Andrabi says both sides ironing out differences, building convergence, with view to early conclusion of agreement Secretary Commerce Jawad Paul, who led the Pakistan delegation, characterised the talks as positive and appreciated the significant progress made during the negotiations. PHOTO: Tahir Andrabi on X Pakistan and the United States have made significant progress towards a…
Finance ministry says debt-to-GDP ratio improves to 68.5% as govt advances reforms KARACHI: The Pakistan Stock Exchange (PSX), in collaboration with the finance ministry, hosted an investor briefing to discuss the country’s debt management strategy, Sukuk issuance and fiscal reforms, according to a statement on Friday. The session brought together senior ministry officials, PSX leadership,…
ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has issued 47 district-level Class Licences for internet services this year as part of its efforts to expand broadband infrastructure across the country. According to PTA documents, the first district-level internet licence was issued in February this year. During March, the authority granted 12 new district-level licences, followed by…
Petrol will now cost Rs310.71 per litre, while high-speed diesel has been priced at Rs323.30 per litre The federal government on Friday increased the prices of petrol and high-speed diesel (HSD) by Rs13.18 and Rs13.80 per litre, respectively, for the next week, as global oil markets remain volatile following the recent escalation between the United…
Despite disruptions, shipments grow on better compliance with food safety standards Federal Maritime Affairs Minister Muhammad Junaid Anwar Chaudhry. PHOTO: APP ISLAMABAD: Pakistan’s seafood exports jumped to a record $568 million in fiscal year 2025-26, registering an increase of 38% over two years. The rise in exports came amid government’s efforts to expand the country’s…
Partial restoration of Hormuz oil flows boosts June output, but regional production below levels seen pre-conflict Vessels in the Strait of Hormuz, Musandam, Oman, May 18, 2026. REUTERS Global oil supply posted its largest monthly increase in months in June as the recovery of shipments through the Strait of Hormuz lifted Gulf production, although output…
ISLAMABAD: Federal Minister for Energy (Power Division) Awais Ahmed Khan Leghari on Thursday said Pakistan and Russia had immense untapped potential in trade, energy, education and connectivity, stressing that stronger economic cooperation and improved transport linkages could help bilateral trade surpass the billion-dollar mark in the coming years. Speaking at a webinar titled “Pakistan-Russia: Strengthening…
Project is first phase of 10-year programme to modernise electricity transmission network, reduce power outages The World Bank’s (WB) Board of Executive Directors has approved $375.9 million in financing for Pakistan’s Grid Stability Enhancement Project to strengthen the country’s national power transmission network under the Boosting Energy Security through Transmission in Pakistan (BEST-PAK) Multiphase Programmatic…
LAHORE: Lahore Chamber of Commerce and Industry (LCCI) President Faheemur Rehman Saigol has stressed the need to increase exports and promote import substitution simultaneously to reduce the trade deficit and strengthen the economy, according to a statement on Thursday. Speaking at a seminar on “Export Opportunities for Pakistan” organised by the LCCI, Saigol said Pakistan…
Discussions also focused on strengthening engagement with international investors ISLAMABAD: Pakistan’s High Commissioner to the UK Tipu Usman called on Finance Minister Muhammad Aurangzeb to explore avenues for further strengthening Pakistan-UK economic and financial cooperation. The meeting reviewed opportunities to expand cooperation in trade, investment, banking, remittances, capital markets and financial services. Discussions also focused…