A reverse trend in the rupee-dollar equation has again forced manufacturers to raise prices of steel bars after a drop last month on account of the rupee’s gains. Syed Wajid Bukhari, General Secretary of the Pakistan Association of Large Steel Producers (PALSP), claimed on Thursday that steel bar prices had plunged to Rs245,000 per tonne last month after hitting a peak of over Rs300,000 per to
Elizabeth Horst, a senior US official who oversees Pakistan affairs at the US State Department, has underscored the vital link between democracy and economic stability, adding that a government aligned with the will of its people was better suited to implement economic reforms. Addressing the Second Annual Pakistan Conference at the Atlantic Council in Washington this week, she emphasised that
Pakistan’s exports to European nations witnessed a 12.13 per cent decline in the first quarter of the current fiscal year compared to the same period last year, primarily due to a reduced demand for Pakistani goods in western and northern Europe. The export revenue from these countries fell to $1.929 billion in July-September FY24, a noticeable drop from the $2.212bn recorded in the correspond
Caretaker Prime Minister Anwaarul Haq Kakar on Thursday urged Economic Cooperation Organisation (ECO) countries to enhance their regional share in international trade. “Despite being blessed with natural resources, geographical linkages and cultural heritage, ECO region has been unable to exploit its true trade potential as it had just two per cent share in global trade and 8pc in intra-regiona
The caretaker government and the International Monetary Fund (IMF) have reached a consensus on backup measures to activate by the year’s end if significant deviations from fiscal and monetary objectives threaten the broader aims of the ongoing $3 billion loan programme. Informed sources told Dawn that a visiting mission of the IMF and the Pakistani authorities would be concluding technical-leve