A Pakistani technology company has introduced AI Faceless Operations, a fully automated, round-the-clock system designed to digitalise and streamline cross-border trade processes. The solution aims to address major inefficiencies in the trade sector, which currently suffers an estimated annual loss of $36 billion due to outdated, paper-based systems that threaten up to 3 million jobs. The te
Goods transporters have urged the government to order shipping companies and port authorities to waive demurrage and late delivery charges incurred due to 12-day canal protests. Pakistan Goods Transporters Association (PGTA) Chairman Nisar Hussain Jafry said thousands of commercial vehicles were struck due to roadblocks by the protesters, including lawyers and the people of Sindh, against const
Pakistan’s trade deficit with the Middle East increased 10.11 per cent to $10.502 billion in the first nine months of FY25 from $9.538bn in the same period last year due to higher petroleum imports. The growing trade deficit raises concerns among decision-makers, mainly due to the rising influx of petroleum products. Meanwhile, export growth to select countries in the region remains minimal, ac
Beijing is “evaluating” an offer from Washington to hold talks over US President Donald Trump’s 145 per cent tariffs, China’s Commerce Ministry said on Friday, although it warned the United States not to engage in “extortion and coercion”. Washington and Beijing have been locked in a cat-and-mouse game over tariffs, with both sides unwilling to be seen to back down or be the first to come to th
Exports as a percentage of GDP have consistently declined while poor Foreign Direct Investment (FDI) could not generate higher economic productivity, said the State Bank of Pakistan (SBP). In a detailed research in the half-yearly report on the State of the Economy 2024-25, released on Monday, the central bank observed that one of the key underlying issues facing Pakistan’s economy was weak com