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China making efforts to achieve balanced trade

Chinese Consul General in Lahore Zhao Shiren has emphasised that Beijing is making all-out efforts to have balanced trade with Pakistan and create more opportunities for Pakistani exporters. He pointed out that bilateral trade had grown substantially, with the trade volume reaching $16.2 billion in financial year 2023-24. He said that China was keen on narrowing the trade deficit by encouraging

New record-high at PSX as KSE-100 zooms past 114,000

Shares at the Pakistan Stock Exchange (PSX) continued their record-setting streak on Thursday as the KSE-100 index climbed more than 3,000 points to surpass the 114,000 mark. The benchmark KSE-100 index climbed 2,538.72 points, or 2.29 per cent, to stand at 113,348.93 points from the previous close of 110,810.21 points at 10:49am. Finally, the index closed at 114,180.50, up by 3,370.29 point

Textile units may need NOC for incentives

extile units holding back payment of cotton cess may need to obtain a No Objection Certificate (NOC) from the Pakistan Central Cotton Committee (PCCC) to avail of subsidies, secure import and export permits, and take advantage of government incentives or packages. Alternatively, the amount of cess should be recovered through the Federal Board of Revenue, while the federal government could provi

Pakistan unit of British firm Haleon to manufacture Centrum multivitamins

Haleon Pakistan plans to start manufacturing multivitamin brand Centrum in the country for domestic sales and export, its chief executive officer (CEO) said, as it seeks to boost sales in the country amid lower inflation. The Pakistan unit of British consumer healthcare firm Haleon plans to expand its pain management offerings next year by adding the Panadol range for menstrual pain and migrain

China keen to invest $1bn in medical city, economic sectors

A Chinese business delegation met with President Asif Ali Zardari in Karachi on Thursday and expressed interest in investing $1 billion in a medical city, as well as in diverse sectors of the economy. Pakistan has held strong bilateral relations with China which has supported it through many investments and development projects such as the China-Pakistan Economic Corridor project which was term