Food group exports from the country witnessed an increase of 18.17 percent during the first seven months of the current fiscal year (2024-25) as compared to the corresponding period of last year, the Pakistan Bureau of Statistics (PBS) reported. The exports of various food commodities were recorded at $4.613 billion during July-January (2024-25) as compared […]
Business
Pine nuts exports to China cross $18m in 2024
Pakistani pine nut exports to China have surpassed $18.78 million in 2024, according to official data from the General Administration of Customs of the People’s Republic of China (GACC). From January to December 2024, China imported 981.64 tons of pine nuts from Pakistan, with a total value of $18.78 million, up from $8.22 million in […]
The Bank of Punjab achieves its highest profitability and announces a record cash dividend, the highest-ever since its inception in 1989
A meeting of the Board of Directors of The Bank of Punjab (BOP) was held on 17th February 2025 to review and approve the Annual Audited Financial Statements for the year ended December 31, 2024. Despite facing challenges on both the revenue and expenditure sides, including the implementation of IFRS-9, the debt restructuring of a […]
PIA ‘set’ to resume direct flights to US
Pakistan International Airlines (PIA) is gearing up for the revival of the direct flights to the United States (US). As per details, hopes for direct flights revival to the US by PIA as a delegation from the US Federal Aviation Administration (FAA) is scheduled to visit Pakistan in mid-March for a final clearance inspection, sources […]
Pak, Turkiye need to revamp PTA to unlock business potential: BMP
The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel (BMP) on Sunday suggested that that Pakistan and Turkiye need to revamp their preferential trade agreement with a view to addressing existing challenges and unlocking the business potential between the two countries. The BMP Chairman and FPCCI former president Mian Anjum Nisar said the […]
‘Power sector afflicted by gross inefficiencies, huge losses’
The Pakistan Industrial and Traders Associations Front (PIAF) on Sunday observed that power sector has long been afflicted by gross inefficiency, huge losses, and unstable finances, stressing the need for its restructuring of its debt, long-term reforms and privatization, as the experts have revised economic growth projection downward to 3% for fiscal year 2025, reducing […]
Malik for modernizing agriculture for sustainable economic growth
SAARC Chamber of Commerce and Industry’s former President Iftikhar Ali Malik emphasized on Sunday that Pakistan’s future depends on the adoption of modern technologies in agriculture to achieve sustainable economic growth and development. In a statement, he urged the government to prioritize this crucial sector, as agriculture remains the backbone of Pakistan’s economy, contributing significantly […]
Pakistan’s renewable energy boom unlocks billions in climate finance: PIDE
Pakistan stands at a pivotal moment in its fight against climate change, with an opportunity to transform its renewable energy sector into a revenue-generating powerhouse. Dr. Nadeem Javaid, Vice Chancellor of the Pakistan Institute of Development Economics (PIDE), has called for immediate and decisive action to integrate renewable energy with carbon credit markets, positioning climate […]
Pakistan must leverage Turkey’s food market to boost exports: FPCCI Convener
Convener Federation of Pakistan Chamber of Commerce & Industry regional committee on Food Shahid Imran has said that Pakistan, an agrarian economy with vast agricultural resources, must fully exploit the untapped food import potential of Turkey to bolster Pak export leading to economic growth and strengthen bilateral trade ties. Talking to a delegation of food […]
RCCI President calls for Charter of Economy
The Rawalpindi Chamber of Commerce and Industry (RCCI), has emphasized the urgent need for a charter of economy to ensure policy continuity and economic growth. RCCI President Usman Shaukat while addressing the All Pakistan Chambers Presidents Conference (APCPC) in Rahim Yar Khan, urged all key stakeholders to collaborate in formulating a comprehensive industrial policy to […]