News

Automakers’ help sought for balanced tariffs

The Ministry of Industries and Production has requested assistance from the auto sector to develop a tariff structure that balances the needs of the auto industry with the conditions set by the International Monetary Fund. A high-level meeting took place on Tuesday between Haroon Akhtar Khan, the Special Assistant to the Prime Minister, and representatives from the Pakistan Automotive Manufactu

Pakistan, US agree to diversify trade partnership

The United States Charge d’Affaires in Pakistan, Ms Natalie A. Baker, said on Tuesday that the resumption of US soybean exports to Pakistan signifies the growing partnership between the two countries. Ms Natalie accompanied the delegation of the US Chamber of Commerce and the US-Pakistan Business Council (USPBC), which met Commerce Minister Jam Kamal Khan. Senior Vice President Charles Freem

Aurangzeb, PM’s privatisation czar in UK to woo investors

Finance Minister Muhammad Aurangzeb and Adviser to Prime Minister on Investment Muhammad Ali arrived in London on Tuesday for talks with global financial leaders as Pakistan looks to attract investors to boost the economy. The two-day visit will include engagements with top global investors and financial institutions to accelerate foreign direct investment, according to the Privatisation Commis

Gas outages in times of abundance questioned

A Senate panel on Tuesday expressed concern over gas loadshedding in many areas despite excess supplies. The meeting of the Senate Standing Committee on Petroleum, presided over Senator Umar Farooq, was also told that Sindh was now the largest producer and consumer province in the country — producing about 1,609 million cubic feet per day (mmcfd) of gas and consuming about 1,115mmcfd. During

PSX ends flat amid geopolitical jitters

The Pakistan Stock Exchange (PSX) witnessed a turbulent start to the week, with the benchmark KSE-100 Index closing nearly flat amid rising tensions with India and SBP policy uncertainty. The index dipped steeply in early trading, falling by 1,036 points. However, it made a strong recovery in the second half, mainly supported by the cement sector, while other stocks closed lower. The index closed