It was emphasised in the meeting that a two-pronged strategy must be adopted – short-term measures to provide immediate relief to farmers and long-term structural changes to cope with the adverse effects of climate change. photo: file ISLAMABAD: CropLife Pakistan has emphasised that if GM maize commercialisation licences are not renewed, Pakistan will fall further…
KARACHI: The KSE-100 index of the Pakistan Stock Exchange (PSX) extended its positive momentum and gained around 470 points to settle above 184,500. The market opened on a strong note and rallied to the intra-day high of 185,890.53 before profit-taking trimmed gains in the second half, with the index dipping to the intra-day low of…
Executive says SMEs need tech & AI, simpler export procedures to compete globally Global sourcing trends are creating new opportunities for Pakistan. As international buyers diversify their supply chains, they are increasingly seeking dependable manufacturing partners while placing greater emphasis on quality. photo:file ISLAMABAD: With a strong entrepreneurial spirit and competitive manufacturing capabilities, Pakistan can…
KARACHI: Gold prices recorded a sharp increase in both international and local markets on Friday. In the international bullion market, the price of gold rose by $122 per ounce to $4,185. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the local price of gold per tola increased by Rs12,200 to Rs440,936, while the…
Total deposits stand at $22.1b; gold jumps Rs9,100/tola as global rally gains pace on US employment report KARACHI: The central bank’s foreign exchange reserves recorded a healthy increase during the week ended June 24, 2026 as they rose $611 million to reach $16.53 billion. The increase was mainly driven by government inflows from multilateral institutions,…
KARACHI: The State Bank of Pakistan (SBP) has discontinued the Telegraphic Transfer Charges Incentive Scheme (TTCIS) with effect from July 1, 2026, ending the reimbursement mechanism under which banks were compensated for waiving telegraphic transfer charges on eligible home remittance transactions. In a circular issued on Thursday, the central bank said the scheme stood withdrawn…
LAHORE: The government’s decision to reduce the completely built-up unit (CBU) tariff on two-wheelers while maintaining the same tariff for completely knocked-down (CKD) units and parts may prove to be counter-productive for the auto industry in the absence of a structured, time-bound roadmap, say industry stakeholders. According to the new tariff applicable from July 1,…
ISLAMABAD: K-Electric has been served a gas supply disconnection notice on account of breach of guarantees, prompting the country’s economic managers to call for speedy resolution of the issue. Sources told The Express Tribune that the matter was taken up in a recent meeting of the Economic Coordination Committee (ECC). Minister for Petroleum Ali Pervaiz…
Shandong Xinxu proposes refinery upgrade, offshore exploration, equipment manufacturing ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik has met with Hou Jianxin, Chairman of China’s Shandong Xinxu Group, to discuss expanding cooperation and investment opportunities in Pakistan’s energy sector, according to a statement issued on Thursday. Jianxin expressed strong interest in investing across Pakistan’s energy…
FPCCI links proposal to upcoming Solar & Storage Expo, cites need to cut energy costs LAHORE: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for a special concessional financing scheme at 3% markup for solar battery purchases, as the Pakistan Solar Association prepares to host the Solar & Storage Expo 2026…