China’s Shandong Xinxu Group has expressed interest in building a multi-billion-euro Integrated Maritime Industrial Complex (IMIC) at Port Qasim. The proposal was formally presented by a high-level five-member delegation from Shandong Xinxu Group during its meeting with the Federal Minister for Maritime Affairs, Muhammad Junaid Chaudhry, here on Thursday. The delegation, led by the company’s
The country’s textile exports have shown dismal performance during the first five months (July-November) 2025-26) as compared to the corresponding period of FY 2024-25. According to Pakistan Textile Council’s (PTC) monthly report of the country’s textile and apparel exports, the textile sector remained the dominant contributor, with exports reaching USD 7.84 billion, representing a 2.8 percent
Oil prices fell in early trading on Friday and were set to close lower for a second straight week, as rising prospects of a Russia-Ukraine peace deal offset concerns over supply disruptions from a blockade of Venezuelan oil tankers. Brent crude futures fell 9 cents, or 0.2%, to $59.73 a barrel by 0111 GMT, and U.S. West Texas Intermediate crude was trading 16 cents, or 0.3% lower, at $55.99 a b
The Pakistani rupee strengthened against the US dollar, appreciating 0.07% during the opening minutes of trading in the inter-bank market on Friday. At 10am, the local currency was hovering at 280.05, a gain of Re0.21 against the greenback. On Thursday, the local unit closed at 280.26. Globally, the Japanese yen was pinned near recent lows on Friday while traders waited to see whether the Ba
Rafhan Maize Products Company Limited (RMPCL) has received a firm intention from Nishat Group–linked entities and members of the Mansha family to acquire control and up to 75.69% of its voting shares. RPMPL, one of Pakistan’s largest agro-based companies, disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Friday. The company said the intention was conveyed throug