Pakistan’s cotton output has fallen by more than half from its peak, a decline that is now costing the economy an estimated $2-3 billion a year in additional imports and lost export earnings, the Overseas Investors Chamber of Commerce and Industry (OICCI) said in a report titled ‘Seeds of Growth’ released on Wednesday. The report […]
Business
Gold prices surge by Rs 4,600 per tola
The prices of gold witnessed a significant increase in the local market on Wednesday, with 24-karat gold per tola gaining Rs4,600 to settle at Rs433,836, according to rates issued by the All Pakistan Sarafa Gems and Jewellers Association. Similarly, the price of 10 grams of 24-karat gold increased by Rs3,944 to Rs371,944, whereas 10 grams […]
Rupee marginally up against dollar
The Rupee on Wednesday appreciated by 01 paisa against the US Dollar in interbank trading and closed at Rs 277.91, compared to the previous day’s closing of Rs 277.92. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market were recorded at Rs 278.90 and […]
Kamal eyes more investment after Pak-China B2B investment conference
Federal Minister for National Health Services, Regulations and Coordination, Syed Mustafa Kamal on Wednesday stated that special attention was paid to six important pharmaceutical sub-sectors in recent “Pakistan-China B2B Investment Conference 2026”, aiming to promote investment, technology transfer and local industry in Pakistan. While addressing a press conference, Kamal appreciated the Ministry of Health team […]
Minister invites FAMSUN to expand agri investment in Pakistan
Minister for National Food Security and Research, Rana Tanveer Hussain on Wednesday emphasized that Pakistan seeks a long-term partnership that goes beyond infrastructure development and includes technology transfer, local manufacturing, capacity building, research collaboration, and employment generation. The minister chaired a high-level meeting with a delegation of FAMSUN Group, led by its Chief Executive Officer, […]
Exports to China surge 51% in first half of 2026
Pakistan’s exports to China reached $1.874 billion in the first half of 2026, marking a substantial 50.7 percent surge compared with $1.244 billion recorded in the same period of 2025, according to the General Administration of Customs of China (GACC). Monthly performance demonstrated consistent growth momentum throughout the period, with March 2026 recording the highest […]
Soybean oil imports decrease by 68.41% in FY 2025-26
Soya-bean oil imports into the country during the financial year ended on June 30, 2026 decreased by 68.41 percent as compared to the imports of the corresponding period of the last financial year. During the period from July-June, 2025-26, about 97,521 metric tons of soya bean oil costing $108.683 million were imported as compared to […]
PSX turns bearish, sheds over 1,703 points
The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) turned around to bearish trend on Wednesday, losing 1,703.64 points, a negative change of 0.97 percent, to close at 174,429.93 points against 176,133.57 points recorded on the previous trading day. During the session, the ready market recorded a trading volume of 695.697 million shares with […]
S&P global upgrades Pakistan’s credit rating to ‘B’
Standard & Poor’s (S&P) Global has upgraded Pakistan’s long-term sovereign credit rating to ‘B’ from ‘B-’, citing economic reforms, stronger institutions, and improved foreign reserves. The upgrade is expected to support investor confidence and strengthen Pakistan’s access to international financial markets. According to S&P Global, the rating improvement reflects sustained implementation of reforms under the […]
Pakistan seeks $10bn US exchange facility
Pakistan has requested a $10 billion Exchange Stabilization Support Facility from the United States, according to a Reuters report. The proposed facility aims to strengthen foreign exchange reserves and support economic stability. The request comes amid regional uncertainties affecting Pakistan’s economy. Finance Minister Muhammad Aurangzeb discussed economic cooperation with US Treasury Secretary Scott Bessent during […]