Pakistan eyes $20b in trade with Saudi Arabia | The Express Tribune

ISLAMABAD: Observing that the current trade volume falls short of expectations, Caretaker Federal Minister for Commerce and Industry, Gohar Ejaz said that Pakistan aims to lift bilateral trade with Saudi Arabia upto $20 billion. Addressing the Pakistan-Saudi Business Forum in Riyadh on Thursday, the minister said that legislation would be enacted to promote bilateral investment […]

PSX sheds over 1,300 points during intraday trade

An investor talks on his phone at the PSX in this undated picture. — AFP/File KARACHI: Political uncertainty continued to dominate the negative sentiment at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 index lost close to 1,400 points during intraday trading on Tuesday. The KSE-100 index stood at 59,674.31, losing 1,391 points, or […]

Henan looks to promote trade, cooperation | The Express Tribune

BEIJING: Pakistan Ambassador to China, Khalil Hashmi and Deputy Mayor of Pingdingshan city in China’s Henan province have agreed to further advance trade and investment cooperation between Pakistan and Henan. “Glad to meet Ding Shaoge, Deputy Mayor of Pingdingshan, a dynamic city in Henan province. Productive conversation on further advancing trade and investment cooperation between […]

Trade deficit shrinks to $13.1b | The Express Tribune

ISLAMABAD: Pakistan’s trade deficit shrank to $13.1 billion during the first seven months of this fiscal year, which is $6.4 billion less than the same period of the last fiscal year. This development offsets pressure on the exchange rate market amid thin foreign exchange reserves. During the July-January period of this fiscal year, the gap […]

Pakistan, Iran ready to boost trade to $5 billion: envoy

Pakistan’s Ambassador to Iran Mudassir Tipu speaking at an event welcoming Pakistani naval ships at the Iranian port of Bandar Abbas on January 14, 2024. — X/@MuhammadMu85183 With the country’s economy stuck in a downward spiral, Pakistan’s ambassador to Iran Mudassir Tipu said that the two countries are ready to increase their bilateral trade to […]

Navigating trade in the new year | The Express Tribune

KARACHI: Year 2023 was challenging for Pakistan. The inflation rate skyrocketed to almost 30%, while the real GDP growth rate, as reported by the International Monetary Fund’s World Economic Outlook Database, was -0.5% in 2023. It was the only time, apart from the Covid-19 impacted 2020, that Pakistan reported negative growth in GDP in constant […]

Pakistan to shine at Heimtextil 2024 trade fair | The Express Tribune

KARACHI: Pakistan, renowned for its rich textile heritage, is gearing up for a groundbreaking opportunity as it prepares to participate in Heimtextil 2024. With a focus on maximising home textiles exports, Pakistan’s presence at this prestigious international trade fair promises to elevate the nation’s position in the global market. Amidst a wave of anticipation and […]

KSE-100 nosedives by over 2,000 points during intraday trade

A stock broker looks at a computer during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on July 31, 2023. — AFP KARACHI: Bears took control of the Pakistan Stock Exchange (PSX) on Tuesday as the market witnessed a correction with a decline of over 2,000 points during the intraday trading.  The […]

Shipping firms impose extra fees on trade | The Express Tribune

OSLO/PARIS: Some of the world’s largest shipping firms, including Maersk and CMA CGM, will impose extra charges after they re-routed ships in response to attacks on vessels in the Red Sea, as worries about disruption to global trade grow. The surcharges, designed to cover longer voyages around Africa compared with routes via the Suez Canal, […]

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