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ISLAMABAD: Malaysian Prime Minister Anwar Ibrahim announced on Thursday that Malaysia will import halal meat and rice from Pakistan. He made this announcement during a joint media conference with Prime Minister Shehbaz Sharif. Their bilateral meeting focused on enhancing cooperation in several key areas, including trade, investment, agriculture, tourism, education, and defense. “As a result …
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Israel’s recent threat to target Iran’s oil production infrastructure has sparked major concerns about the international crude oil supply. This threat includes attacks on gas and oil rigs, refineries, and storage facilities. As a result, market anxiety has surged, leading to a significant spike in global crude prices during the U.S. trading session. On Tuesday, …
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Oil watchers now see a genuine threat to crude supplies after Iran launched a ballistic missile attack on Israel. This escalation intensifies the ongoing conflict in the Middle East. On Tuesday, Iran retaliated against Israel for its recent killing of Hezbollah leader Hassan Nasrallah and an Iranian commander in Lebanon. Analysts believe that Iran’s oil …
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KARACHI: The Annual General Meeting of the All Pakistan Fruit & Vegetable Exporters Importers and Merchants Association took place on September 28, 2024. The venue was a private hotel in Karachi. Waheed Ahmed, the Patron-in-Chief of the PFVA, presided over the meeting. During the meeting, the association announced the newly elected office bearers and members …
KARACHI: The Pakistan Banks’ Association (PBA) has praised the Government of Pakistan and the Ministry of Finance. They secured a US $7 billion loan from the International Monetary Fund (IMF). This 37-month agreement followed successful negotiations. The PBA also highlighted the strong commitment of Prime Minister Shehbaz Sharif and Finance Minister Senator Muhammad Aurangzeb to …
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KARACHI: Prominent businessman Junaid Naqi has been elected unopposed as the President of the Korangi Association of Trade and Industry (KATI). Along with him, Ejaz Ahmed Sheikh was elected as Senior Vice President, and Syed Tariq Hussain became Vice President. This marks the start of a new leadership era for KATI. Deputy Patron-in-Chief Zubair Chhaya …
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Gold prices in Pakistan maintained a downward trend, following the decrease in international rates. On Tuesday, the price of gold per tola fell by Rs600, bringing it to Rs274,900. This decline was in line with global market trends. Similarly, the price for 10-gram gold dropped by Rs515, settling at Rs235,682. These rates were shared by …
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The federal government, along with three provincial governments, has conditionally agreed on a new National Fiscal Pact (NFP). This pact fulfills a crucial requirement set by the International Monetary Fund (IMF). The agreement came after the Centre significantly modified the terms to address concerns raised by the provinces. However, as of Monday night, the finance …
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The Directorate of Intelligence and Investigation (I&I) – Customs, Karachi, has uncovered a significant tax evasion case worth Rs.642.83 million. The team detected this evasion during the scrutiny of a single Goods Declaration (GD) in September 2024. Led by Director Mian Masood Ahmed, Additional Director Afzaal Ahmad Wattoo, and Deputy Director Saif Ullah, the investigation …
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ISLAMABAD: The federal government has reduced the price of petrol by Rs 2.07 per litre. This price cut will be effective for the next fortnight. The announcement came late Monday, offering some relief to consumers amid rising inflation. The new petrol price has been adjusted to Rs 331.38 per litre, down from Rs 333.45 per …
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