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Category: Business

Pakistan Launches Project to Transform Banana Waste into Textiles

KARACHI: In a move aimed at promoting bio-economy and circular growth, Pakistan has initiated an innovative project to convert banana waste into eco-friendly textile fiber. The project, developed in collaboration with the Small and Medium Enterprises …

Currency Exchange Rates Fluctuate in Pakistan Amid Market Trends

Karachi: Exchange rates for major currencies in Pakistan varied on Thursday, reflecting ongoing market trends and economic conditions. The buying and selling rates for the U.S. dollar, euro, British pound, Japanese yen, UAE dirham, and Saudi riyal wer…

Urea Sales Decline 28% in February 2026 Amid Rising Inventories

Karachi: Urea sales in February 2026 experienced a significant year-over-year decline of 28%, with total off-take projected at 250,000 tons, according to provisional figures released on Tuesday. In contrast, demand for Di-Ammonium Phosphate (DAP) saw …

UBG Chief Calls on Pakistani Investors to Reinvest in Homeland

KARACHI: Mr. SM Tanveer, the Patron-in-Chief of the United Business Group (UBG) and a key figure in the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has urged Pakistani investors to withdraw their investments from the UAE’s real e…

FPCCI Warns of Economic Risks Amid Strait of Hormuz Tensions

KARACHI: Saquib Fayyaz Magoon, a senior figure in the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has sounded an alarm over escalating tensions in the Gulf that could threaten Pakistan’s economy. He has urged the government to d…