In a first, Pakistan earns $6.2m through cigarette exports
Although Pakistan has been exporting tobacco raw material, this is the first time the country exported finished products
Food inflation on the rise despite reduction in POL prices
PESHAWAR: The prices of edible items remain high in provincial capital despite a record cut in oil prices and declining international rates...
Oil drops on US inventories and doubts over output cuts
LONDON: Oil prices dropped on Thursday on doubts over the ability of crude producers to agree to extend record output cuts, heightened...
US trade deficit widens as exports hit 10-year low
WASHINGTON: The US trade deficit surged in April as the Covid-19 pandemic upended the global flow of goods and services, pushing exports...
SBP reserves drop by a whopping $1.7bn
After suffering biggest weekly loss, SBP reserves now stand at $10.4bn
Stocks lose 282 points on selling pressure
KARACHI: Bears took control of the Pakistan Stock Exchange (PSX) on Thursday, with the benchmark KSE-100 Index shedding over 250 points amid...
SBP raises Rs146.5bn from T-bill auction
KARACHI: The State Bank of Pakistan (SBP) has reported that the government raised Rs146.5 billion through T-bills, against the auction target of...
CCP identifies challenges to competition in LPG sector
Commission recommends govt to introduce policy reforms, remove regulatory barriers, and put in place competitive LPG pricing framework to create level playing field in the sector
Cement sales plunge 37.6pc in May
ISLAMABAD: The impact of construction package announced by the government is yet to be seen, as domestic cement uptake declined by a...
KP millers threaten protest if ban on wheat supply not lifted
PESHAWAR: Flour millers of Khyber Pakhtunkhwa on Wednesday threatened to start a protest along with their workers across the province from next...
Anti-tobacco activists demand Rs20 increase in FED on cigarettes
ISLAMABAD: Anti-tobacco activists on Wednesday demanded the government to increase federal excise duty (FED) on cigarettes by at least Rs20 in the...
Razak Dawood urges exporters to exploit global market for PPE
ISLAMABAD: Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood has urged the local exporters to supply Personal Protective Equipment...
Dairy industry’s woes multiply as Covid-19 disrupts supply chain
LAHORE: Already dealing with many deep-seated issues such as financial insecurity, untrained manpower, unregulated market, fragile production base, seasonality of milk production...
Oil falls from $40 as doubts emerge over next step on OPEC cuts
LONDON: Oil fell after touching its highest since March at more than $40 a barrel on Wednesday as doubts emerged about the...
Six OMCs issued show cause notices for not maintaining fuel stocks
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Wednesday issued show cause notices to six oil marketing companies (OMCs) for not...