Tribunal Fines Flour Mills Association Rs35m for Price-Fixing ISLAMABAD — The Competition Appellate Tribunal has ordered the Pakistan Flour Mills Association (PFMA) to pay an Rs35 million fine to the national exchequer, following findings of anti-competitive practices. The penalty, announced in a press release on Tuesday, comes after the Competition Commission of Pakistan (CCP) investigated […]
Pakistan Plans to Extend Debt Maturity Periods to Ease Financing Pressure Officials have revealed a new plan to extend the average maturity period of Pakistan’s debt in an effort to reduce future financing needs. Under the proposal, the average maturity of domestic debt will increase from the current 3 years and 8 months to 52 […]
Oil Prices Rise Slightly as US-China Tariff Truce Extends and Trump-Putin Meeting Approaches By early Tuesday, Brent crude oil futures had gained 26 cents, or 0.39%, reaching $66.89 per barrel. Meanwhile, US West Texas Intermediate (WTI) crude rose 22 cents, or 0.34%, to $64.18 per barrel. The boost in oil prices comes after the White […]
Pakistan Set to Receive Major US Investments After Successful Trade Talks Islamabad — Pakistan is on track to welcome significant investments from the United States across multiple sectors, according to Finance Minister Muhammad Aurangzeb, who spoke following his recent visit to the US. In an informal chat after returning home, Aurangzeb shared that Pakistan made […]
US Allows Nvidia to Resume Sales of AI Chips to China Amid Controversy The US government, which halted sales of Nvidia’s H20 AI chips to China in April under the Trump administration, has recently allowed the company to resume shipments. A US official confirmed on Friday that the Commerce Department has begun issuing licenses for […]
Government to Gradually Cut Super Tax for Manufacturers, Introduce Key Industrial Reforms According to reliable sources, the government plans to gradually reduce the super tax rate for the manufacturing sector to 5% over the next four years. If the country achieves a primary fiscal surplus by the fifth year, the super tax will be eliminated. […]
Pakistan and Poland Discuss Energy Cooperation and Investment Opportunities Islamabad — Federal Minister for Petroleum Ali Pervaiz Malik met with Polish Ambassador to Pakistan Maciej Pisarski to discuss ways to strengthen cooperation in Pakistan’s petroleum and mineral sectors. During the meeting, both officials explored opportunities for technology transfer, joint ventures, and attracting more foreign investment […]
Remittances Boost Pakistan’s Economy as Major Overseas Workers Send More Money Home ISLAMABAD — Pakistan has kicked off the new fiscal year 2025-26 on a positive note with a significant rise in remittances, the central bank announced. The inflows mainly came from key overseas employment hubs, with Saudi Arabia leading the way, contributing $823.7 million. […]
Fresh Seafood from Pakistan Arrives in Urumqi, Boosting Regional Trade Urumqi, Xinjiang — The first shipment of fresh seafood from Pakistan has arrived at Urumqi Tianshan International Airport, marking the reopening of the airport’s dedicated inspection site for imported aquatic products. The shipment, weighing 1,292 kilograms, included popular varieties such as black pomfret, prawns, hairtail, […]
Consumers Shift to Cheaper Brands as WK Kellogg Faces Sales Pressure Amid Tariff Uncertainty Customers are tightening their wallets and turning away from branded packaged foods, opting instead for more affordable private-label alternatives. This shift comes amid growing concerns over consumer spending, influenced in part by U.S. President Donald Trump’s unpredictable tariff policies. WK Kellogg […]
