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 State Bank of Pakistan (SBP) and UN Women Pakistan on Wednesday signed an MoU to promote women’s empowerment through increased financial inclusion, literacy, and access to finance. The collaboration aims to enhance gender equality by identifying barriers to women’s participation and expanding digital financial services in underserved areas. The two organisations will conduct joint semina
Maritime Affairs Minister Muhammad Junaid Anwar Chaudhry on Wednesday announced that plans are underway to utilise solar energy to power Balochistan’s Gwadar port in a bid to improve its efficiency, a press release issued by his ministry said. Gwadar Port, built more than a decade ago, still remains a non-starter, prompting the federal government to speed up efforts aimed at the maximum utilisa
The Pakistan Stock Exchange (PSX) took a dip on Monday, as investors opted to take profits amid growing concerns over the release of the third tranche of the International Monetary Fund (IMF) loan. The market saw a volatile session, with the benchmark KSE-100 index fluctuating sharply before closing down. Ahsan Mehanti of Arif Habib Corporation attributed the bearish market performance to inst
US President Donald Trump’s doubling of tariffs on goods from India to as much as 50 per cent took effect as scheduled on Wednesday, escalating tensions between the world’s two largest democracies and strategic partners. A punitive 25pc tariff imposed due to India’s purchases of Russian oil adds to Trump’s prior 25pc tariff on many products from India. It takes total duties to as high as 50pc f