Calls urgent presser while FinMin courts S&P, $5.2b export gap exposes weaknesses KARACHI: When you have absolutely good news one day and absolutely bad news the other, it indicates a problem with economic fundamentals. State Bank of Pakistan (SBP) Governor Jameel Ahmad called an urgent press conference on Friday to share the positive outlook, projecting…
KARACHI: Gold prices declined in both the international and domestic markets after a two-day break on Saturday. In the international bullion market, the price of gold fell by $11 per ounce to $4,174. Reflecting the global trend, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold in the local market…
PAMA seeks PM intervention, warns local manufacturing unviable after Finance Act 2026 All three companies would separately enter into agreements with Ministry of Industries and Production to ensure compliance conditions of the Automotive Development Policy 2016-21. PHOTO: REUTERS LAHORE: The Pakistan Automotive Manufacturers Association (PAMA) has urged Prime Minister Shehbaz Sharif for urgent intervention to…
LAHORE: Cement demand showed a growth of 7.21% during the fiscal year ended June 30, 2026 as 50.515 million tons were supplied to domestic and export markets compared to 47.116 million tons in the previous year. According to data released by the All Pakistan Cement Manufacturers Association, local sales increased from 37.906 million tons in…
Finance Minister Muhammad Aurangzeb in an interview at the World Bank Spring Meetings 2026 with China Global Television Network’s program “The Heat”. PHOTO: SCREENGRAB FAISALABAD: Finance Minister Senator Muhammad Aurangzeb on Friday said a fully digitalised taxation system is imperative to eliminate leakage and enhance collection without hassle for taxpayers. Addressing the business community at…
KARACHI: The Sensitive Price Indicator (SPI) registered a year-on-year increase of 13.52% for the week ended July 2, 2026, highlighting persistent inflationary pressures on essential commodities as substantial reductions in petroleum prices have yet to translate into meaningful relief for consumers. According to the Pakistan Bureau of Statistics (PBS), the SPI, which tracks 51 essential…
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…