Fertiliser manufacturers have linked the reduction in urea prices with the supply of gas from the Mari gas field. The unanimous decision of the Fertiliser Manufacturers of Pakistan Advisory Council (FMPAC) was conveyed by Fauji Fertiliser Company Managing Director and CEO Jhanagir Paracha to federal Minister for Industries and Production RanaTanveer Hussain during a meeting on Wednesday. Mr
Exceeding the Rs450 billion treasury bills auction target, the government raised Rs640 billion on Wednesday but reduced the cut-off yields for different tenors by up to 49 basis points. However, it received bids amounting to over Rs1.8 trillion, reflecting the investors’ willingness to park their maximum liquidity in risk-free government papers, mainly when the investment environment is not con
The country’s large-scale manufacturing (LSM) sector recorded a consistent growth for the fourth consecutive month with a 2.04 per cent increase in March compared to the same period last year, according to data released by the Pakistan Bureau of Statistics on Wednesday. The quantum index of LSM industries was 115.53 points in March this year, while it stood at 113.21 in the same month last year
Cotton picking has started in most coastal towns of Sindh and a few areas of Punjab as some ginners have announced making their factories operational in the first week of June. Though picking during the last season had begun a few days earlier than this season, the volume of cotton arrivals in the market was much more than this May. However, the downward trend of cotton prices in the local a
China is ready to work with Pakistan to develop an “upgraded version” of the China-Pakistan Economic Corridor (CPEC) project, Foreign Minister Wang Yi told his Pakistani counterpart on Wednesday. In talks with Ishaq Dar, Pakistan’s new deputy prime minister, Wang hailed the “ironclad” relationship between the neighbouring countries and pledged to advance CPEC, the South China Morning Post repo