PAKISTAN is one of the countries most vulnerable to climate change. It has paid a massive cost over the years due to recurring climate events that not just destroy infrastructure, but also livelihoods, while having a very high human cost. The floods that ravaged the southern half of the country led to direct losses of more than $30 billion, while indirect losses that can be attributed to a disr
The export of services maintained a positive trajectory for the fourth consecutive month rising 5.63 per cent year-on-year to $656.03 million in October. The downturn in commodity exports also reversed in November and October after a continual fall in the current fiscal year, according to data compiled by the Pakistan Bureau of Statistics. In rupee terms, the export of services grew 34.26pc
Local cement despatches posted a marginal rise of two per cent to 16.688 million tonnes during the first five months of the current fiscal year, a tepid pick up in construction activities. However, cement exports surged 104pc to 3.129m tonnes in July-November from 1.529m tonnes in the same period last year. As a result, the cumulative despatches (local and exports) grew 11pc to 19.816m tonne
Auto parts exports have shown a lethargic growth in the last seven years despite holding a regular prestigious auto show in Pakistan and active participation of local vendors in global auto exhibitions. Exports stood at $16 million in FY18 and after some ups and downs, they reached $27m in FY22 but fell to $22m in FY23. During July-October FY24, exports dipped to $7.1m from $8m in the same peri
Pakistan and Saudi Arabia have reached a consensus on the investment modalities, paving the path for the ratification of a much-awaited free trade agreement with the Gulf Cooperation Council (GCC), a development that has been pending for the last 19 years. A high-powered delegation, led by Interim Commerce Minister Gohar Ejaz, held the final round of discussions with the GCC’s chief negotiator