The Pakistan–Indonesia Business Council (PIBC) of FPCCI hosted an important meeting with Mudzakir M A, the Consul General of the Republic of Indonesia, at the FPCCI, marking a significant step toward strengthening bilateral trade ties between the two countries. The focus of the discussions was on expanding bilateral trade and identifying new opportunities for collaboration in key sectors, inclu
Pakistan’s auto manufacturing industry — a sector that contributes 2 percent to the national GDP, sustains 2.5 million direct jobs, and supports nearly 5 million livelihoods across its vast vendor and dealership network — is warning that the continued policy of encouraging import of used cars may destabilise one of the country’s most important industrial pillars. In FY25 alone, the automotive s
Gold climbed a near two-week high on Wednesday, after new U.S. economic data bolstered expectations of an interest rate cut by the Federal Reserve in December and weighed on the dollar. Spot gold rose 0.8% to $4,161.10 per ounce, as of 0241 GMT, its highest since November 14. U.S. gold futures for December delivery fell 0.5% to $4,159.00 per ounce. “Expectations are now being shaped more tow
Atif Ikram Sheikh, President FPCCI, has said that the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has made a strong plea for the streamlining of business visa procedures with the Sultanate of Oman, stressing the issue a major requirement to achieve the true potential of Pak-Oman economic relations. He highlighted that the call comes as the FPCCI prepares to organise a major S
Oil prices recovered slightly on Wednesday, after dipping to one-month lows in the previous session amid signs that Ukraine is nearing a peace deal with Russia that would likely lead to the end of international sanctions on Russian supply. Brent crude futures rose 19 cents, or 0.3%, to $62.67 a barrel as of 0114 GMT, while U.S. West Texas Intermediate crude futures gained 14 cents, or 0.24%, to