News

Portal closure, import policy blamed for sugar price hike

A special meeting of the Sugar Advisory Board was held under the co-chairmanship of Deputy Prime Minister Ishaq Dar and Federal Minister for National Food Security Rana Tanveer Hussain to review the sugar market situation, imported sugar stocks, and the closure of the S-Track portal. The deputy prime minister attended via Zoom, while the federal minister joined from the Lahore office of the Pakist

China\'s Five-Year Plan a model for Pakistan

China and Pakistan are committed to enhancing economic growth and improving the well-being of their citizens as Beijing's success in implementing Five-Year Plans offers a model for governance that can be valuable for Islamabad, which is working on its own Uraan five-year plan. These remarks were made by China's Ambassador to Pakistan Jiang Zaidong following conclusion of the fourth plenary sess

Pakistan, Sri Lanka chart new course for blue economy growth

Pakistan and Sri Lanka have agreed to explore joint cooperation in marine tourism, recognising the vast potential of their coastlines and rich marine biodiversity to strengthen sustainable economic growth and regional connectivity. Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry proposed enhanced collaboration in marine tourism during a meeting with Sri Lankan Minister for

Government launches push to expand meat exports, looks to partner with Malaysia

Pakistan has launched fresh efforts to expand its meat exports, with Malaysia emerging as a key partner in developing the country's livestock sector, improving disease control, and enhancing Halal certification standards. A high-level meeting on Pakistan-Malaysia cooperation in the meat sector was held at the Ministry of Commerce on Tuesday, chaired by Federal Minister for Commerce Jam Kamal Kh

Pakistan still heavily relies on cash

Despite the government's ambitious plans to transform Pakistan into a digital economy, the reality on the ground shows that cash still dominates financial transactions. With more than Rs9.5 trillion in cash circulating in the economy, Pakistan's dependence on physical currency highlights how far the country has to go before becoming truly cashless. Pakistan Industrial and Traders Association Fr