Pakistani rice exports registered a remarkable growth of 19% during the first half of the current fiscal year, despite global trade turmoil and intense competition from regional players. From July to December 2024, the country exported 3.06 million tons of rice worth $1.87 billion, compared to 2.57 million tons worth $1.64 billion in the same … Read more
Pakistan Textiles Group’s exports rose by 9.67% during the first half (July-December) of fiscal year 2024-25, reaching $9.084 billion compared to $8.283 billion in the same period last year, according to Pakistan Bureau of Statistics (PBS) data. ). Textile exports in December 2024 saw an increase of 5.55% year-on-year, reaching $1.477 billion compared to $1.399 … Read more
Federal Minister for Industries and Production Rana Tanveer Hussain urged the business community to target exports worth $100 billion over five years, exceeding the government’s target of $60 billion. He stressed the importance of cooperation between the government and the business sector to achieve economic renaissance and sustainable growth. Addressing the Lahore Chamber of Commerce … Read more
Companies investing heavily in exploring for precious seabed minerals have urged the International Seabed Authority (ISA) to adopt long-awaited deep-sea mining regulations by 2025, highlighting concerns about the lack of a legal framework. Under UNCLOS, the Homeland Security Agency, based in Jamaica, is charged with protecting the seabed in areas beyond national jurisdiction and supervising … Read more
Cherat Packaging Limited announced that its Board of Directors has approved the acquisition of a second extrusion plant, including an insulating film extrusion line and associated equipment, at an estimated cost of Rs 1.4 billion. “We are pleased to learn that the Board of Directors of the company has approved the acquisition of a second … Read more
The government obtained Rs584.5 billion through the auction of treasury bills (T-bills), Pakistan Investment Bonds (PIBs), and Government Islamic Sukuk (GIS). This included Rs434 billion from treasury bills, Rs11.9 billion from general treasury bonds, and Rs138 billion from GIS auction across all periods. The GIS auction, conducted by the Pakistan Stock Exchange (PSX), attracted strong … Read more
The global box office closed out 2024 with a bang, reaching $30 billion for the year, boosted by $3 billion in December alone, according to U.K.-based film industry research firm Gower Street Analytics. December proved to be a busy month, with the international (excluding China) and North American markets bringing in a combined $2.67 billion. … Read more
Prime Minister Shehbaz Sharif announced on Tuesday that the United Arab Emirates has agreed to extend a $2 billion loan that was due in January. In his opening remarks at the Federal Cabinet meeting which he chaired, the Prime Minister informed members of his “positive and constructive” meeting with UAE President Sheikh Mohammed bin Zayed … Read more
China’s media industry is undergoing major changes, with a focus on artificial intelligence and digital transformation. By June 2024, the country had nearly 1.1 billion Internet users, representing a penetration rate of 78%, according to the 54th China Statistical Report on Internet Development. A report by the All China Journalists Association (ACJA) indicates that China … Read more
Microsoft plans to invest nearly $80 billion in fiscal year 2025 to expand its data centers to train artificial intelligence (AI) models and deploy AI and cloud-based applications, the company announced in a blog post on Friday. The increase in AI investments follows OpenAI’s launch of ChatGPT in 2022, which spurred demand for integrating AI … Read more