The All Pakistan Textile Mills Association (APTMA) has raised concerns over the absence of an interim benchmark rate for cotton pledged with banks following the closure of the Karachi Cotton Association (KCA) office. In a letter to the Governor of the State Bank of Pakistan (SBP), the association identified a discrepancy between the benchmark rate used by banks and the prevailing market price o
Representatives of Balochistan’s business community, transporters, importers, exporters, mine owners, traders, farmers and other stakeholders have demanded an immediate government intervention to address the growing attacks on cargo vehicles and disruptions to legal trade and transportation activities. The demand was made during a consultative meeting chaired by Quetta Chamber of Commerce and I
Prime Minister Shehbaz Sharif on Wednesday reaffirmed the government’s commitment to an export-led growth strategy, tax reforms and enhanced collaboration with the private sector, describing these measures as central to the country’s economic recovery and investor confidence. Addressing business and policy priorities for the upcoming fiscal year 2026-27, Sharif outlined initiatives aimed at exp
Oil prices rose on Wednesday, edging closer to USD100 a barrel while stocks fell as further attacks between the United States and Iran dented hopes of an imminent peace deal. During the day in Asia trading, oil prices jumped more than two percent on Wednesday as Middle East peace talks stuttered. “Oil prices continue to make headway after the overnight strikes on Kuwait, and once more it is
Selling pressure was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding over 500 points during the opening minutes of trading on Wednesday. At 9:40am, the benchmark index was hovering at 170,499.45, down by 522.32 points or 0.31%. Selling was observed in key sectors, including automobile assemblers, cement, commercial banks, fertilizer, oil and gas explo