Punjab, Sindh refuse financial obligation, seek federal stocks after failing to buy locally ISLAMABAD: Days after the Centre decided to import one million metric tonnes of wheat to arrest soaring prices, two of the largest wheat deficient provinces – Punjab and Sindh – have backtracked from buying the imported commodity and have not yet given…
ISLAMABAD: A virtual ceremony was held at the Federal Board of Revenue (FBR) headquarters for the signing of the “Co-operative Arrangement regarding Co-operation and Mutual Administrative Assistance in Customs Matters between Pakistan Customs and Hong Kong Customs.” The cooperative arrangement provides the Customs administrations of Pakistan and Hong Kong with a structured framework for enhanced…
KSE-100 index slips 0.73%; geopolitical caution outweighs strong remittances, fiscal data KARACHI: The KSE-100 index of the Pakistan Stock Exchange (PSX) closed the week at 180,104, down 1,325 points, or 0.73%, as continued uncertainty about the cessation of hostilities between the United States and Iran weighed on investor sentiment. On a day-on-day basis, the PSX…
Wheat flour up 77% in devastating year for kitchen budgets; weekly inflation hits 9.11% ISLAMABAD: Weekly inflation rose by 0.15% during the second week of August 2026, taking the year-on-year rate to 9.11%, according to the Pakistan Bureau of Statistics (PBS) weekly inflation report. Prices of 20 items increased over the week, nine became cheaper,…
KARACHI: The nationwide transporters’ wheel-jam strike has brought freight forwarding at ports to a near standstill, with imported goods stranded and export orders facing critical delays, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said on Friday. FPCCI President Atif Ikram Sheikh expressed profound concern over the ten-day-long strike, saying it is inflicting…
SUZHOU: An “E-Cluster” model is being implemented in Pakistan to establish an integrated clean-energy manufacturing ecosystem across the country, with the aim of transforming Pakistan into a regional clean energy manufacturing and technology hub, according to China Economic Net. Qasim Kamal, Group Director of Suzhou IBI Engineering (Belt & Road Economic and Trade Centre), said…
Minister urges industry to work with govt to make Pakistan innovation, export hub “It is a gateway to African countries with a huge scope for Pakistani products, especially textiles, cosmetics, cotton, pharmaceuticals and plastic,” said FPCCI President Irfan Iqbal Sheikh. photo: file ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal has called…
SBP governor says economy transitioning to sustainability, projects GDP at 3.5-4.5% KARACHI: Emphasising the need for continued reforms on Independence Day, the State Bank of Pakistan (SBP) Governor Jameel Ahmad said on Thursday that the country’s economy has made important progress towards stability over the past year, driven by prudent fiscal and monetary policies and…
No revision because of gazetted holiday, petrol remains at Rs325.43 per litre while HSD stays at Rs383.95 People wait in line at a petrol pump. — FILE PHOTO No notification of a revision in fuel prices was issued on August 14 by the Ministry of Petroleum due to it being a gazetted holiday, hence prices…
Gasoline hovers around $4 a gallon as higher fuel prices feed into household budgets Nearly six months into the US war with Iran, its most visible impact for ordinary Americans is increasingly being felt far from the battlefield at gas stations, airports and in household budgets. The national average retail price for regular gasoline stood at…