Business & Economy

UNITED NATIONS, Dec 05 : Global trade is poised to hit a record $33 trillion in 2024, showcasing remarkable resilience despite persistent economic and geopolitical challenges, a UN report revealed Thursday. However, concerns loom for 2025, where the risks include escalating trade wars, geopolitical tensions […]

Mari Petroleum Company Limited (MPCL) and Pak Arab Refinery Company Limited (PARCO) have expressed their appreciation to the Petroleum Institute of Pakistan (PIP) for its pivotal role in establishing the Pakistan Pavilion at ADIPEC 2024. The Pakistan Pavilion served as a vital platform for collaboration […]

ISLAMABAD, Dec 4 :Federal Minister for Finance and Revenue, Muhammad Aurangzeb said here on Wednesday that the government will not revert to directed lending to the housing sector and urged for creating incentivization to facilitate bank-led financing to make it accessible to public. “We will […]

MOSCOW, Dec 04 : Pakistan and Russia on Wednesday inked eight agreements aimed at strengthening trade and economic cooperation between the two countries. The agreements were finalised during the 9th session of Intergovernmental Commission (IGC) here in Moscow, said a press release. Minister for Energy […]

ISLAMABAD, Dec 3 : The exports from the country increased by 12.57 percent during the first five months of the current fiscal year as compared to the corresponding months of last year, Pakistan Bureau of Statistics (PBS) reported Exports during July-November (2024-25) were recorded at […]

ISLAMABAD, Dec 3 :Pakistan Railways has achieved an unprecedented earning of over Rs. 33 billion during the initial five months of the current financial year 2024-25 with the untiring efforts of the department, despite facing several financial challenges. “The department has earned this revenue from […]

ISLAMABAD, Dec 2 : Pakistan’s exports to the seven regional countries increased by 4.09 per cent in the first four months of the current fiscal year (2024-25) compared to the corresponding months of last year. The country’s exports to the regional countries including Afghanistan, China, […]

BEIJING, Dec. 2 :The Khunjerab Pass, a land port on the China-Pakistan border in northwest China’s Xinjiang Uygur Autonomous Region, will operate year-round starting Sunday. Located approximately 5,000 meters above sea level, the Khunjerab Pass is a major trade station between China and Pakistan, and […]

Islamabad, November 19, 2024 – Muhammad Ameen, Chairman of Fair Trade in Tobacco (FTT), has expressed grave concern over the narrative presented at a recent seminar titled “Taxing Tobacco: A Path to Reducing Consumption and Saving Lives”. Organized by a foreign-funded think tank based in […]