Notification says new transit routes announced under order; Gwadar, Karachi and Taftan designated for cargo movement The government has notified the Transit of Goods Order 2026, formally allowing the transportation of goods to Iran through Pakistan under a defined legal and regulatory framework, a notification said on Sunday. Issued under the Imports and Exports (Control)…
ISLAMABAD: The International Monetary Fund (IMF) has endorsed a new formula to fix prices of high-speed diesel, which has addressed the issue of windfall gains to oil refineries due to the Middle East war and helped keep diesel prices lower by Rs100 per litre for this week. Without any change in the formula, the diesel…
LAHORE: Agricultural stakeholders in Punjab are calling on Chief Minister Maryam Nawaz Sharif to dedicate a meaningful share of the next fiscal year’s budget to organic farming, a sector they believe could fundamentally reshape the province’s export profile and offer its farmers a more stable and profitable future. The appeal comes at a time when…
Two high-level committees formed to probe over invoicing involving importers, govt officials Prime Minister Shehbaz Sharif. Photo: PMO/ File KARACHI: Prime Minister Shehbaz Sharif has ordered immediate legal action against all individuals involved in the Rs120 billion solar panel over-invoicing and money laundering case, according to an official statement. The prime minister expressed concern over…
KARACHI: The Pakistan Stock Exchange (PSX) succumbed to a wave of selling pressure during the outgoing week as the benchmark KSE-100 index plunged by over 3,200 points, or 2%, settling at 170,672. The market was rattled by a toxic mix of heightened geopolitical uncertainty, domestic energy crunch, and reports of stringent new IMF conditions. On…
Marking Intellectual Property Day, DG affirms support for innovation in sports and beyond ISLAMABAD: The Intellectual Property Organisation (IPO) director general has reaffirmed that Pakistan remains committed to strengthening its IP framework to support innovation in sports and beyond. “We must encourage our youth, entrepreneurs and manufacturers to protect their ideas, build strong brands and…
BoI minister woos overseas Pakistanis, highlights investor-friendly policies, global outreach ISLAMABAD: ISLAMABAD The Pakistani business community in London hosted a reception in honour of Federal Minister for Board of Investment Qaiser Ahmed Sheikh during his official visit to the United Kingdom, according to a statement issued on Saturday. The event was attended by prominent members…
Plan under study to connect Gwadar with ports of Iran and Oman to make it re-export hub ISLAMABAD: A plan is under study to form a bloc comprising Pakistan, Iran and Oman to ramp up regional trade and give a boost to trade activities at Gwadar Port. “In future geopolitical policymaking, Pakistan, Iran and Oman…
Initiative will significantly enhance Pakistan’s representation, proactive participation in regional, global economies KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh has announced the formation of national committees for various international forums, including ECO CCI, the Pakistan-EU Business Forum, CACCI, the Pakistan-ASEAN Business Forum, the Commonwealth, D-8 CCI and the…
BEIJING: The 2026 China International Sesame Conference (Spring), held in the coastal city of Qingdao, brought together global stakeholders from across the sesame value chain to discuss market trends, trade cooperation and future supply dynamics. The event served as a key platform for exporters, importers and industry leaders to strengthen partnerships and explore new opportunities…