Islamabad: FTSE Russell has reclassified Pakistan from a Secondary Emerging Market to a Frontier Market, effective September 2024, due to its failure to meet the minimum securities count requirement. This adjustment follows the country’s placement on …
Karachi: The Pakistani fertilizer sector witnessed a mixed performance in the second quarter of 2024, with a notable decrease in urea sales but an increase in DAP offtakes. Engro Fertilizers Ltd and Fauji Fertilizer Company reported significant decline…
Karachi: Pakistan’s rice exports have surged to a historic high of $3.88 billion in the fiscal year 2023-24, as per Rafique Suleman, former chairman of the Rice Exporters Association of Pakistan (REAP). This achievement marks a significant rise from th…
Karachi: The President of the Korangi Association of Trade and Industry (KATI), Johar Kandhari, has called for immediate government intervention to relieve industries burdened by what he describes as unnecessary taxes. As per Kandhari, these fiscal pre…
Karachi: Zubair Tufail, President of the United Business Group (UBG) and former president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has voiced strong concerns over the new federal budget for fiscal year 2024-2025, describ…
Karachi: The Korangi Association of Trade and Industry (Kati) President Johar Kandahari has congratulated the Muttahida Qaumi Movement (MQM) for securing the chairmanship of four crucial standing committees in the National Assembly. These committees pl…