News

Pakistani, Chinese officials review progress on Challenge SEZ

Pakistani and Chinese officials have toured the under-construction Challenge Special Economic Zone in Lahore, reaffirming strong bilateral economic ties as the landmark USD 200 million project edges closer to completion. Pakistan’s Ambassador to China, Khalil Hashmi, and Punjab’s Minister for Industries and Commerce, Chaudhry Shafay Hussain, joined Chinese investors at the site located on Lahor

High-level Chinese team to visit FPCCI today

A high-level Chinese business delegation comprising over 50 members will visit Federation of Pakistan Chamber of Commerce and Industry (FPCCI) today (Monday) for B2B meeting with Pakistani entrepreneurs. Chinese trade delegation is Pakistan to explore joint venture opportunities with Pakistani entrepreneurs and strengthen bilateral trade and investment ties between the two friendly countries.

Weekly Cotton Review: Market witnesses sharp price surge

Pakistan’s cotton market is currently experiencing a sharp upward pressure on prices, influenced by fluctuations in quality standards and prevailing payment conditions. Market experts warn that available cotton stocks have reached critically low levels, creating a severe imbalance between supply and demand that continues to destabilise the market. Forward trading activity for the new crop ha

Malik, Barrick Gold Chairman review Reko Diq progress, future steps

Federal Minister for Petroleum Ali Pervaiz Malik held a meeting with Executive Chairman Barrick Gold, John L Thornton to review progress and discuss future steps regarding the Reko Diq Copper-Gold Project. During the meeting, both sides exchanged views on the development of the project and discussed ongoing efforts aimed at advancing work on Reko Diq, which is among the world’s largest undevelo

Govt revises Gwadar Port tariff structure to attract greater traffic

In line with the directions from the Federal Minister of Maritime Affairs Junaid Anwar Chaudhry, the Gwadar Port Authority has revised its port tariff structure to attract greater transit and international transshipment container traffic through Gwadar port. According to a statement released on Monday, the decision to significantly reduce tariffs is expected to increase global transit traffic.