Export of services grew 6.16 per cent to $4.748 billion in the first seven months of the current fiscal year from $4.472bn a year ago, driven by the telecommunication sector. Services exports have seen positive growth since February 2024, mainly due to a surge in information technology and other businesses. However, there was a 6.5pc decline in August 2024. In rupee terms, the exports improved
After the detection of irregularities leading to the cancellation of 500-acre Port Qasim land sale last month, the Senate Standing Committee on Maritime Affairs on Tuesday reviewed the current state of Port Qasim’s land holdings and ordered immediate freezing of pending payments in land acquisition deals at Port Qasim, KPT, Gwadar Port and PNSC. The relevant officials earlier briefed the Senate
Construction activities slightly improved as cement sales rose 7 per cent to 3.065 million tonnes in February compared to 2.869m in the corresponding period last year. Export despatches rose 34.30pc to 531,736 tonnes from 395,935 tonnes in February 2024. The All Pakistan Cement Manufacturers Association (APCMA) data showed total cement despatches were up 10.15pc to 3.596m tonnes against 3
The country’s oil marketing companies (OMCs) recorded sales of 1.14 million tonnes in February, up 2pc year-on-year (YoY) while down 18pc month-on-month (MoM). The MoM decline was majorly due to fewer working days in February. This takes total sales for 8MFY25 to 10.55m tonnes, reflecting a 4pc YoY increase compared to 10.18m tonnes in 8MFY24. Myesha Sohail of Topline Securities said petrol
Canadian Prime Minister Justin Trudeau launched a stunning attack on Donald Trump’s “dumb” trade war as huge US tariffs kicked in against Canada, Mexico and China on Tuesday, sparking angry and immediate retaliation from all three. A furious Trudeau accused Trump of trying to cause the collapse of Canada’s economy to make it easier for the United States to annex his country, and blasted Washing