Economy

News Desk KARACHI: Pakistan has witnessed an extraordinary surge in its rice exports, with shipments hitting an unprecedented record high during the first two months of the current fiscal year, official data released on Friday revealed.…

News Desk ISLAMABAD: In a stark assessment of the prevailing national challenges, Federal Minister Mohsin Naqvi has cautioned that the country's worsening economic trajectory could soon lead to critical shortages, remarking that even…

News Desk ISLAMABAD: Federal Minister Ali Pervaiz Malik has sparked widespread economic anxiety by expressing serious apprehensions that the price of petroleum could surge to Rs 1,000 per liter. The alarming statement highlights the…

News Desk HYDERABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has launched a scathing critique of the federal government’s newly introduced austerity measures, denouncing the policy as an economic curfew that…

News Desk ISLAMABAD: Jamaat-i-Islami (JI) Emir Hafiz Naeemur Rehman asserted on Friday that the national exchequer could save between Rs3 trillion and Rs4 trillion if the government adopts the party’s comprehensive proposed fiscal reforms.…

News DeskIslamabad: With the government stepping up efforts to contain public expenditure and conserve fuel amid a challenging economic situation, Pakistan has introduced a fresh package of austerity measures covering government…

News Desk Islamabad: Iran has announced the discovery of a major new natural gas field in the southern province of Fars, with recoverable reserves estimated at more than 5.7 trillion cubic feet.Iranian Petroleum Minister Mohsen…

News DeskIslamabad: Diesel consumers could soon see a major reduction in fuel costs, with Petroleum Minister Ali Pervez Malik saying the price of diesel is expected to decline by more than Rs30 per litre after local refineries agreed to…

News Desk Islamabad: Pakistan has taken the first major step towards developing a long-term, integrated energy strategy after the Cabinet Committee on Energy (CCoE) approved the high-level design of the National Integrated Energy Plan…

News DeskKarachi:  Gold prices in Pakistan continued their sharp upward trend on Friday, with the precious metal gaining another Rs5,100 per tola as investors responded to a strong rally in international bullion markets.The latest…