Pakistan's exports in January 2025 stood at $2.95 billion, reflecting a 6% year-on-year (YoY) increase. However, imports rose at an almost double pace at 11% YoY and as a result, trade deficit widened 18% to $2.3 billion. Exports rose 1% month-on-month (MoM) while imports declined 2% compared to the previous month. Notably, petroleum imports increased 3% YoY but dropped 12% MoM. According to
Federal Minister for Petroleum Dr Musadik Malik has said that after a decade 40 new offshore and 31 onshore blocks have been offered for oil and gas exploration. Speaking at the 30th Annual Technical Conference and Oil Show on Tuesday, the minister said a significant portion of Pakistan's natural resources had remained unexplored and invited international investors to capitalise on opportunitie
The real estate sector has called for tax relief initiatives and streamlined regulatory procedures to promote stronger activity. Eighteen Housing CEO Tarek Hamdy met a group of journalists to underscore the real estate sector's indispensable contribution to national growth. Amidst ongoing discussions about the upcoming relief package by the Pakistani government, Hamdy called for prioritising th
Pakistan Sugar Mills Association (Punjab Zone) has said that the sugar industry appreciates and supports efforts of federal and provincial governments to provide the cheapest possible sugar to consumers in Ramazan and it will make discounted sugar available at Rs130 per kg through sale points to be established throughout the country. Commenting on current sugar prices, a spokesman for the assoc
Gold prices continued their upward trajectory on Tuesday, in line with the international market trend. The price of gold per tola rose Rs1,000, reaching Rs304,200, while the 10-gram price increased Rs857 to Rs260,802, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA). This follows a Rs1,700 per-tola increase recorded on Monday. On the global front, gold prices also ex