KARACHI: The Pakistan Stock Exchange (PSX) traded in negative territory during the first half of the session on Tuesday, with the benchmark KSE-100 Index extending its losses after opening on a weak note. As of 1:00pm, the index stood at 177,982.68, down 279.65 points, or 0.16% from the previous close of 178,262.33. Earlier in the…
Gulfood participation at risk as business community seeks diplomatic intervention ISLAMABAD: The United Arab Emirates (UAE) has reportedly frozen visa issuance for Pakistanis, hitting exports and disrupting international trade activities, business leaders have warned. Speaking on the issue, Ismail Suttar, Founder and Chairman of the Salt Manufacturers Association of Pakistan, said the UAE is currently…
LAHORE: The federal government’s decision to import one million tonnes of wheat has revived a long-standing question: why does an agricultural country, with Punjab once known as the nation’s food basket, continue to rely on imported grain despite repeated official claims of bumper harvests? The move has sparked criticism from farmers and agricultural experts, who…
There are apprehensions that some exporters keep part of their proceeds overseas by understating the value of their goods or bringing some as exports of services to avoid income tax, according to sources. photo:file ISLAMABAD: The government on Monday approved a subsidy of Rs98 billion to provide highly cheaper loans to exporters, including 10-year loans…
ECONOMIC EXPANSION: The MPC expects real GDP growth in the range of 3.5-4.5% during FY27. Risks from volatile global commodity prices amid renewed Middle East tensions and uncertain weather conditions, including evolving El Niño effects, could weigh on growth prospects. PHOTO:FILE KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has…
Latest change in prices takes petrol to Rs334.18 per litre and HSD to Rs386.83 under the new system People wait for their turn to get fuel at a petrol station in Peshawar. Photo: Reuters/ File The federal government on Monday decreased the price of petrol by Re1 while increasing the price of high-speed diesel (HSD)…
Petroleum minister assures that govt’s foremost priority is to ensure uninterrupted fuel supplies, facilitate public Oil tankers are seen parked, following the protest by the All Pakistan Oil Tankers Owners Association, demanding the hike in fares, expansion of quota in onshore white pipeline transportation and permit to use old vehicles, in Karachi on September 19,…
Sunset clouds glow over pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau region, Kazakhstan, April 21, 2026. PHOTO: REUTERS Oil prices tumbled more than 5% on Monday after the US and Iran paused strikes over the weekend following two weeks of attacks, raising hopes of a diplomatic solution that would…
The European Union's latest assessment of Pakistan's performance under the GSP+ preferential trade scheme presents a mixed picture. There is encouraging progress, but also areas of serious concern. The report is neither a recommendation to withdraw Pakistan's GSP+ status nor a clean bill of health. Among the positive developments, the report highlights stronger human rights…
Sindh government announces publich holiday of May 1. PHOTO: TRIBUNE KARACHI: The fiscal year closed with a current account deficit of $139 million. Although meagre, it marks a reversal from the previous year’s surplus of $1.838 billion. According to State Bank of Pakistan statistics, the current account was cushioned by a $3.3 billion increase in…