AD Ports Group, a UAE-based logistics company, has agreed to review existing terminal cargo handling charges following Pakistan's demand for a reduction in fees at Karachi Port, aimed at making port operations more competitive and business-friendly. The federal government has constituted a negotiation committee to engage with AD Ports Group on the issue of cargo handling charges. The committee
Pakistan's foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $13 million during the week ended January 23, 2026, reaching $16.101 billion, according to official data released on Wednesday. The country's total liquid foreign reserves, including commercial banks' net reserves of $5.192 billion, stood at $21.293 billion. Analysts noted that SBP reserves now provide around
Federal Minister for Board of Investment Qaiser Ahmed Sheikh met a delegation of Silkway Impex Pvt Ltd and a high-level Chinese Belt and Road Initiative (BRI) delegation to discuss investment cooperation, with minerals emerging as the priority focus of the talks. According to an official statement issued on Thursday, the meeting included Deng Yubin, Head of the BRI for Yunnan Province. Shei
In a bid to stabilise the embattled Iranian rial and bolster its flagging economy, Iran’s Ambassador to Pakistan, Dr Reza Amiri Moghaddam, stated on Thursday that Tehran intends to expand its landmark 25-year oil agreement of USD 400 billion with China. The strategic move aims to diversify Iran’s economic partnerships as the country grapples with the compounded effects of prolonged economic san
Stocks were volatile in early Asian trading on Friday after US President Donald Trump endorsed a bipartisan deal to avert a fresh government shutdown and said he has decided who he will nominate to lead the Federal Reserve. MSCI’s broadest index of Asia-Pacific shares outside Japan fluctuated between gains and losses and was recently down 0.2%, extending the previous day’s declines as it hea