Sindh minister promises SITE-CM meeting, announces connectivity for industrial zones

KARACHI: Senior Sindh Minister for Information, Transport and Mass Transit Sharjeel Inam Memon on Tuesday pledged to arrange a meeting between SITE Association members and the chief minister of Sindh to address pressing issues faced by the industrial sector.

During his visit to the SITE Association of Industry as chief guest, the minister also announced plans to connect the Orange and Green Line bus services to the SITE industrial area to facilitate commuting for industrial workers.

Memon emphasised that the Sindh government regards the business community as a vital asset, noting that the province’s public-private partnership (PPP) model has received p…

[9:08 PM, 6/3/2025] Aiman Business: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, on Tuesday. European shares dropped on Tuesday, weighed down by economically-sensitive bank and mining stocks as investors awaited updates on the trade war clouding global growth. The pan-European STOXX 600 reversed early gains to fall 0.5 per cent by 0830 GMT, extending Monday’s losses, as banks dropped 1.4 per cent and miners slumped 2.3 per cent. The Paris-based Organisation for Economic Cooperation (OECD) and Development trimmed its global growth outlook and said the trade war was taking a bigger toll on the US economy than before. “The OECD forecasts is going to cause a great deal of concern.... a lot of people were thinking maybe inflation is behind us, but big concern now is about what happens next,” said Danni Hewson, head of financial analysis at AJ Bell. The news comes ahead of a flash estimate of euro zone inflation numbers and the European Central Bank’s monetary policy meeting this week.