According to market sources, the price of sugar has risen by Rs25 per kg over the past two days. Just two days ago, sugar was being sold at Rs155 per kg in the retail market, which now has reached a record Rs180 per kg. The wholesale market rate of sugar in Quetta is Rs175 per […]
According to details, Pakistan authorities are preparing for a major crackdown on tax evasion in the sugar sector to ensure price stability. Action against counterfeit track-and-trace systems in the sugar industry is on the cards. Authorities will also crack down on reusing tracking codes on sugar bags. According to sources, despite sufficient sugar stocks availability […]
In a news conference, finance minister said that for the first sugar being provided to genuine distributors, while Rs 125 million fine has been imposed over six sugar mills. Aurangzeb said that the remittances are estimated to reach this year to 36 billion US dollars. “All surveys are showing an improvement in the business confidence […]
The levies, announced by the commerce ministry and scheduled to take effect on March 20, match the 100% and 25% import duties Canada slapped on China-made electric vehicles and steel and aluminum products just over four months ago. By excluding canola, which is also known as rapeseed, and was one of Canada’s top exports to […]
Brent crude futures gained 14 cents, or 0.2%, to $74.37 a barrel by 0007 GMT. U.S. West Texas Intermediate crude futures rose 17 cents, or 0.2%, to $70.27 per barrel. Russian President Vladimir Putin said on Thursday that the Ukraine war was growing into a global conflict after the U.S. and Britain allowed Ukraine to […]
During July, total exports rose by 11.3% YoY to $3.01bn compared to $2.71bn in the same month of last year. While it fell 2.2% as against the exports of $3.08bn in the previous month. Total imports rose 12.2% YoY to $5.6bn as compared to the imports worth $4.99bn recorded in July of last year. Compared […]
The grain, introduced as a part of a program designed to increase the output of the regional staple food and cut dependence on imports, allows rice growers to get two harvests per year, with a yield of up to 5 metric tons per hectare. This shift signals a potential boost for local farmers and the […]
According to sources, the Economic Coordination Committee (ECC) took the decision to ban the state-level import of wheat as the flour prices in Pakistan are stable and the country has enough reserves. Sources within the government revealed that Pakistan has ample amounts of wheat to meet the needs of the country. The decision came after […]
The production of cotton declines in the fiscal year 2021 to 5.57 Million Bales ( of 155 Kg per Bale) compared with the last year’s 8.48 Millin bales (of 155 Kg per Bale) during the same period. On the 3rd of February, 2020, the Pakistan Cotton Ginner Association (PCGA) released its arrival report showing a […]
What comes to your mind when you think about buying a car in Pakistan – taxes? Duties? Little or almost no safety and quality features or almost no value for your money? That’s right; not only this is what produced and sold but, at the moment; there is no focus at all on the production […]
