Pakistan’s exports to five central Asian countries (CACs) contracted 17 per cent during the first half of 2024-25. The country’s exports to the region have yet to attain their full potential. Similarly, imports from Kazakhstan, Tajikistan and Uzbekistan to Pakistan have increased significantly despite regular high-profile visits to balance the trade deficit. In absolute terms, the value of P
Pakistan and China have agreed to strengthen their bilateral cooperation in counter-terrorism activities, reiterating that any attempt to undermine or disrupt their ties was bound to fail, the Foreign Office (FO) said on Thursday. They also agreed to upgrade cooperation in various other sectors such as defence, agriculture and information technology. The bilateral ties and cooperation were disc
Commerce Minister Jam Kamal Khan on Thursday inaugurated the country’s first-ever ‘Made in Pakistan’ single-country exhibition in Jeddah, marking a significant step towards enhancing trade ties with Saudi Arabia. Addressing a gathering of Saudi officials, business leaders and diplomats, the minister emphasised the importance of strengthening bilateral economic cooperation and showcasing Pakista
Canadian miner Barrick Gold’s overall proven and probable gold reserves jumped 23 per cent to 17.4 million ounces at the end of 2024, lifted by its Reko Diq copper-gold project, the company said on Thursday. The company added 13 million ounces of gold to its probable reserves on an attributable basis following the completion of its feasibility study at Reko Diq. Barrick owns a 50pc stake in the
The State Bank of Pakistan (SBP) foreign exchange reserves increased by $46 million during the week ended on Jan 31 after witnessing a decline in the two preceding weeks. This latest increase pushed the SBP forex holdings to $11.42 billion. The State Bank regularly buys dollars from the interbank market. However, the SBP did not mention the sources of the inflows that helped the reserves increa