3 h. ago OPEC’s Strategic Oil Surge Threatens U.S. Shale Growth as Prices Tumble

NEW YORK/AUSTIN: A global shift in oil market dynamics is raising alarm across the U.S. shale sector, as the Organization of the Petroleum Exporting Countries (OPEC) increases supply in what industry leaders are calling a calculated price war. Crude oil prices have dropped by nearly 13% since April, falling to around $62 per barrel—well below […]

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47 h. ago Exporters urge policy support to capitalise on US tariff cut

Pakistan’s exporters are set to gain a competitive edge in the US market after the government successfully negotiated to get reciprocal tariff reduced from 29% to 19%, the lowest in the region providing Pakistan an opportunity to boost exports to the United States. The breakthrough was discussed in a meeting on ‘US Reciprocal Tariffs’ chaired […]

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5 d. ago Pakistan, Romania to partner on AI, cybersecurity, and exports

Pakistan and Romania are moving toward stronger collaboration in science, technology, and innovation. On Saturday, Federal Minister for Science and Technology Khalid Hussain Magsi met Romanian Ambassador Dan Stoenescu in Islamabad. They discussed launching joint ventures in software development, particularly targeting the European Union and Gulf markets. During the meeting, Stoenescu proposed signing a Memorandum […]

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7 d. ago PM lauds $2.7b exports in first fiscal month as highly encouraging

Premier notes a 17pc YoY increase in exports from July 2024-25, calling it a positive indicator of economic progress Commends economic team’s performance, reiterating commitment to enhancing exports, encouraging investment, and fostering a business-friendly environment ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif has expressed satisfaction over Pakistan’s exports reaching $2.7 billion in the first month of […]

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7 d. ago Pakistan secures South Asia’s lowest US tariff rate: Minister

Islamabad: Pakistan has secured the lowest tariff rate in South Asia after signing a trade deal with the United States. Minister of State for Finance Bilal Azhar Kayani shared the news during a National Assembly session on Thursday. He said Pakistan will now face only a 19% tariff on its exports to the US. This […]

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7 d. ago Interloop embarks on digital transformation journey with SAP Ariba

Interloop Limited, one of the world’s largest vertically integrated textile manufacturers and a leading garment exporter from Pakistan, continues to play a critical role in driving the country’s export growth. With an annual revenue exceeding USD 500 million, the company contributes significantly to Pakistan’s overall export earnings, reflecting the strength and potential of the textile […]

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8 d. ago “Pakistan mart” in Dubai set to boost export access globally

  A high-level delegation from the National Logistics Corporation (NLC) and DP World recently met with the Islamabad Chamber of Commerce and Industry (ICCI) to discuss the new “Pakistan Mart” initiative in Dubai. This project aims to give Pakistani exporters direct access to key global markets in the Middle East, Africa, and South America. Brigadier […]

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9 d. ago Pakistan earns $878m by exporting transport services in 11 months

Pakistan earned US $878.295 million by providing different transport services in various countries during the first eleven months of the fiscal year (2024-25) as compared to the corresponding period of last year. This shows an increase of 25.06 percent as compared to $702.303 million earned through the provision of services during the corresponding months of […]

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1 week ago Pakistan’s trade surplus with US hits $1.44 billion in four years

Pakistan’s overall trade surplus with the United States has reached \$1.44 billion over the past four years, making the US Pakistan’s largest export market. This growing surplus highlights Pakistan’s strong export performance compared to imports from the US. Government sources reveal that Pakistani exports to the US totaled \$2.32 billion in the last four financial […]

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3 w. ago Pakistan’s food exports decline as rice and fruits shipments drop

ISLAMABAD – Pakistan’s food exports declined by nearly 4% in FY25, falling to $7.116 billion from $7.369 billion the previous year, ending a 20-month streak of growth. According to data from the Pakistan Bureau of Statistics, this dip was mainly driven by a sharp drop in rice shipments, which have historically formed a major part […]

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3 w. ago Karachi set to drive Pakistan’s Rs3bn aquaculture revolution

The federal government has unveiled a major initiative to develop a Rs3 billion aquaculture park at Korangi Fish Harbour in Karachi, aiming to bolster Pakistan’s blue economy and seafood exports. Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry announced the project during a high-level meeting with officials from maritime and fisheries departments. The 120-acre […]

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3 w. ago Pakistan’s textile exports rise 7.2% to $17.88 billion in FY25

  Pakistan’s textile exports grew by 7.22% in the fiscal year 2024-25, reaching $17.88 billion, up from $16.68 billion last year. This positive growth comes despite challenges like rising inflation, high energy tariffs, political instability, and weak global demand. The increase was largely driven by value-added products such as knitwear (up 14.46%), readymade garments (16.35%), […]

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4 w. ago Pakistan Software Export Board audit uncovers illegal transfers, hiring, and more

ISLAMABAD – A recent audit exposed financial mismanagement and illegal practices inside Pakistan Software Export Board (PSEB), the department responsible

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4 w. ago Pakistan exports 1.4m tonnes furnace oil amid falling local demand

ISLAMABAD – Pakistan exported over 1.4 million tonnes of furnace oil during the fiscal year ending June 30, 2025, as local demand for the fuel continued to decline sharply. The exports included 1.3 million tonnes of high sulphur furnace oil (HSFO) and nearly 138,000 tonnes of low sulphur furnace oil (LSFO), according to official data. […]

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last month Pakistan’s exports to North America jump 10%, led by US market

ISLAMABAD – Pakistan’s exports to North America increased by 10.19% during the first 11 months of FY2025, reaching $5.91 billion, according to data from the State Bank of Pakistan. The United States remained the leading destination, driving most of the growth in textile and clothing shipments. Nearly 94% of exports to North America went to […]

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