The first consignment of Pakistani-made tractors reached Tanzania on Wednesday, marking a significant milestone in the country’s trade relations with East Africa. An official announcement of the commerce ministry said that Masai Trekta Company Ltd, having recently opened its tractor distribution head office in Tanzania, has become a key partner in distributing Pakistani ATS tractors across Tanz
With falling imports and a sharp deceleration in inflation, the government is urged to renegotiate targets of macroeconomic indicators with the International Monetary Fund (IMF) to lower the tax burden on the salaried class and corporate sector and boost economic activity. The IMF team will visit Islamabad next month to conduct the first economic review under the 37-month $7 billion Extended Fu
Gold continued to shine as 10-gram and one-tola rates hit a new all-time high of Rs246,828 and Rs287,900 on Tuesday, up by Rs2,486 and Rs2,900, respectively, day-on-day. As per All Sindh Saraf and Jewellers Association (ASSJA), an increase of $29 per ounce to $2,784 pushed up domestic rates, which also included a $20 per ounce premium in the global bullion rates which the association had starte
Expressing concerns over cotton production and confusing signals from the manufacturing sector, the government expressed “cautious optimism” on Wednesday about sustainable economic recovery and a further deceleration in inflation. “Inflation will remain within the range of 6-7 per cent in October and further down to 5.5-6.5pc in November,” said the Ministry of Finance (MoF) in its Monthly
The National Electric Power Regulatory Authority (Nepra) announced on Wednesday that electricity rates for consumers of ex-Wapda distribution companies (Discos) will be higher next month despite lower fuel costs. During a public hearing on fuel cost adjustments (FCA) for September’s electricity consumption, a Nepra case officer said that “there would be a net increase of 15 paise per unit for c