Staff Report The government has planned to establish model factories for salt processing in an order to boost productivity and value addition. Mr. Haroon Akhtar Khan, Special Assistant to the Prime Minister has mentioned the Ministry’s plans to establish model factories aimed at enhancing productivity and value addition. The Ministry of Industries and Production, Government…
Staff Report Islamabad: Pakistan has agreed to allow China’s donkey industry to set up farms in the Gwadar Export Processing zone. Federal Minister for National Food Security and Research, Rana Tanveer Hussain, met with Mr. Zaho Fei, Vice President of China’s Donkey Industry Branch, at his office in Islamabad.PAEL to Benefit from US-China Tariff…
Staff Report Gold prices in Pakistan today just hit an all-time high, amid US-China Tariff war. As of Friday, April 11, 2025, the price of gold skyrocketed by Rs10,000 in a single day. It resulted in pushing per tola rates to a record Rs338,800. Meanwhile, the rate of 10-gram gold stood at Rs290,466, that was…
Staff Report ISLAMABAD– All Pakistan Textile Mills Association (APTMA) has called for restoring Export Facilitation Scheme to protect the long-term sustainability of Pakistan’s textile exports and create room for negotiations with the U.S. before the 90-day suspension of reciprocal tariffs comes to an end. “The government should immediately address the sales tax disparity between local…
Staff Report Islamabad: The government is likely to reduce the taxes on milk in the upcoming budget 2025-26. The Food ministry has assured the delegation of Dairy Association that the Ministry is actively working towards reducing taxes on milk and assured that good news in this regard will be shared soon. Federal Minister for National…
Staff Report Topline Banking Universe is likely to post a 12% QoQ decline in Pakistan Banks’ earnings in 1Q2025, amid a fall in Net Interest Income (NII) and Non-Interest Income. NII of the banks in the Universe is expected to decrease by 11% QoQ to Rs279bn due to (1) a decline in the average policy…
Staff Report Belarus — Federal Minister for Commerce of Pakistan, Jam Kamal Khan, highlighted growing bilateral cooperation between Pakistan and Belarus during his address at the Pakistan-Belarus Business Forum held in Belarus. Speaking to a foreign media journalist, the minister shed light on the strengthening relationship and the mutual interest in expanding economic and industrial…
Staff Report The Pakistan Stock Exchange remained under significant pressure today, as mounting uncertainty over potential U.S. tariff measures reverberated across global financial markets. In line with the negative trend witnessed in international equities, the local bourse experienced heightened volatility throughout the session. The benchmark KSE-100 index experienced significant intraday pressure, plunging as much as…
Staff Report Karachi – The eastern Turkish province of Erzurum, designated as the Economic Cooperation Organisation (ECO) Tourism Capital of 2025, is set to host the Palandöken Economic Forum on April 26-27, 2025. Founded as the Regional Cooperation for Development (RCD) in 1964 by the Islamic Republic of Iran, Islamic Republic of Pakistan and the…
Staff Report ISLAMABAD — Pakistan’s economy is showing signs of stability and recovery with growth in FY2025 (ending 30 June 2026), as the effects of tight macroeconomic policies and progress in economic reforms took hold. According to the Asian Development Outlook (ADO) April 2025, the Asian Development Bank’s (ADB) annual flagship economic publication, Pakistan’s real gross…