Pakistan plans to double its exports within the next three to five years, with a particular focus on the Gulf Cooperation Council (GCC) market, according to Finance Minister Muhammad Aurangzeb. Speaking to Asharq Business and Bloomberg during his visit to Saudi Arabia for the Alula Conference for Emerging Market Economies 2025, Aurangzeb outlined the country’s ambitions to significantly boost i
Pakistan's exports in January 2025 stood at $2.95 billion, reflecting a 6% year-on-year (YoY) increase. However, imports rose at an almost double pace at 11% YoY and as a result, trade deficit widened 18% to $2.3 billion. Exports rose 1% month-on-month (MoM) while imports declined 2% compared to the previous month. Notably, petroleum imports increased 3% YoY but dropped 12% MoM. According to
Federal Minister for Petroleum Dr Musadik Malik has said that after a decade 40 new offshore and 31 onshore blocks have been offered for oil and gas exploration. Speaking at the 30th Annual Technical Conference and Oil Show on Tuesday, the minister said a significant portion of Pakistan's natural resources had remained unexplored and invited international investors to capitalise on opportunitie
The real estate sector has called for tax relief initiatives and streamlined regulatory procedures to promote stronger activity. Eighteen Housing CEO Tarek Hamdy met a group of journalists to underscore the real estate sector's indispensable contribution to national growth. Amidst ongoing discussions about the upcoming relief package by the Pakistani government, Hamdy called for prioritising th
Pakistan Sugar Mills Association (Punjab Zone) has said that the sugar industry appreciates and supports efforts of federal and provincial governments to provide the cheapest possible sugar to consumers in Ramazan and it will make discounted sugar available at Rs130 per kg through sale points to be established throughout the country. Commenting on current sugar prices, a spokesman for the assoc