The government is upgrading the National Maritime Policy to be valid until 2047. However, key inputs and coordination from other ministries and provinces could delay its enforcement. The Ministry of Maritime Affairs has commenced the consultation process with all relevant stakeholders to formulate the upgraded maritime policy. One of the key targets of the National Maritime Policy (NMP) 2025
Exports to European countries grew 9.86 per cent in the first seven months of the current fiscal year from a year ago mainly due to higher shipments to western states. In absolute terms, Pakistan’s exports to the European Union (EU) reached $5.345 billion in July-January FY25 from $4.865bn last year, according to data compiled by the State Bank of Pakistan. The export resurgence was due to a
Amid growing concerns over Pakistan’s cash-dominated economy, bankers at a recent summit in Karachi called for a comprehensive digital policy to complement fiscal and monetary policies, paving the way for a more inclusive financial system. While Pakistan’s banking sector remains highly profitable due to heavy investments in government securities, speakers at the summit emphasised the urgent nee
A court in India’s finance hub Mumbai has ordered an investigation into allegations of stock market fraud by the former chief markets regulator, officials and local media said on Sunday. The anti-corruption bureau was directed to begin a probe against former Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch and five other officials “in connection with alleged stock mar
The All Pakistan Fruit and Vegetables Exporters, Importers and Merchants Association (PFVA) has expressed serious concerns over the proposed formation of the National Agri-Trade and Food Safety Authority (NAFSA). In a letter to the Ministry of Food Security on Saturday, PFVA Chairman Aslam Pakhali termed the move unnecessary and unwarranted, saying the new authority will further burden the hort