News

Pakistan Textile Council flags raw material exclusion from Export Facilitation Scheme

The Pakistan Textile Council (PTC) has warned that the exclusion of key raw materials from the Export Facilitation Scheme (EFS) risks undermining the competitiveness of Pakistan’s textile exports. In a letter to Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial, the PTC expressed strong reservations over recent amendments to the scheme, notified via SRO 1435 of 2025. The council s

Foreign firm shows interest in introducing hybrid corn seeds

A Singa­pore-based hybrid seed company has shown keen interest in introducing climate-resilient hybrid corn seeds in Pakistan, finding the country having the po­­tential to get high yields. “Our latest hybrid corn seed technology has sho­wn the potential to incre­ase yields by up to 32 per cent, offering farmers higher productivity and improved profitability,” said Commercial Director for South

Gold exports in crisis as traders urge revival of SRO 760

Pakistan’s gold and jewellery export sector is facing a severe crisis following the abrupt suspension of SRO 760 on May 6, which halted imports of raw gold and stalled export consignments. According to Pakistan Bureau of Statistics (PBS) data, no gold was imported in June or July. Only nine kilograms of gold worth $927,000 were imported in May — primarily shipments made before the SRO’s suspens

Index slips on flood warnings, rollover jitters

The Pakistan Stock Exchange (PSX) extended its losses for the third consecutive session on Wednesday, as investors remained cautious amid fresh flood warnings and economic concerns, coupled with rollover pressure ahead of the expiry of futures contracts. The benchmark KSE-100 index shed 941 points, closing below the 147,500 level. An early rebound was short-lived as selling pressure dominated t

Pakistan seeks Asian Development Bank’s support for reforms

Paki­stan on Wednesday sought deeper collaboration and fresh support for policy-based lending from the Asian Development Bank for vast sectors of the economy, from climate to infrastructure to resource mobilisation, thro­ugh global capital instruments, like green bonds and debt-for-nature swaps, under the new 10-year partnership. The wish-list for future direct financial support and collaborati