Two federal ministers have forecast that Pakistan’s exports will climb to $100 billion from $30bn in the next few years without outlining the pathway for achieving a three-fold increase in export proceeds. Planning Minister Ahsan Iqbal and Commerce Minister Jam Kamal Khan painted a rosy export outlook on Tuesday while speaking at a dialogue on the Governance Innovation Lab on the ‘Export-Led Ec
Brent and US crude futures fell on Tuesday as fears of supply disruptions from the conflict between Israel and Iran eased after Iranian-backed Hezbollah signaled support for a ceasefire proposal put forth by Lebanon’s government. Brent crude futures were down $3.70, or 4.57 per cent, to $77.23 a barrel at 11:21 am CDT (1621 GMT). US West Texas Intermediate futures were down $3.57, or 4.63pc, at
The Senate Standing Committee on Commerce on Tuesday unanimously moved a privilege motion against commerce ministry officials for the exclusion of parliamentary members from the Board of the Trade Development Authority of Pakistan (TDAP) since 2021. The committee meeting chaired by Senator Anusha Rahman moved the motion against officials responsible for not taking parliamentarians to the TDAP b
The State Bank of Pakistan (SBP) on Tuesday announced a three-time increase in monetary incentives for exchange companies to bring more remittances into the country. The remittances increased to $30.25 billion in FY24. Most of the inflows were received through the banking channels, but the exchange companies’ participation was not insignificant as they deposited around $5bn. “We have been ne
Finance Minister Muhammad Aurangzeb said on Tuesday that the government is committed to keeping Pakistan on track with structural reforms in key economic sectors, including energy, state-owned enterprises, privatisation, taxation, and government rightsizing. He said that Pakistan has previously been seen as a “single-tranche country”, but the time has come to change this perception by implement