The rupee continued to gain for the ninth consecutive session on Friday, jumping by Rs3.39 in the interbank market. According to the State Bank of Pakistan (SBP), the PKR closed at Rs215.49 against the dollar, having appreciated 1.57 per cent. Mettis Global Director Saad bin Naseer said he believed the rupee’s rise was because exporters, who […]
The Ministry of Commerce has approved a list of ten products for Geographical Indication (GI) registration in response to India’s attempt to label Basmati rice as an exclusively Indian brand in the European Union market. These include agro and non-agro products that will become Pakistan’s brands in the international market. The process of GI registration […]
The European Parliament this week adopted a Resolution calling for a review of Trade Relations with Pakistan and ending its eligibility for the Generalised Scheme of Preferences (GSP) status. The Resolution linked the review to Pakistan’s #Blasphemy Laws; in particular, the case of Shagufta Kausar and Shafqat Emmanuel; who have been on Death row since 2014 […]
ISLAMABAD: With regards to the Economic Coordination Committee’s (ECC) decision to allow the import of sugar, cotton, and cotton yarn from India; Prime Minister Imran Khan held consultations with key members of his cabinet on Friday; decided that Pakistan could not go ahead with any trade with India under the current circumstances. Pakistan has constantly […]
The stock market extended its splendid rally as the KSE-100 index added 443 points to the 796 points it had amassed a day earlier. But that was until the last hour of trading when companies, brokers, and insurance firms thought discretion to be the better part of valor and launched into heavy profit-selling that saw […]
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