KARACHI: No trading companies submitted price offers for Pakistan’s international tender to purchase 50,000 metric tons of sugar, which closed on Tuesday, according to initial assessments by European traders cited by Reuters.
Economy
Pakistan’s power generation surges in June amid policy shifts, seasonal demand
KARACHI: Pakistan’s power generation jumped 8% in June 2025 from the previous month, fueled by rising temperatures and government efforts to shift industries from captive power to the national grid, pointing to a possible pickup in economic activity.
Pakistan announces Rs3 billion aquaculture park to boost blue economy
KARACHI: Pakistan unveiled plans on Saturday for a new aquaculture park in Karachi’s Korangi Fish Harbour, a move aimed at expanding the nation’s maritime sector and harnessing its blue economy.
Businesses shutter in Karachi, Lahore to protest new tax rules
KARACHI: Businesses in Pakistan’s two largest cities, Karachi and Lahore, partially shuttered their doors on Saturday in a strike protesting new tax measures they say will cripple economic activity.
Aurangzeb touts investment as ‘game-changer’ for Pakistan-US economic ties
ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb has hailed investment as a potential “game-changer” for economic relations with the United States, signaling a strategic pivot beyond immediate trade concerns as the two nations push to finalise a critical tariff agreement.
Pakistan’s textile exports show modest growth in FY25, but structural issues persist
ISLAMABAD: Pakistan’s textile exports, the linchpin of the nation’s export economy, edged up by a modest 7.39% to $17.88 billion in fiscal year 2025, climbing from $16.65 billion the previous year, according to official figures released Friday by the Pakistan Bureau of Statistics.
Pakistan’s FDI surges 5 percent in FY25, boosted by Chinese investments
KARACHI: Pakistan’s foreign direct investment (FDI) rose by 5% in the fiscal year 2025, reaching $2.457 billion, largely driven by a significant influx of Chinese capital.
FM Aurangzeb in Washington to negotiate trade deal as August deadline looms
KARACHI: Finance Minister Muhammad Aurangzeb is in the United States to negotiate Washington’s demands as part of trade talks ahead of an August deadline, Bloomberg reported on Friday.
Five firms bid to launch Gwadar-Gulf ferry service
ISLAMABAD: Five private-sector operators have submitted proposals to launch a ferry service linking Pakistan’s southwestern Gwadar Port with key Gulf countries, the Ministry of Maritime Affairs said Friday, a step that could bolster regional trade and connectivity.
Pakistan’s IT exports surge to $338 million in June, FY25 sees 18 percent growth
KARACHI: Pakistan’s IT exports jumped 14% year-over-year to $338 million in June 2025, capping off a fiscal year that saw an 18% increase in exports to $3.8 billion, driven by expanded global client bases, regulatory relaxations, and currency stability.