February 6, 2025
A three-day Made in Pakistan Exhibition and Business Forum has begun at Jeddah in Saudi Arabia. The Trade Development Authority of Pakistan and the Ministry of Commerce have showcased a diverse range of Pakistani products to tap into the lucrative Saudi market. The exhibition is designed to connect Pakistani businesses with Saudi and International buyers and investors promoting the country’s products in Saudi market.
January 10, 2025
Cotton is a critical agricultural commodity for Pakistan, often referred to as the “king of crops” due to its significant economic and industrial impact. As one of the world’s leading cotton producers, Pakistan has long relied on its cotton industry for employment, income, and export revenue. However, the Pakistani cotton sector faces several challenges, including low productivity, climate-related issues, and inconsistent quality. To address these challenges and improve the international standing of Pakistan’s cotton, there is a need for modernization. Drawing lessons from Xinjiang, China’s major cotton-producing region, which has successfully integrated mechanization and digital technologies, could provide a roadmap
Listen to the article LAHORE: The textile export industry has requested the government to give them top priority by providing maximum facility, which could help meet the export requirements. The government also needed to enact long-term and sustainable policies in consultation with genuine stakeholders to boost exports and increase foreign exchange earnings for the country, he said. Currently, the high cost of doing business has proved dangerous for the garment export industry, as ever-increasing gas and electricity tariffs pose the real threat to the economy amid high interest rates and constant exchange rate fluctuations. These views were expressed in an
KARACHI: The Pakistan Stock Exchange (PSX) saw limited movement and closed flat on Thursday as weak economic numbers and a delay in the approval of an International Monetary Fund (IMF) loan program weighed on investor interest. The market saw significant volatility, ranging between an intraday high of 79,154.30 and a low of 78,578.02. Institutional investors resorted to profit booking in blue-chip stocks. Market players were awaiting the State Bank of Pakistan’s (SBP) policy rate announcement on September 12. They expect the central bank to cut interest rates further as inflation has eased. Already, the SBP has made a cumulative cut
KARACHI: Indonesian Consul General in Karachi, Teguh Wiweko, said that despite global challenges, bilateral trade between Indonesia and Pakistan reached an impressive $3.34 billion in 2023 and recorded a remarkable growth of 69.99% in the first quarter of 2024. Responding to the remarks of Hyderabad Chamber of Micro Traders and Small Industry, Muhammad Farooq Shaikhani, the envoy announced that the 39th Trade Expo Indonesia will be held from October 9 to 12, 2024 with the theme “Building a strong connection with the best of Indonesia.” Highlighting the long history of mutual cooperation and development between Indonesia and Pakistan, he emphasized
Islamabad: With more than 50% of textile and apparel companies at high risk of shutting down in the coming weeks, the All Pakistan Textiles Mills Association (APTMA) has called on the federal government to review energy rates to make textile exports competitive in the international market. The international competitiveness of Pakistan’s textile and apparel exports is constantly being eroded by persistently rising energy prices that are, on average, more than double those in competing countries. Moreover, electricity prices for industrial consumers are at 16.7 cents/kWh and natural gas price is increasing to Rs 2,950/MMBtu from Rs 2,200/MMBtu currently, a notable
BEIJING: Pakistan’s Ambassador to China Khalil Hashmi and the Vice Mayor of Pingdingshan City in China’s Henan Province agreed to further promote trade and investment cooperation between Pakistan and Henan. “I am pleased to meet Ding Shaoge, Vice Mayor of Pingdingshan, a dynamic city in Henan Province. Productive discussion to further promote trade and investment cooperation between Pakistan and Henan, including through exchanges between business delegations,” the ambassador posted on “X”. According to details, Ding Shaoge led a delegation to the Pakistani embassy in Beijing for an in-depth discussion on the further development of city-friendly relations between Pingdingshan and Multan.
Islamabad: The textile industry has submitted an ambitious plan to the government to meet the $50 billion export target as it comes up with a series of recommendations to remove barriers and provide incentives to expand access to international markets. The industry has proposed setting up 1,000 garment factories on a fast track to generate exportable surplus and diversify the export basket. Each factory will consist of 500 sewing machines with an investment of $5 million, produce garments for export worth $20 million annually and create 1,000 jobs. In a presentation given to the Export Advisory Council for Textiles, the
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October 26, 2026
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October 26, 2026
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