It seems like Pakistan's so-called 'vibrant' textile sector is on its way towards a modest improvement in terms of earning export revenues for calendar year 2025; however, for 2026, a majority of textile pundits are sensing a declining trend due to tariff reshufflings and strategic shifts by global players, particularly the United States under Trump 2.0 and the People's Republic of China, as both
Pakistan government raised record Rs2 trillion through domestic Sukuk issuances in 2025, marking the highest annual volume since the introduction of Islamic bonds in 2008. The development was shared by Finance minister’s advisor Khurram Schehzad in a post on X. “In 2025, the Ministry of Finance (MoF) through its Debt Management Office, together with its Joint Financial Advisors (JFAs), succe
Following a report of an intelligence agency, the Federal Board of Revenue (FBR) has sealed two sugar mills located in Central Punjab for serious breaches of statutory provisions. Taking action on the same report of the intelligence agency, the FBR had suspended six Inland Revenue officials, deputed at the mills. The enforcement action was taken following violations of Section 40C of the Sal
Gold rose on Tuesday to recover from a two-week low hit in the previous session on year-end profit-taking that sparked a broad pullback in precious metals from earlier peaks. Spot gold was up 0.7% at $4,363.79 per ounce, as of 0322 GMT, after hitting a record high of $4,549.71 on Friday. It fell to its lowest since December 17 on Monday, also its sharpest daily loss since October 21. US g
Oil prices retreated a touch early on Tuesday after rising more than 2% in the previous session, partly driven by spillover from a pullback in precious metals even as escalating Russia–Ukraine tensions left markets grappling with supply disruption fears. Brent crude futures for February delivery , which expires on Tuesday, were down 21 cents, or 0.3%, at $61.73 a barrel as of 0150 GMT. The m