KARACHI, November 6, 2024: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has called on the government to announce a comprehensive, multi-sectoral winter package for trade and industry to address the growing challenges facing industrial production in Pakistan. He emphasized that the country’s export-oriented industries require urgent facilitation,…
Tanzania, October 30, 2024: In a significant boost for Pakistan’s export sector, the first consignment of Pakistani-made tractors has successfully arrived in Tanzania, marking a major milestone in the nation’s trade relations with East Africa. This achievement is the result of concerted efforts led by Federal Minister for Commerce Jam Kamal Khan, alongside key officials…
KARACHI, October 26, 2024: Pakistan’s garment and textile exporters should diversify export destinations by entering emerging and high-end markets, including Russia, Central Asia, and Middle Eastern countries. This was stated by CEM Altan, President of the International Apparel Federation (IAF), at a media briefing held on Friday at a local hotel. Instead of exporting low-cost…
KARACHI, October 18 2024: In the fiscal year 2024, I witnessed improvements across key macroeconomic indicators after two challenging years, according to the Governor’s Annual Report (GAR) for FY24 released by the State Bank of Pakistan (SBP) today. GAR is published under Section 39 (1) of the SBP Act, 1956 (as amended up to January…
KARACHI, October 17 2024: The State Bank of Pakistan (SBP) released the Annual Report on the State of Pakistan’s Economy for the fiscal year 2023-24 today. According to the Report, Pakistan’s macroeconomic conditions improved, supported by stabilization policies, successful engagement with the IMF, reduced uncertainty, and a favourable global economic environment. The increase in domestic…