ISLAMABAD: The state-owned Trading Corporation of Pakistan (TCP) received a lowest offer of $545 per metric ton, cost and freight included (c&f), in an international tender to purchase 100,000 metric tons of white sugar that closed on Monday, European traders said in initial assessments.
Commodities
Islamabad: Prime Minister Muhammad Shehbaz Sharif witnesses singing of an MoU between Frontier Works Organization and United States Strategic Metals (8th September, 2025).
Pakistan, US sign critical minerals deal to boost investment
ISLAMABAD: Pakistan and the United States signed a memorandum of understanding (MoU) to advance cooperation in critical minerals, the US Embassy in Islamabad said on Monday, a move aimed at attracting investment and strengthening bilateral ties.
Floods to cost economy $1.4 bln, hit growth and inflation – report
KARACHI: Pakistan’s 2025 monsoon floods are expected to cause economic losses of about $1.4 billion, or 0.33% of gross domestic product, with agriculture suffering the most damage and threatening to slow growth while pushing up inflation, analysts said.
FM Aurangzeb orders urgent review of food stocks as floods stoke inflation fears
ISLAMABAD: Finance Minister Muhammad Aurangzeb ordered an urgent assessment of the nation’s stocks of wheat, rice, and sugar on Friday, as catastrophic floods in the nation’s agricultural heartland threaten to deepen a food crisis and fuel inflation in the world’s eighth-largest wheat producer.
Punjab floods wipe out 30 percent of Pakistan’s wheat stocks, threaten food security – business leader
ISLAMABAD: Catastrophic floods in Pakistan’s eastern Punjab province have wiped out 30 percent of the country’s wheat stocks, a senior business leader said on Thursday, raising fears of food shortages and soaring prices in the world’s eighth-largest wheat producer.
Sugar crisis fuels windfall profits for mills linked to Sharif, Zardari, Tareen families
ISLAMABAD: Pakistan’s political dynasties, including the Sharifs, Zardaris, and Jahangir Tareen, have reaped an estimated Rs300 billion in sugar mill profits since exports were permitted in 2024, official records show, wielding policy influence to shield the industry as half the mill owners hold government or parliamentary posts.
Pakistan, China pledge to fast-track CPEC 2.0 projects, sign raft of MoUs in Beijing
ISLAMABAD: Prime Minister Shehbaz Sharif and Chinese Premier Li Qiang reaffirmed their commitment on Thursday to advancing the second phase of the China-Pakistan Economic Corridor, a multibillion-dollar infrastructure initiative central to their strategic partnership, during a meeting Sharif described as “warm and most productive.”
Pakistan cotton arrivals up 9 percent by Aug. 31, but floods threaten gains
KARACHI: As Pakistan grapples with devastating floods that have submerged vast farmlands, early signs of a stronger cotton harvest are offering little solace to farmers and mill owners, who warn that surging import costs and lost exports could deepen the nation’s economic woes.
Trade deficit jumps 30 percent in August as imports surge, exports falter
ISLAMABAD: Pakistan’s trade deficit widened sharply in August, surging 30.4% to $2.87 billion from a year earlier, driven by a spike in imports and a steep drop in exports, according to data released on Tuesday by the Pakistan Bureau of Statistics.
Inflation falls to 3 percent in August, beating forecasts
KARACHI: Consumer price inflation slowed to 3% in August 2025, dipping below government and analyst expectations and marking a significant retreat from the record highs seen two years ago, according to data released by the Pakistan Bureau of Statistics on Monday.