News

Surging rice shipments fuel food exports

Pakistan’s raw food exports grew 13.83 per cent to $3.96 billion in July-December 2024-25 compared to $3.48bn in the same period last year, mainly due to increased rice shipments. Exports of foodstuffs have risen for the past 17 months despite unprecedented food inflation. As a result, consumers are paying higher prices because of supply and demand gaps. Official figures compiled by the Paki

Govt vows consistency to transform economy

Planning and Development Minister Ahsan Iqbal has assured the foreign investors of consistency in the policies to make Uraan Pakistan successful. He recalled three such initiatives had crashed in the past owing to inconsistent policies and political instability, he told a press conference after a meeting with the members of Overseas Investors Chambers of Commerce and Industry (OICCI) on Thursday.

Aurangzeb showcases IT sector’s potential at World Economic Forum

Minister for Finance Muhammad Aurangzeb has emphasised that Pakistan has made significant vertical progress in information technology and is home to the third-largest population of freelancers, which he said is fortunate for the country. Speaking at a high-level panel discussion — on the “Role of New Technologies in Promoting Trade and Investment” — at the World Economic Forum (WEF) on Thursday

PSX ends bearish over tax law worries

Pakistan Stock Exchange (PSX) on Wednesday engaged in highly bearish trading, reflecting investor concerns over the Tax Laws Amendment Bill, which was seeking to bar non-filers from making stock purchases beyond certain limits. Analysts attributed the market's downturn of nearly 1,600 points to apprehensions surrounding the legislative change, alongside broader economic challenges such as rupee

Tourism could generate $2b revenue

Atif Ikram Sheikh, President, and Zaki Aijaz, Regional Chairman and Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), have stressed that Pakistan can generate billions of dollars annually by developing its tourism and culture sectors. In a press statement released on Wednesday, they pointed out that with the global tourism industry valued at nearly $10 trillio