The Public Accounts Committee (PAC) on Wednesday reviewed audit objections involving the Cabinet Division’s management of the Toshakhana, the state gift repository, highlighting improper amendments to its rules and the disappearance of records dating back before 1997. The committee, chaired by Syed Naveed Qamar, was told by audit officials that the original Toshakhana rules from 1973 had been a
The Pakistan Textile Council (PTC) has warned that the exclusion of key raw materials from the Export Facilitation Scheme (EFS) risks undermining the competitiveness of Pakistan’s textile exports. In a letter to Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial, the PTC expressed strong reservations over recent amendments to the scheme, notified via SRO 1435 of 2025. The council s
A Singapore-based hybrid seed company has shown keen interest in introducing climate-resilient hybrid corn seeds in Pakistan, finding the country having the potential to get high yields. “Our latest hybrid corn seed technology has shown the potential to increase yields by up to 32 per cent, offering farmers higher productivity and improved profitability,” said Commercial Director for South
Pakistan’s gold and jewellery export sector is facing a severe crisis following the abrupt suspension of SRO 760 on May 6, which halted imports of raw gold and stalled export consignments. According to Pakistan Bureau of Statistics (PBS) data, no gold was imported in June or July. Only nine kilograms of gold worth $927,000 were imported in May — primarily shipments made before the SRO’s suspens
The Pakistan Stock Exchange (PSX) extended its losses for the third consecutive session on Wednesday, as investors remained cautious amid fresh flood warnings and economic concerns, coupled with rollover pressure ahead of the expiry of futures contracts. The benchmark KSE-100 index shed 941 points, closing below the 147,500 level. An early rebound was short-lived as selling pressure dominated t