Pakistan exported goods worth Rs. 8,454,431 million during the fiscal year 2025-26, Pakistan Bureau of Statistics (PBS) reported. The exports in rupee term witnessed declined by 5.51 percent compared to the same period of last year, when they stood at Rs.8,947,881million, according to provisional figures released by the bureau. Meanwhile, on year on year basis, […]
Business
CCP fines inspection firm Rs 5m for use of fraudulent trademark
The Competition Commission of Pakistan (CCP) has imposed Rs. 5 million penalty on M/s MCI-Bureau of Inspection & Certifications Pakistan, for fraudulently adopting a trademark and logo closely resembling that of Bureau Veritas, a France-based global leader in testing, inspection, and certification services, in violation of Section 10 of the Competition Act, 2010. Bureau Veritas […]
Pakistan secures costly LNG cargo amid prolonged Qatar supply disruption
Pakistan has purchased its seventh spot LNG cargo since Qatar Energy declared force majeure earlier this year, paying a record price of $21.88 per MMBtu as ongoing regional tensions continue to disrupt long-term gas supplies. Read More: Pakistan seeks more Qatar LNG cargoes Pakistan LNG Limited (PLL) received only one bid for its latest spot tender, […]
Oil prices eased as mediation efforts between the US and Iran offset conflict fears
Global oil prices edged lower on Tuesday as renewed diplomatic efforts to reduce tensions between the United States (US) and Iran helped calm markets, despite continued military exchanges and fresh threats to energy supplies in the Middle East. Read More: Rubio accuses Iran of using Strait of Hormuz as pressure tool Brent crude futures fell […]
PSX recovers after volatile trading session
Pakistan Stock Exchange (PSX) closed slightly higher on Monday as late-session buying helped the benchmark index recover from early losses. The KSE-100 Index gained 124.95 points, ending at 175,927.74 despite continued geopolitical concerns. The market faced heavy selling pressure at the opening due to rising tensions between the United States and Iran. The benchmark index […]
Pakistan, Canada strengthen trade and minerals links
Pakistan and Canada agreed to strengthen trade and investment cooperation during talks in Islamabad. Prime Minister Shehbaz Sharif and Canadian Foreign Minister Anita Anand discussed expanding ties in agriculture, energy, industry, and other key sectors. Anand met Prime Minister Shehbaz at the PM House, where both sides reviewed bilateral relations. Deputy Prime Minister Ishaq Dar, […]
EU fines AliExpress record €550 million
The European Commission imposed a record €550 million fine on Chinese e-commerce platform AliExpress for failing to prevent illegal products from being sold online. The penalty is the largest issued under the Digital Services Act. The decision strengthens the EU’s enforcement of online consumer protection rules. EU technology chief Henna Virkkunen said counterfeit goods, unsafe […]
Government approves reforms in petroleum pricing mechanism
The federal government has approved a new pricing mechanism for petroleum products, allowing OGRA to announce daily fuel prices without separate approval from the prime minister or federal cabinet. The move aims to introduce a more market-based pricing system in Pakistan. According to official documents, OGRA will issue daily ex-depot prices for petrol and high-speed […]
Pakistan, Canada strengthen ties through expanded bilateral cooperation
Pakistan and Canada agreed to deepen their bilateral partnership as Deputy Prime Minister and Foreign Minister Ishaq Dar welcomed Canadian Foreign Minister Anita Anand in Islamabad during her first official visit to Pakistan. Both sides decided to expand cooperation in key sectors and institutionalise the relationship through annual meetings to monitor progress on their agreed […]
Brent oil crosses $90 as US-Iran conflict disrupts Gulf shipments
Global oil markets faced renewed pressure on Monday as Brent crude prices crossed $90 per barrel amid escalating hostilities between the United States and Iran, raising concerns over disruptions to energy supplies through the strategically important Strait of Hormuz. Read More: Brent oil rises to highest since February after Saudi Arabia output cut Brent crude futures […]