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 […]
The exports during July 2024 were recorded at $2.308 billion against the exports of $2.064 billion in July 2023, according to the latest PBS data. On the other hand, imports into the country also increased by 15.30 percent to $4.256 billion during the month under review as against the import of $ 3.691 billion last […]
Crypto exchange Coinbase’s shares climbed 3%, while miners Bitfarms, Riot Platforms, and CleanSpark were up between 4% and 5%. Trump has projected himself as the pro-bitcoin candidate ahead of the election in November. The former president’s return could be a huge win for the industry, which has often complained of excessive oversight and a hostile […]
During the trading session, a total of 278,327,575 shares were traded during the day as compared to 327,279,993 shares the previous day, whereas the price of shares stood at Rs 11.621 billion against Rs 15.283 billion on the last trading day. The KSE-100 market witnessed a highest of 78,569.88 points and a lowest of 77,921.47 […]
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 and Rs 280.75 respectively. The price of Euro came down by Rs 1.24 paisa to close at Rs 301.55 against the last day’s closing of Rs 302.79, according to the […]
The MoU was signed by Eduard-Robert PREDA, Charge D’Affaires, Embassy of Romania to the Islamic Republic of Pakistan, and Chairman of PRBC, Sohail Shamim FIRPO, and recognized the outstanding services rendered by PRBC since 2011 in promoting bilateral trade between the two countries. The agreement establishes a framework for cooperation between the Embassy of Romania […]
The KSE-100 index gained 684 points to close at an all-time high of 81,839 points, a new historical high. Meanwhile, the market capitalization increased by Rs. 23 billion, with 454 million shares traded. A total of 241 companies witnessed an increase in their shares, while 155 companies saw a decline. Earlier on Monday, the KSE-100 […]
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 […]
