahyan’s official trip to Pakistan on December 27, 2025, his first since assuming office.
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The report identified Karachi-based Beyond Green as the importer of more than 200,000 solar home system units between December 2024 and July 2025.
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The World Bank has warned that Pakistan faces serious challenges as regional instability, climate shocks and uncertain global
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