Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh has said the US is one of the few countries in the world with which Pakistan enjoys a bilateral trade surplus, and Pak-US trade volume crossed the $7 billion mark in 2023 and continues to increase in 2024 as it has crossed $6.3 billion in the first 10 months. "From the perspective of the business, indus
Foreign loan disbursements dropped 43% to $3.6 billion in the first five months of the current fiscal year due to slower-than-expected releases, showed the official statistics on Monday. Against loans of $6.4 billion received during the July-November period of last fiscal year, Pakistan got $3.6 billion from bilateral and multilateral creditors during this fiscal year, according to figures repo
Liquefied natural gas (LNG) imports have once again started hurting the local oil and gas industry as exploration companies have suffered a loss of $192 million in the last four months due to the addition of LNG to the transmission system. Following LNG import, gas utilities have curtailed supplies from local fields, which are operated by exploration companies. According to sources, the total c
Despite robust market liquidity, the government raised Rs1,645 billion against maturity of Rs1,565 billion through the auction of treasury bills (T-bills) and Pakistan Investment Bonds (PIBs), while accepting a lower amount than its target for both instruments, reflecting a strategic approach to debt management. The government raised Rs1,645 billion through the auction of T-bills and PIBs held
After two straight recovery sessions following a ruthless bloodbath in the last week, the bears on Tuesday again drove the bulls out of the stock market, causing investors a staggering loss of Rs690 billion in a single day. The market opened in the green and surged 1,112 points to hit an intraday high of 115,036.50. However, bears entered the market and wiped out 1,630 points to 112,294.42.