Monday, October 26, 2026 · Petrol Rs 377.71 · USD/PKR 277.05 · Gold Rs 424536/tola
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Articles for tag: business, buyers, carpets, European, India, Latest, Open, Pakistani, tariffs

January 15, 2026

News Desk

European buyers open to Pakistani carpets after US tariffs on India

The Pakistani booth at Heimtextil in Frankfurt remained busy throughout the day as European buyers showed keen interest in hand-woven Pakistani carpets, with their attractive designs, rich colors and traditional craftsmanship. Sellers were seen actively rolling out rugs on the showroom floor, closing deals in minutes and exchanging contact information with buyers for future work. Pakistani exporters, after the United States, have now turned their attention to the European market, using the world’s largest home textile exhibition as a gateway to reach new buyers. Handwoven traditional carpets from Pakistan emerged as a key attraction at Heimtextil, where participating exporters reported

October 1, 2025

News Desk

Gold bumps historically high as prices go up beyond the range of ordinary buyers

Karachi: Gold prices rose to record levels in international and local markets, touching the historic peak. In the international market market, the price of precious metal per ounce increased abruptly by $ 35 to $ 3,890 on Wednesday. At the local level, the price of gold per Tola increased by RS3,500, bringing it to a record of RS410.278. Meanwhile, the value per 10 grams of gold increased by RS3,001 by touching RS351,747, also noting a new high. In recent months, gold prices in Pakistan have increased sharply, making precious metal increasingly accessible to many people. Traditionally, gold plays a central

September 10, 2025

News Desk

Trump is ready to match EU invoices in China, India to push Putin

The United States is ready to expand invoices targeting Russian oil buyers – if the EU is taking similar moves – to hit the needs of Moscow revenue for the War in Ukraine. Call to talks between United States and European Union officials, President Donald Trump increased the ability of invoices between 50 % and 100 % for oil buyers such as China and India, said the official, who had not been authorized to discuss these details. The talks come as an EU’s envoy David O’Sullivan, who has pioneers in the world’s world -wide promotion to prevent Moscow’s tax evasion,

Trump announces new weapons for Ukraine, threatens sanctions on Russian oil buyers

A US Army Mim-104 Patriot, a SAME System Launcher (SAM) is depicted at Rzeszow-Jasionka Airport, Poland, March 16th 2022.-Reuters Trump threatens secondary sanctions in Russia in 50 days. It says up to 17 patriot batteries could be “very soon”. Russian markets are increasing, indicating relief from the delay. US President Donald Trump has announced new weapons for Ukraine on Monday and threatened to hit Russian export buyers with sanctions unless Russia agrees on a peaceful deal in 50 days, a significant shift in the policy caused by Moscow. Sitting side by side with NATO Secretary-General Mark Rutte at the Oval

June 26, 2025

News Desk

US remain top buyers of Pakistani exports

Islamabad: The United States remained the top export destination for Pakistani products during the first eleven months of the current financial year 2024-25, followed by China and the United Kingdom, according to data published by the Pakistani State Bank (SBP). Total exports to the US during July-May 2024-25 were recorded at $ 5,552.615 million, compared to $ 4,999.608 million during the same period in 2023-24, up 11.06%. China took second place, with Pakistani exports of $ 2,270,032 million, from $ 2,556.126 million last year, showing $ 11.19%. The United Kingdom was the third largest export market, with exports reaching $

June 19, 2025

News Desk

Buyers offered great for Royal Ascot Runners in Goffs Sale

LONDON: In the gardens of a royal palace, Swiss billionaires, Qatari Royals and the curious former footballer gathered on Monday night for a one -off, to chase a match match ready to run at the Royal Ascot the next day. Over £ 7.5 million ($ 10.2 million) changed their hands, as candidates assume to secure one of the 28 pure horses, 18 of which are going to compete this week to win a part of the Royal Ascot’s £ 10m award. The sale of Goffs London, now in the 11th year, is an exclusive auction based on Kensington Palace, where

April 28, 2025

News Desk

Temu gains popularity between electronic buyers in Pakistan

Listen to the article Temu, a global e -commerce platform known for offering affordable gadgets, homesicess and lifestyle products, quickly gains popularity among Pakistani consumers. With an increasing appetite for international shopping experiences, Temu’s smooth platform emerges as a Go-To option for online buyers across the country. According to the Market Information Company’s sensor tower, Temu is now one of the most lowered market applications in Pakistan. The huge list of platform products, consistent discounts and user -friendly experience have contributed to increasing demand. Temu operates in more than 90 markets worldwide, connecting millions of consumers directly with manufacturers and

September 8, 2024

News Desk

PIA buyers seek investment protection

Islamabad: Local prospective buyers of Pakistan International Airlines (PIA) have sought protections currently available to foreign investors under an Act of Parliament and have also sought full exemption from taxes applicable on air travel, fuel and aircraft leasing. Privatization Commission sources told The Express Tribune that some of the shortlisted parties had placed their demands before the government during the ongoing PIA due diligence process. They said the demands along with their refusal to accept performance benchmarks made it more difficult for the privatization transaction to proceed smoothly. The bidders’ demands contradict the agreement reached with the International Monetary Fund

August 23, 2024

News Desk

India tops China as Russia’s largest oil buyer in July

NEW DELHI: India overtook China as the world’s biggest importer of Russian oil in July as Chinese refiners bought less due to lower margins on fuel production, a comparison of import data showed. Russian crude accounted for a record 44% of India’s total imports last month, rising to 2.07 million barrels per day (bpd), 4.2% higher than in June and 12% more than a year ago. a year, data on Indian shipments from trade and industry sources showed. That topped China’s July oil imports from Russia by 1.76 million bpd via pipelines and shipments, based on Chinese customs data. Indian

June 2, 2024

News Desk

Motion under study to increase the tax rate for real estate sellers, buyers

A representational picture of a residential society in Pakistan. — AFP/File FBR to review tax slabs on capital gains on real estate securities. The body is considering imposing a 3% tax on property transactions up to Rs 50 million. The government can increase the property valuation tables for different cities. ISLAMABAD: The government is mulling several proposals to bring the real estate sector into the tax net, including increasing tax rates for sellers and buyers for both filers and non-filers, and collection of profit tax regardless of period. In the name of progressive taxation under IMF demands, the Federal Bureau

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