Pakistan Finance Minister Muhammad Aurangzeb. Photo: Reuters/ File ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb met US Chargé d’Affaires Natalie Baker on Monday to discuss bilateral economic relations and opportunities for strengthening financial cooperation, a statement from the Finance Division said. Aurangzeb briefed Baker on his recent visit to Washington, where he…
Govt cites non-publication of Platts rates, petrol remains at Rs327.62 per litre while HSD stays at Rs380.86 People wait their turn to get fuel at a petrol station, in Karachi, Pakistan June 2, 2022. Picture taken June 2, 2022. — REUTERS The federal government on Monday announced that fuel prices would remain unchanged for August…
Stresses Pakistan’s interest in taking framework forward on mutually beneficial basis Finance Minister Aurangzeb in meeting with US Chargé d’Affaires to Pakistan Natalie Baker at the Finance Division on August 10, 2026. Photo: X Finance Minister Muhammad Aurangzeb on Monday said Pakistan had made considerable progress in discussions with the Office of the United States…
ISLAMABAD: Pakistan’s recent diplomatic successes and improving macroeconomic stability have been overshadowed by an important national debate on internal system failure initiated by a senior cabinet member. The discussion has been wide-ranging, focusing primarily on Pakistan’s highly centralised system of governance. Many believe that decision-making remains concentrated in Islamabad and the provincial capitals, leaving citizens…
Over the years, country’s engagement with international standards has quietly laid foundations for sustainable develo LAHORE: International standards are often perceived as a recent phenomenon. They are not. Many predate the United Nations, with institutions such as the International Labour Organisation (ILO), established under the League of Nations, later becoming part of the UN system….
The International Monetary Fund logo is seen during the IMF/World Bank spring meetings in Washington, U.S., April 21, 2017. REUTERS ISLAMABAD: The International Monetary Fund’s (IMF) condition to halt the sale of 20% of production by factories running in the Export Processing Zones (EPZs) in the local market may adversely impact the global textile circular…
LCCI delegation seeks joint ventures, investment from European industrial powerhouse LAHORE: A Lahore Chamber of Commerce and Industry delegation has visited Germany to explore new avenues for trade and investment, with the LCCI president stressing that the existing trade volume between the two countries does not reflect the true potential of the relationship. The delegation,…
Trucks carrying aid line up near the Rafah border crossing between Egypt and the Gaza Strip, amid the ongoing conflict between Israel and Hamas, in Rafah, Egypt on July 28, 2025. — Reuters KARACHI: A nationwide strike by goods’ transporters has raised alarm over a potential hit to industrial activity as business leaders warn that…
Oil price relief, external financing optimism fuel stock buying despite geopolitical fears KARACHI: Investor sentiment continued to shift during the outgoing week at the Pakistan Stock Exchange (PSX), with easing oil prices, geopolitical developments and improving external financing prospects set market direction, while profit-taking and global uncertainty kept gains in check. Despite that, the benchmark…
ISLAMABAD: The Ministry of Commerce has sanctioned Rs10 billion for the textile and apparel industry and other export sectors under the Duty Drawback and Technology Upgradation Schemes, aimed at improving industrial liquidity and supporting export growth, the ministry said on Saturday. Federal Minister for Commerce Jam Kamal Khan announced the development on X, expressing confidence…