LAHORE: Every few years, Pakistan finds itself at the edge of an economic breakthrough that never actually arrives. The country has the geography, youth, market size and increasingly the geopolitical relevance, yet foreign investors remain hesitant, the domestic industry stays frustrated and growth continues to punch well below its potential. The question being asked more…
Federal Minister for Board of Investment Qaiser Ahmed Sheikh, during his visit to London, engaged in high-level interactions with global financial leaders and institutions, underscoring Pakistan's commitment to strengthening international investment partnerships and enhancing professional standards in the financial sector. The meeting, hosted at the headquarters of the Chartered Institute for Securities & Investment (CISI),…
LAHORE: Prices of plastic products across Pakistan have surged sharply in recent weeks, driven by supply disruptions and volatility in petroleum-linked raw materials, affecting a broad range of everyday consumer goods. Industry representatives say the price of plastic resin, a key petroleum-derived raw material, has risen steeply following import constraints linked to geopolitical tensions, including…
Energy costs, currency pressures drive price stickiness as food inflation remains vulnerable KARACHI: Inflation is expected to remain in double digits in April 2026 as underlying cost pressures continue to dominate the economic outlook. Despite some easing in food supply conditions, overall price dynamics remain elevated, driven by persistent energy costs, currency-related pressures and structural…
ISLAMABAD: Oil and Gas Development Company (OGDC) has continued to accelerate efforts to unlock value from its stranded and low British-thermal-unit (BTU) gas resources, with a renewed focus on fast-tracking production from challenging assets such as the Zin Gas Field. As part of this strategy, OGDC is actively engaging with the government of Balochistan to…
Moody’s flags inflation risks, fiscal pressures may strain policy flexibility and investor confidence BENGALURU: A prolonged disruption in energy supply can widen India’s trade deficit and strain the fiscal account of the world’s fastest-growing major economy, according to rating agency Moody’s. Brent Crude prices have shot up 31% since the US-Israeli war on Iran began…
Company says US-Iran delegations’ visit halted oil tanker movement, disrupting crude supply, dispatches and operations Attock Refinery gained the most from its competitors in July. Attock Refinery Limited (ARL) has announced the shutdown of its main crude distillation unit following disruptions in oil supply and product dispatch caused by traffic restrictions in Islamabad ahead of…
Gold and silver prices extended their decline on Wednesday in the local market after the price of gold per ounce fell by $12 to $4,766 in the international market. According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), in local markets, the price of gold per tola decreased by Rs1,200 to Rs498,962, while…
Jam Kamal sees grassroots training as external trade engine with digital linkages ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan has said that Pakistan can significantly boost its exports by combining skills development, e-commerce integration and gradual formalisation of the economy, while ensuring a level playing field for compliant businesses, according to a statement issued…
Index still ends in green, supported by hopes for US-Iran talks, $1b Saudi inflow KARACHI: Buyers returned to the Pakistan Stock Exchange (PSX) on Tuesday with notable strength as confidence grew amid optimism about a potential second round of US-Iran talks aimed at resolving the ongoing conflict. Expectations that diplomacy may progress weighed on global…