During the period from July-June, 2024, vegetable exports from the country grew by 43.20 percent as compared to the exports of the same period of the previous year, according to the data of the Pakistan Bureau of Statistics. Meanwhile, the exports of fruits grew by 21.31 percent as over 935,631 metric tons of fresh fruits […]
He was talking to a delegation led by Executive Vice President Oceania and South Asia PARCO, Mehmet Celepoglu who called on him here, said a press release. The delegation also included the CEO and co-founder of Gunvor Group, Torbjörn Törnqvist, a key investor in Pakistan’s oil sector. The Finance Minister highlighted the ongoing energy reforms, […]
The plunge marks a stunning reversal for the sector. Until recently, a wave of optimism was sparked by the approval of exchange-traded funds (ETFs) tied to the spot prices of bitcoin and ether, the two biggest cryptocurrencies. Republican presidential candidate Donald Trump’s pro-crypto speech at a bitcoin conference last month also bolstered sentiment, but data […]
Brent crude futures gained 97 cents, or 1.27%, to $77.27 a barrel by 0354 GMT, while U.S. West Texas Intermediate crude futures climbed $1.14, or 1.56%, to $74.08. On Monday, both benchmarks fell about 1% against a backdrop of falling global stock markets. Oil’s slide was limited by mounting concerns that Iran, a key Middle […]
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.3 and Rs 280.4 respectively. The price of the Euro increased by Rs 4.66 to close at Rs 305.48 against the last day’s closing of Rs 300.82, according to the State […]
The Kazakhstan-based producer Kaspi Neft “did not receive a (permit)… for accumulating over 4,500 tonnes of dangerous waste between 2021 and 2022 from drilling and operation of an oil field”, prosecutors for Kazakhstan’s Atyrau region bordering the Caspian Sea said in a statement released Monday. A court hearing Friday found that the company had committed […]
Ejaz in his statement suggested the government of Pakistan to halt Rs2,000 billion payment to the IPPs and they should only be paid for electricity produced. He also suggested lowering the electricity per unit and fixing it under Rs10 for the consumers using 200 units, monthly, while the rate for other consumers should be kept […]
The suspension has led to significant disruptions for e-commerce sellers, resulting in order cancellations and impacting the trade of Pakistani products in the US market. Sources indicate that the suspension is due to non-payment of compensation to American shipping companies. However, the Pakistan Post has cited ‘inadequate’ packaging of parcels as the reason for the […]
According to a letter from the PM office to the Federal Board of Revenue, the Prime Minister has been pleased to constitute a Task Force for comprehensive and end-to-end digitalization of FBR. Minister of State for Finance & Revenue Ali Malik will be chairman of the Task Force while Major General Syed Ali Raza, DG […]
A well-placed source in the Civil Aviation Authority (CAA) said that the new Gwadar Airport will be made operational on August 14, for which all the arrangements have been made. The soft launching of the airport will be carried out by Prime Minister Shehbaz Sharif, the sources said. According to the CAA sources, the cost […]
