The Pakistan Carpet Manufacturers and Exporters Association (PCMEA) has called for reduction in customs duties as the levies are “adversely impacting the sector’s ability to survive”. A PCMEA delegation, led by Abdul Malik, presented the demands at a meeting with Commerce Minister Jam Kamal Khan on Thursday, according to a press release. The delegation apprised the minister about the hurdles
The prices of major petroleum products are estimated to remain mostly unchanged for the next fortnight ending December 15 owing to a negligible change in international prices and a minor gain in the exchange rate. Informed sources said the average prices of petrol and high-speed diesel (HSD) had slightly increased in the international market in the last fortnight. Import premium on both petrol
In a stunning display of resilience following previous day's record slump, the Pakistan Stock Exchange (PSX) roared back to life on Wednesday as it skyrocketed nearly 4,700 points – the biggest single-day surge in the bourse's history. A day ago, the market was jolted by massive sell-off, plunging over 3,500 points on the back of growing political unrest. The spectacular rebound, which took the
The United States remains Pakistan's top export destination during the first four months of the financial year 2024-25, with exports totalling $2,037.27 million, a 9.4% increase from $1,862.09 million in the same period last year, according to the State Bank of Pakistan (SBP). China ranked second, with exports amounting to $813.44 million, down 14.6% from $952.44 million last year. The United K
Ports and shipping experts have called for improving the security and safety ecosystem at ports, while expressing grave concerns over it and urging the authorities concerned to ensure four facets — maritime safety, marine environmental protection, maritime law enforcement, and national defence — forthwith. Pakistan International Bulk Terminal Limited (PIBTL), located at the Port Qasim Authority