Exports to European countries grew 8.32 per cent in the first half of 2024-25, mainly due to higher shipments to western states. In absolute terms, Pakistan’s exports to the European Union (EU) reached $4.429 billion in July-December FY25 from $4.089bn last year, according to data compiled by the State Bank of Pakistan. The export resurgence was due to a slight increase in demand for Pakista
Pakistan needs to focus on specialised IT skills and international branding as there is significant potential for growth in this sector, said Saquib Ahmad, Country Managing Director SAP Pakistan, Afghanistan, Iraq and Bahrain. Talking to the media on Monday, he added that to unlock its full potential, Pakistan needs international branding of its IT sector to ensure seamless profit repatriation
Pakistani IT companies have attracted numerous international companies from various sectors and cut investment deals at LEAP 2025, the Pakistan Software Houses Association (P@SHA) said on Monday. The association said that over 100 Pakistani IT companies with over 1,000 delegates are attending the tech conference in Riyadh, which brings innovators and experts from all around the world. It s
Oil prices ticked higher on Monday even as investors weighed US President Donald Trump’s latest tariff threat, this time on all steel and aluminium imports, which could dampen global economic growth and energy demand. Brent crude futures climbed 51 cents, or 0.7 per cent, to $75.17 a barrel by 0444 GMT while US West Texas Intermediate crude was at $71.45 a barrel, up 45 cents, or 0.6pc.
Amid a robust inflow of remittances, Pakistan met the $5 billion annual growth target in the first seven months of the current fiscal year. The latest data issued by the State Bank of Pakistan (SBP) on Monday showed that the country received $20.8bn in remittances during the July-January FY25 compared to $15.8bn, showing the country received an additional $5bn with a growth of 31.7pc. Financ