Pakistan’s export sector is facing mounting pressure as shipments to key European markets show signs of stagnation, despite continued access under the GSP+ scheme. The Businessmen Panel of the Federation of Pakistan Chambers of Commerce and Industry has raised serious concerns over the declining momentum, warning that without immediate corrective measures, the country risks losing its competiti
Allied Bank continues to strengthen its competitive position through prudent risk management, strategic capital allocation, and diversification across investment and lending portfolios. Its steadfast commitment to operational excellence and digital transformation has not only elevated the customer experience but also reinforced the foundation for sustainable, long-term growth. Allied Bank’s net
Cotton prices in Pakistan have recorded an increase of one thousand rupees per maund, with ginners expressing expectations that rates may soon reach twenty thousand rupees per maund. Despite the price movement, trading volumes remained limited and market activity has yet to fully recover. Polyester fibre prices have also witnessed a significant rise, adding further pressure on the textile industry
Upward trend in prices of daily kitchen items was witnessed in the retail market, said a weekly market-survey conducted by Business Recorder here on Sunday. The survey noticed that rates of vegetables, fruits, cooking oil, live chicken/meat, flour, sugar, and grocery items have touched a new peak in the open market. Buyers consistently flayed provincial government and local administration ov
Gold prices fell on Monday, as a surge in energy prices fuelled inflation worries and dampened expectations for U.S. Federal Reserve interest rate cuts this year. Spot gold fell 0.6% to $4,466.99 per ounce as of 0238 GMT. US gold futures for April delivery shed 0.6% to $4,496.30. Gold has lost more than 15% so far this month, marking its steepest monthly decline since October 2008, as th