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                        <title>Latest Business News and Business News Headlines | Business</title>
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                        <description>The Express Tribune keeps you up to date with all the latest happenings from Pakistan and across the world!</description>
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			<title>PSX witnesses major sell-off as KSE-100 drops 2,400 points</title>
			<link>https://tribune.com.pk/story/2604341/psx-plunges-over-2750-points-as-profit-taking-erupts</link>
			<comments>https://tribune.com.pk/story/2604341/psx-plunges-over-2750-points-as-profit-taking-erupts#comments</comments>
			<pubDate>Thu, 23 Apr 26 08:44:10 +0500</pubDate>
			<dc:creator>
				<![CDATA[Our Correspondent]]>
			</dc:creator>
			<category><![CDATA[Business]]></category>
			<guid isPermaLink="false">https://tribune.com.pk/?p=2604341</guid>
			<description>
				<![CDATA[KSE-100 hits intra-day low of 168,828 after aggressive selling wipes out early gains]]>
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				<![CDATA[The Pakistan Stock Exchange (PSX) witnessed a major sell-off during Thursday&#39;s session, with the benchmark KSE-100 index plunging by over 2,400 points to close at above 169,170 points.

The KSE100 closed at 169,173 points, registering a decline of 2,405 points (-1.40% DoD), as selling pressure dominated throughout the session. Early stability proved short-lived, with the market drifting lower as sentiment weakened amid persistent external uncertainties.

Activity remained moderate, with KSE-100 volumes recorded at 310 million shares, where YOUW led with 58m&nbsp;shares traded, followed by CNERGY (48m) and KEL (36m).&nbsp;The downturn was largely driven by renewed concerns over rising global oil prices and escalating geopolitical tensions between Iran and the United States.

Read More: Governance gap costs billions

With Brent crude hovering in the $102&ndash;104 per barrel range and no clarity on potential negotiations or diplomatic engagement, investor confidence remained fragile, prompting a risk-off stance across the board, according to Ahmed Sheraz, KASB KTrade.

Heavyweight sectors bore the brunt of the decline, particularly commercial banks and oil &amp; gas stocks. Key index laggards included FFC, UBL, MEBL, PPL, BAFL, MARI, ENGROH, and EFERT, all contributing significantly to the negative close as broad-based selling persisted in blue-chip names.

Looking ahead, near-term direction remains tied to external developments, especially movements in oil prices and any progress on geopolitical fronts. With Friday&rsquo;s session approaching, typical end-of-week caution may keep sentiment subdued, while investors are likely to stay on the sidelines awaiting clearer signals over the weekend.]]>
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			<title>Pakistan LNG seeks three spot cargoes in first tender since December 2023</title>
			<link>https://tribune.com.pk/story/2604388/pakistan-lng-seeks-three-spot-cargoes-in-first-tender-since-december-2023</link>
			<comments>https://tribune.com.pk/story/2604388/pakistan-lng-seeks-three-spot-cargoes-in-first-tender-since-december-2023#comments</comments>
			<pubDate>Thu, 23 Apr 26 13:52:01 +0500</pubDate>
			<dc:creator>
				<![CDATA[Reuters]]>
			</dc:creator>
			<category><![CDATA[Pakistan]]></category>
			<guid isPermaLink="false">https://tribune.com.pk/?p=2604388</guid>
			<description>
				<![CDATA[Energy minister says Pakistan is ⁠not sure when it will get more cargoes from Qatar]]>
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				<![CDATA[Pakistan LNG Limited has issued its first spot tender for liquefied natural gas (LNG) since December 2023 amid supply ​shortfalls triggered by the US-Israeli&nbsp;war with Iran.

The company is seeking bids from international suppliers &zwnj;for three LNG cargoes of around 140,000 cubic metres each for delivery on April 27-30, and on May 1-7 and 8-14 at Port Qasim in Karachi, according to an advertisement on Thursday for the tender that closes on April 24.

Energy Minister Awais Leghari told Reuters the LNG tender was aimed at meeting ​rising power demand and to cut reliance on costlier diesel and furnace oil.

Pakistan is ⁠not sure when it will get more cargoes from Qatar, Leghari said.

The tender also follows power shortages ​that triggered widespread&nbsp;outages&nbsp;last week, as a drop in hydropower and disruptions to LNG supplies exposed gaps ​in fuel availability amid rising demand.

Pakistan has not received any LNG cargoes loaded after the Middle East war began on February 28 and Iran shut off almost all shipping through the Strait of Hormuz, which connects the Gulf to the ​Indian Ocean.

Qatar depends on access through the strait to move its energy output. It supplied the bulk ​of the 6.64 million metric tonnes of LNG Pakistan imported last year, according to Kpler data.

Azerbaijan&#39;s state energy company &zwnj;SOCAR said ⁠on Tuesday it is&nbsp;ready to supply&nbsp;LNG to Pakistan as soon as it receives a request from Islamabad. A framework agreement signed in 2025 between SOCAR Trading and Pakistan LNG allows the South Asian buyer to buy cargoes under an accelerated procedure.

Islamabad cancelled 21 LNG cargoes for 2026&ndash;27 under a long-term deal ​with Eni, expecting slower ​demand growth and increased ⁠power supply from solar energy. The LNG supply disruptions tested that shift, even as a greater reliance on domestic and renewable power cushioned the impact.

Pakistan remains ​exposed to supply shocks, however, and LNG is still needed to meet peak ​summer demand ⁠and limit outages.

Iran&#39;s blockade of the Strait of Hormuz, which typically handled 20% of daily global LNG flows before the war, pushed Asian spot prices to three-year highs, though they have pulled back some recently. They were ⁠last ​at $16.05 per million British thermal units, a 54% increase since February ​23.

Analysts have&nbsp;slashed&nbsp;global LNG supply outlooks and expect high prices and the supply shortage to cause demand destruction across Asia.]]>
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			<title>ADB increases Pakistan engagement to $3.67b in 2025</title>
			<link>https://tribune.com.pk/story/2604361/adb-increases-pakistan-engagement-to-367b-in-2025</link>
			<comments>https://tribune.com.pk/story/2604361/adb-increases-pakistan-engagement-to-367b-in-2025#comments</comments>
			<pubDate>Thu, 23 Apr 26 11:00:15 +0500</pubDate>
			<dc:creator>
				<![CDATA[Web Desk]]>
			</dc:creator>
			<category><![CDATA[Pakistan]]></category>
			<guid isPermaLink="false">https://tribune.com.pk/?p=2604361</guid>
			<description>
				<![CDATA[Expands focus beyond infrastructure financing to fiscal reforms, women’s economic inclusion, critical minerals]]>
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				<![CDATA[&nbsp;

The Asian Development Bank (ADB) increased its financial commitments to Pakistan in 2025, approving $3.672 billion, which is 22 per cent higher than the $2.995 billion recorded in the previous year. The expansion reflects the bank&rsquo;s growing engagement in new sectors, including Pakistan&rsquo;s mineral resources industry.

According to ADB&rsquo;s Annual Report 2025, the institution also provided $1.485 billion in new support to Pakistan&rsquo;s public sector during the year, marking a rise of around one-third compared to $1.113 billion in 2024. A large share of these funds was extended under ordinary capital resources on commercial terms.

The bank highlighted a policy-backed guarantee mechanism in Pakistan designed to reduce lending risk for commercial banks and encourage financing for small and medium-sized enterprises. Through this mechanism, around $1 billion in private sector financing was mobilised.

ADB also supported Pakistan&rsquo;s mineral development strategy by approving financing for a copper-gold mining project, aimed at strengthening global supply chains for critical minerals. The bank said it is also assisting in developing links between mineral extraction and manufacturing industries.

In addition, ADB is providing advisory assistance to Pakistan for preparing frameworks related to digital skills development, while also supporting investments aimed at improving girls&rsquo; participation in science, technology, engineering and mathematics (STEM) education.

Also Read: Construction of M6: NHA, ADB sign agreement

The report noted that Pakistan continues to face significant fiscal constraints that limit public investment in essential services. In response, ADB approved an $800 million programme consisting of a $300 million policy-based loan and up to $500 million in guarantees. This package is expected to help Pakistan raise an additional $1 billion in financing.

In education, ADB approved funding for at least 1,700 STEM laboratories across schools, with half of them planned for girls&rsquo; institutions, alongside a $100 million loan and a $7 million grant.

Globally, ADB&rsquo;s total commitments from its own resources reached $29.3 billion in 2025, reflecting a 20 per cent increase from the previous year. The bank also reported strong private sector engagement, with $5.5 billion directed towards private sector development.

Across the region, South Asia received $9.7 billion, making it the largest recipient, followed by Southeast Asia, Central and West Asia, East Asia, and the Pacific.

ADB said it undertook major institutional reforms during the year, including changes to its charter to expand lending capacity by 50 per cent without requiring additional capital from shareholders. It also revised its energy policy, improved procurement systems, and introduced a new framework to support critical minerals value chains linked to clean energy and digital industries.

The bank said these reforms are intended to make its financing more flexible, faster, and better aligned with development needs across Asia and the Pacific.

Read More: ADB says budget gaps delayed loan

The bank also stressed gender disparities in Pakistan&rsquo;s economy, estimating a financing gap of around 37 per cent for women-led enterprises. To address this, it committed $350 million to expand access to credit and support women entrepreneurs, with an estimated two million women expected to benefit.

In education, ADB approved funding for at least 1,700 STEM laboratories across schools, half of which will be established in girls&rsquo; institutions to promote participation in science and technology fields.

Regionally, South Asia remained the largest recipient of ADB funding with $9.7 billion in commitments, ahead of Southeast Asia and Central and West Asia.

The bank also reported $5.5 billion in private sector development commitments, reflecting its increasing focus on blended finance and risk-sharing instruments to mobilise commercial capital.

ADB implemented several institutional reforms during 2025, including amendments to its charter to expand lending capacity by 50 per cent without a general capital increase. It also revised its energy policy, streamlined procurement processes, and introduced a new framework for critical minerals development.

For Pakistan, the report suggests growing access not only to concessional financing but also to private capital mobilisation tools and risk-sharing mechanisms as the country continues to address fiscal and structural challenges.]]>
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			<title>Oil supply to Attock refinery restored after transport disruption</title>
			<link>https://tribune.com.pk/story/2604330/oil-supply-to-attock-refinery-restored-after-transport-disruption</link>
			<comments>https://tribune.com.pk/story/2604330/oil-supply-to-attock-refinery-restored-after-transport-disruption#comments</comments>
			<pubDate>Thu, 23 Apr 26 07:58:52 +0500</pubDate>
			<dc:creator>
				<![CDATA[Zaigham Naqvi]]>
			</dc:creator>
			<category><![CDATA[Pakistan]]></category>
			<guid isPermaLink="false">https://tribune.com.pk/?p=2604330</guid>
			<description>
				<![CDATA[Crude movement resumes after traffic restrictions halted logistics, forcing temporary shutdown a day earlier]]>
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				<![CDATA[The movement of crude oil and petroleum products to and from Attock Refinery Limited resumed late Wednesday night after authorities stepped in to ease disruptions, the refinery&rsquo;s management said. The restoration was facilitated through the intervention of Petroleum Minister Ali Pervaiz Malik enabling road transport to return to normal.

A day earlier, in a mandatory regulatory filing to the Pakistan Stock Exchange and the Securities and Exchange Commission of Pakistan, the company said its main crude distillation unit has been shut down after disruptions in oil supply and product dispatch caused by traffic restrictions in the federal capital.

The unit, with a capacity of around 32,400 barrels per stream day, was taken offline as the refinery could not sustain operations amid mounting logistical constraints.

Read More: Capital road blockades cripple refinery logistics

The Petroleum Division, along with other relevant institutions, played a key role in restoring road transport that had been suspended due to security arrangements for foreign delegations attending the Islamabad talks. The curbs had led to a halt in oil tanker movement to and from the refinery, disrupting both crude supply and product dispatch.

The disruption resulted in a sharp decline in crude receipts while preventing the evacuation of refined products, leading to a build-up of motor spirit and high-speed diesel stocks. The sustained logistical constraints ultimately forced the shutdown of operations.

The main processing unit of the refinery&nbsp;had impacted fuel supplies to Punjab, Khyber-Pakhtunkhwa, Azad Kashmir and Gilgit-Baltistan. They further noted that the refinery also provides furnace oil to power plants, amplifying the impact of the disruption. With the restoration of supply routes, the refinery&rsquo;s operations would fully normalise in the coming hours.]]>
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			<title>Gold drops by Rs5,200 per tola as global prices tumble</title>
			<link>https://tribune.com.pk/story/2604344/gold-drops-by-rs5200-per-tola-as-global-prices-tumble</link>
			<comments>https://tribune.com.pk/story/2604344/gold-drops-by-rs5200-per-tola-as-global-prices-tumble#comments</comments>
			<pubDate>Thu, 23 Apr 26 08:46:49 +0500</pubDate>
			<dc:creator>
				<![CDATA[Web Desk]]>
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			<category><![CDATA[Business]]></category>
			<guid isPermaLink="false">https://tribune.com.pk/?p=2604344</guid>
			<description>
				<![CDATA[The price of 10 grams of gold decreased by Rs4,458 to Rs423,321]]>
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				<![CDATA[Gold prices extended their decline on Thursday in Pakistan as the price of gold per tola dropped by Rs5,200 after the international market saw a dip of $52 per ounce to $4,714.

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), in the local market, the price of gold per tola after the drop reached Rs493,762. Similarly, the price of 10 grams of gold decreased by Rs4,458 to Rs423,321.

Silver prices also recorded a decline. The price per tola of silver fell by Rs225 to Rs8,099, while the price of 10 grams decreased by Rs193 to Rs6,943.

In the international market, silver fell 1.9% to $76.22 per ounce, platinum lost 1.8% to $2,037.18, and palladium was down 2.1% at $1,512.86.

Read: Gold dips Rs1,200 despite global rebound

The latest drop follows Wednesday&#39;s decline, when the price of gold per tola fell by Rs1,200 to settle at Rs498,962, according to the All-Pakistan Gems and Jewellers Sarafa Association. Similarly, the price of 10 grams of gold decreased by Rs1,029 to Rs427,779.

Silver prices also followed a downward trajectory, falling by Rs34 to Rs8,324 per tola.&nbsp;Market sentiment globally was supported by a decline in benchmark 10-year US Treasury yields, which slipped by 0.2%, making non-yielding assets like gold relatively more attractive.

Meanwhile, on Wednesday, the Pakistani rupee appreciated by 0.01%, gaining Rs0.03 to settle at 278.87 against the US dollar in the inter-bank market after closing at 278.90 on Tuesday.

Read more: Gold, silver extend declines in international and domestic markets

Also on Tuesday, gold and silver prices declined in both international and domestic markets.&nbsp;In the international bullion market, gold fell by $10 per ounce to $4,778. Locally, gold per tola dropped by Rs1,000 to Rs500,162, while 10 grams fell by Rs857 to Rs428,808.

Silver also declined, with the per tola rate down Rs59 to Rs8,358 and 10 grams falling Rs51 to Rs7,165.]]>
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			<title>BOI ramps up investor outreach in UK</title>
			<link>https://tribune.com.pk/story/2604249/boi-ramps-up-investor-outreach-in-uk</link>
			<comments>https://tribune.com.pk/story/2604249/boi-ramps-up-investor-outreach-in-uk#comments</comments>
			<pubDate>Wed, 22 Apr 26 19:49:45 +0500</pubDate>
			<dc:creator>
				<![CDATA[Our Correspondent]]>
			</dc:creator>
			<category><![CDATA[Business]]></category>
			<guid isPermaLink="false">https://tribune.com.pk/?p=2604249</guid>
			<description>
				<![CDATA[Investment minister pitches reforms at global financiers]]>
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				<![CDATA[Federal Minister for Board of Investment Qaiser Ahmed Sheikh, during his visit to London, engaged in high-level interactions with global financial leaders and institutions, underscoring Pakistan&#39;s commitment to strengthening international investment partnerships and enhancing professional standards in the financial sector.

The meeting, hosted at the headquarters of the Chartered Institute for Securities &amp; Investment (CISI), brought together senior representatives from Pakistan&#39;s government, regulatory authorities, and banking sector. Notable participants included The Bank of Punjab President Zafar Masud, officials of the Pakistan High Commission in the UK, including Naila Israr, Muhammad Afzal and Imran Khalil, and other prominent officials and stakeholders.

The discussions focused on strengthening international financial cooperation, promoting investment flows to Pakistan, and enhancing capacity building through globally recognised professional standards and certifications. Both sides emphasised the growing importance of skills development, particularly in emerging markets, to align with evolving global financial systems and technological advancements, including artificial intelligence and digital finance.

Federal Minister Qaiser Ahmed highlighted Pakistan&#39;s improving investment climate and reform-oriented policies. He reiterated the government&#39;s commitment to facilitating foreign investors, strengthening regulatory frameworks, and fostering an environment of transparency and trust &ndash; the key pillars for sustainable economic growth.

The minister noted that building trust and credibility in financial systems was essential for attracting long-term investment and creating resilient global partnerships. He emphasised that Pakistan was keen to collaborate with leading international institutions like CISI to enhance the professional capacity of its workforce and integrate with global best practices in the financial and investment sectors.

The interaction also highlighted the role of diaspora engagement and institutional linkages in advancing Pakistan&#39;s economic diplomacy.]]>
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			<title>FinMin expects continuous progress under GSP+</title>
			<link>https://tribune.com.pk/story/2604074/finmin-expects-continuous-progress-under-gsp</link>
			<comments>https://tribune.com.pk/story/2604074/finmin-expects-continuous-progress-under-gsp#comments</comments>
			<pubDate>Tue, 21 Apr 26 20:56:26 +0500</pubDate>
			<dc:creator>
				<![CDATA[Our Correspondent]]>
			</dc:creator>
			<category><![CDATA[Business]]></category>
			<guid isPermaLink="false">https://tribune.com.pk/?p=2604074</guid>
			<description>
				<![CDATA[Discusses economic ties, investment outlook in meeting with EU envoy]]>
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				<![CDATA[Federal Minister for Finance Muhammad Aurangzeb has expressed optimism about Pakistan&#39;s external sector outlook and reiterated the government&#39;s focus on enhancing competitiveness, deepening investment inflows and expanding trade opportunities.

In this context, he also conveyed hope for continued progress under the GSP Plus framework, terming it an important pillar of Pakistan-EU economic relations.

During a meeting with European Union Ambassador Raimundas Karoblis on Tuesday, the federal minister underscored Pakistan&#39;s steady return to macroeconomic stability and renewed engagement with international capital markets, which highlighted growing investor confidence and the government&#39;s commitment to a structured and forward-looking economic reform agenda. The finance minister noted that Pakistan had recently re-entered international capital markets after a four-year hiatus through a privately placed Eurobond transaction, which drew strong investor interest and was successfully upsized.

He emphasised that the milestone reflected improving economic fundamentals and signalled a positive trajectory for Pakistan&#39;s global financial integration.

Aurangzeb shared that the government was actively pursuing a diversified capital market strategy, including future international issuances and innovative financing instruments, aimed at strengthening external buffers and ensuring sustainable financing.

During the meeting, the EU ambassador extended an invitation to the finance minister for participating in the high-level EU-Pakistan Business Forum scheduled to be held on April 28 in Islamabad, which the minister accepted. Aurangzeb is expected to deliver the keynote address at the opening session on the theme &quot;Pakistan Rising: Incentives, Reforms and the Next Investment Frontier.&quot;

The finance minister appreciated the EU&#39;s efforts to bring together a large number of international and domestic business representatives, noting that such initiatives would provide a platform to showcase Pakistan&#39;s improving business climate and investment potential, while fostering meaningful business-to-business engagement.

He also highlighted the government&#39;s broader efforts to maintain macroeconomic stability, strengthen foreign exchange reserves and advance structural reforms to support sustainable and inclusive growth.]]>
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			<title>Strong dollar, rising yields push gold lower</title>
			<link>https://tribune.com.pk/story/2604073/strong-dollar-rising-yields-push-gold-lower</link>
			<comments>https://tribune.com.pk/story/2604073/strong-dollar-rising-yields-push-gold-lower#comments</comments>
			<pubDate>Tue, 21 Apr 26 20:56:26 +0500</pubDate>
			<dc:creator>
				<![CDATA[Our Correspondent]]>
			</dc:creator>
			<category><![CDATA[Business]]></category>
			<guid isPermaLink="false">https://tribune.com.pk/?p=2604073</guid>
			<description>
				<![CDATA[Bullion slides as investors eye US-Iran talks; rupee inches up]]>
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				<![CDATA[Gold prices in Pakistan extended their decline on Tuesday, tracking losses in the international market, as a stronger US dollar and rising Treasury yields weighed on bullion, while investors remained cautious ahead of developments in tentative US-Iran talks and the confirmation hearing of Federal Reserve chair nominee Kevin Warsh.

In the local market, the price of gold per tola fell by Rs1,000 to settle at Rs500,162. Similarly, the price of 10-gram gold decreased by Rs857 to Rs428,808, according to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

The latest decline follows a drop in the previous session, when gold prices had fallen by Rs4,900 per tola to close at Rs501,162, indicating heightened volatility in the domestic bullion market.

Silver prices also moved lower, with per-tola rate decreasing by Rs59 to reach Rs8,358. In the international market, spot gold dropped 2% to $4,724.31 per ounce during US trading hours, hitting its lowest level in over a week, according to Reuters. Meanwhile, US gold futures for June delivery declined 1.8% to $4,743.50.

Market sentiment remained under pressure as the US dollar strengthened, making dollar-denominated gold more expensive for investors holding other currencies. At the same time, the benchmark 10-year US Treasury yields rose more than 1%, further reducing the appeal of non-yielding assets such as gold.

Adnan Agar, Director at Interactive Commodities, noted that gold traded within a wide range during the session, touching a high of $4,830 and a low of $4,707, and was hovering near session lows amid uncertainty surrounding geopolitical developments.

He said ambiguity about the status of US-Iran talks had created a &quot;drama-like&quot; situation in the market, with conflicting signals dampening investor confidence. Reports suggest that US President Donald Trump may address the issue ahead of a ceasefire deadline, with speculation about a possible extension to allow further negotiations.

However, Agar cautioned that even an extension in the ceasefire may not necessarily support markets, as intermittent escalations could continue. He added that, historically, such negotiations tend to be prolonged, citing the Iran nuclear deal under former US president Barack Obama, which took nearly two years to finalise.

Despite short-term weakness, Agar maintained a bullish outlook, stating that as long as gold holds above the $4,580 level, prices are likely to resume an upward trajectory.

Separately, Uganda&#39;s central bank announced it has begun purchasing gold from domestic producers as part of a strategy to diversify foreign exchange reserves, as per Reuters.

Meanwhile, the Pakistani rupee gained a marginal Rs0.01 against the US dollar on Tuesday, closing at 278.90 in the inter-bank market. Additionally, the State Bank of Pakistan received a $1 billion deposit from Saudi Arabia&#39;s Ministry of Finance.]]>
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			<title>Skills, e-commerce key to boosting exports</title>
			<link>https://tribune.com.pk/story/2604078/skills-e-commerce-key-to-boosting-exports</link>
			<comments>https://tribune.com.pk/story/2604078/skills-e-commerce-key-to-boosting-exports#comments</comments>
			<pubDate>Tue, 21 Apr 26 20:56:26 +0500</pubDate>
			<dc:creator>
				<![CDATA[Our Correspondent]]>
			</dc:creator>
			<category><![CDATA[Business]]></category>
			<guid isPermaLink="false">https://tribune.com.pk/?p=2604078</guid>
			<description>
				<![CDATA[Jam Kamal sees grassroots training as external trade engine with digital linkages]]>
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				<![CDATA[Federal Minister for Commerce Jam Kamal Khan has said that Pakistan can significantly boost its exports by combining skills development, e-commerce integration and gradual formalisation of the economy, while ensuring a level playing field for compliant businesses, according to a statement issued on Tuesday.

He expressed these views during a meeting with a delegation led by Taimur Siddique, Director of Shahi Group. The meeting was also attended by Nawabzada Mir Muhammad Zarain Khan Magsi, Parliamentary Secretary for Tourism and Culture, Balochistan, along with representatives from textile, leather and trade sectors.

The minister emphasised that Pakistan has a strong foundation for export-led growth, particularly in textiles, leather and value-added recycled products. He noted that hubs like Karachi offer natural advantages due to port connectivity, skilled labour and an established industrial ecosystem.

&quot;Pakistan has the talent, infrastructure and entrepreneurial capacity. Our focus is to connect this potential with global markets through policy support and digital platforms,&quot; he said. Participants highlighted successful grassroots initiatives, including stitching and vocational training centres in Balochistan where young women are being trained on modern equipment. These centres are enabling local communities to produce export-quality goods.

Jam Kamal stressed that training alone is not sufficient without market access. He underscored the importance of linking such initiatives with e-commerce platforms, allowing locally produced goods to reach international buyers. Digital trade has opened new avenues, particularly for remote and underserved areas.

The meeting also explored innovative marketing approaches, including storytelling-based branding, where products are linked with social impact narratives such as community development and women empowerment.

The minister said that traditional industries such as carpet weaving and handicrafts can be revitalised by integrating them with modern digital platforms. While such sectors faced decline in the past due to limited market access, e-commerce now offers an opportunity to scale them sustainably.

On the policy side, Jam Kamal reiterated the government&#39;s commitment to improving the ease of doing business. Steps are being taken to rationalise export-related charges, streamline regulatory frameworks and address key concerns such as tax refunds to improve liquidity for exporters.

He also emphasised the need to address challenges posed by the informal sector, stating that undocumented businesses create unfair competition for tax-compliant enterprises. Strengthening enforcement and promoting documentation would enhance competitiveness and attract investment.

The meeting concluded with a shared commitment to promote public-private collaboration, strengthen digital trade ecosystems and create an enabling environment for businesses and entrepreneurs.]]>
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			<title>Record premium paid on oil imports</title>
			<link>https://tribune.com.pk/story/2603887/record-premium-paid-on-oil-imports</link>
			<comments>https://tribune.com.pk/story/2603887/record-premium-paid-on-oil-imports#comments</comments>
			<pubDate>Mon, 20 Apr 26 20:54:22 +0500</pubDate>
			<dc:creator>
				<![CDATA[ZAFAR BHUTTA]]>
			</dc:creator>
			<category><![CDATA[Business]]></category>
			<guid isPermaLink="false">https://tribune.com.pk/?p=2603887</guid>
			<description>
				<![CDATA[Premium rates jump to over $34 per barrel compared to $12 earlier]]>
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				<![CDATA[Pakistan State Oil (PSO) has imported petroleum products at hefty premiums to meet the country&#39;s needs, but this high cost will put an additional burden on oil consumers, who are already reeling from exorbitant fuel prices.

Amid US-Israel and Iran war, which has choked the Strait of Hormuz &ndash; a critical waterway for oil shipments, Pakistan has paid the highest-ever premium on the purchase of petroleum products, leading to higher oil prices in the country.

PSO was paying a maximum premium of around $12 per barrel but later rates jumped to more than $34 per barrel, causing a record increase in domestic prices of petroleum products.

Sources told The Express Tribune that PSO, in a letter, drew attention of the Oil and Gas Regulatory Authority (Ogra) chairman to high premiums and the need to include them in oil prices.

PSO also referred to the recently revised pricing formula for petroleum products in the wake of ongoing geopolitical conflict and increasingly volatile international crude prices.

&quot;We would like to highlight that the premium on the recently arrived HSD (high-speed diesel) cargo for PSO, namely MT Kaliban, from the Suez STS area is $35.612 per barrel,&quot; PSO authorities said, adding that similarly, the premium on cargoes expected to be imported later in April may be around the same level.

Directly including this premium of $35.6 in the upcoming HSD price revision will significantly increase the end-consumer price.

PSO said that based on the Gasoil Arab Gulf Platts published till April 7, 2026, the existing ex-refinery price of Rs496.97 per litre was expected to rise further by Rs122.76 per litre if the high premium was incorporated into the price.

&quot;Considering the fact that HSD is mainly being imported by PSO at the moment, we recommend that these exceptionally high premiums may only be reimbursed to PSO and any other importing OMCs (oil marketing companies) rather than passing the same directly to the ex-refinery price,&quot; it said.

&quot;If HSD prices are pegged to the pre-war premium of $5.10/bbl, the estimated impact on the upcoming end-consumer price would be approximately Rs60/litre. Alternatively, if pegged to the last applied premium of $23.15/bbl, the impact would be around Rs40/litre. This estimation is based on the assumption that the customs duty reimbursement mechanism is as per existing practice,&quot; PSO said, adding that the above mechanism would ensure that exceptional import margins were passed on to end-consumers only to the extent of actual cost incurred.

Moreover, the differential between PSO&#39;s actual import cost and the cost derived from the above benchmark values may be reimbursed to the company through the inland freight equalisation margin (IFEM) mechanism for all cargoes already awarded approval of the government of Pakistan.

A similar process should be followed for any other OMC, which has imported HSD during the current week. &quot;We hope that due consideration will be given to the above highlighted suggestions,&quot; PSO authorities said.

The price differential claims (PDC) of OMCs are stuck following a decision of the government to freeze fuel prices. Ogra has recently processed a payment of Rs38 billion in PDC. These claims were paid to 34 OMCs.

Ogra has implemented the federal government&#39;s decision through establishing a mechanism, duly concurred by the government, aimed at improving transparency, efficiency and timeliness in the verification and release of PDC. The framework ensures a structured evaluation process, enabling expeditious settlement of legitimate and eligible claims so as to ensure robust financial discipline.]]>
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			<title>Value addition key to China exports</title>
			<link>https://tribune.com.pk/story/2603893/value-addition-key-to-china-exports</link>
			<comments>https://tribune.com.pk/story/2603893/value-addition-key-to-china-exports#comments</comments>
			<pubDate>Mon, 20 Apr 26 20:54:22 +0500</pubDate>
			<dc:creator>
				<![CDATA[Our Correspondent]]>
			</dc:creator>
			<category><![CDATA[Business]]></category>
			<guid isPermaLink="false">https://tribune.com.pk/?p=2603893</guid>
			<description>
				<![CDATA[Naphtha plant faces Chinese financing delays as FPCCI pushes for capital infusion]]>
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				<![CDATA[Pakistan cannot transform its export mix to China without targeted investment in value-added production, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Senior Vice President Saquib Fayyaz Magoon has said during a meeting with Consul General Shahzad Ahmed in Shanghai, according to a statement issued on Monday.

Both sides agreed that agriculture and food sectors hold immense potential, with investment needed in processing, packaging and quality control. Magoon stressed that shifting from raw products to value-added goods requires capital infusion in cold chains, certification labs and branding.

Improved packaging and quality standards were identified as urgent priorities to make Pakistani goods competitive in China. Promoting IT exports and software development joint ventures depends on sustained investment in digital infrastructure and technology parks.

Another key issue was the Naphtha Cracker Plant project, for which a memorandum of understanding was signed last year. The project faces delays due to financing hurdles on the Chinese side. Both parties emphasised the urgency of resolving these bottlenecks.

The consul general assured full support in helping Pakistani businesses attract Chinese investment for value-added ventures. Magoon reiterated that investment in value addition is the only path to transforming the export mix to China.]]>
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			<title>Bank of Punjab signs MoU with Stacks to improve digital remittances</title>
			<link>https://tribune.com.pk/story/2604337/bank-of-punjab-signs-mou-with-stacks-to-improve-digital-remittances</link>
			<comments>https://tribune.com.pk/story/2604337/bank-of-punjab-signs-mou-with-stacks-to-improve-digital-remittances#comments</comments>
			<pubDate>Thu, 23 Apr 26 08:29:57 +0500</pubDate>
			<dc:creator>
				<![CDATA[Web Desk]]>
			</dc:creator>
			<category><![CDATA[Business]]></category>
			<guid isPermaLink="false">https://tribune.com.pk/?p=2604337</guid>
			<description>
				<![CDATA[MoU signed by Stacks Co founder Muneeb Ali and BoP President &amp; CEO Zafar Masud]]>
			</description>
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				<![CDATA[The Bank of Punjab (BoP) has entered into a strategic Memorandum of Understanding (MoU) with Stacks, marking an important step toward transforming Pakistan&rsquo;s remittance landscape and strengthening the country&rsquo;s digital financial ecosystem, according to a press release.

The MoU was signed by Stacks Co founder Muneeb Ali and BoP President &amp; CEO&nbsp;Zafar Masud, reflecting a shared commitment to innovation, financial inclusion, and the development of faster and more efficient cross border payment solutions for Pakistan, it stated.

Through this collaboration, the BoP will combine its banking expertise and institutional reach with Stacks&rsquo; technology capabilities to explore new possibilities for improving remittance services, with a focus on speed, security, transparency, and convenience for overseas Pakistanis and their families, the statement read.

As part of this initiative, the two organisations will also undertake a pilot transaction to explore the use of stablecoins for remittances. The pilot will assess how blockchain based solutions can help reduce transaction costs, improve processing time, and enhance transparency in cross border payments, it added.

Speaking on the occasion, BoP President &amp; CEO Masud said,&nbsp;&ldquo;This partnership reflects our continued focus on innovation and our commitment to building a more efficient, inclusive, and future ready financial system. By exploring emerging technologies in collaboration with leading innovators such as Stacks, we aim to unlock new possibilities for remittances and create greater value for overseas Pakistanis.&rdquo;

Stacks Co founder Ali said,&nbsp;&ldquo;We are pleased to partner with The Bank of Punjab on this important initiative. By combining modern blockchain based infrastructure with strong banking capabilities, we hope to demonstrate how next generation payment rails can improve cross border money movement and expand financial access.&rdquo;

This partnership underscores the BoP&rsquo;s broader vision of embracing responsible innovation to support national priorities, promote financial inclusion, and contribute to a more connected and digitally empowered Pakistan.]]>
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			<title>Gold dips Rs1,200 despite global rebound</title>
			<link>https://tribune.com.pk/story/2604248/gold-dips-rs1200-despite-global-rebound</link>
			<comments>https://tribune.com.pk/story/2604248/gold-dips-rs1200-despite-global-rebound#comments</comments>
			<pubDate>Wed, 22 Apr 26 19:49:45 +0500</pubDate>
			<dc:creator>
				<![CDATA[Our Correspondent]]>
			</dc:creator>
			<category><![CDATA[Business]]></category>
			<guid isPermaLink="false">https://tribune.com.pk/?p=2604248</guid>
			<description>
				<![CDATA[Settles at Rs498,962/tola amid yield-driven international rally; rupee edges up]]>
			</description>
			<content:encoded>
				<![CDATA[Gold prices in Pakistan declined on Wednesday, diverging from gains in the international market, where bullion rebounded from a more than one-week low, supported by softer US Treasury yields and fresh bargain hunting amid geopolitical uncertainty.

In the local market, the price of gold per tola fell by Rs1,200 to settle at Rs498,962, according to the All-Pakistan Gems and Jewellers Sarafa Association. Similarly, the price of 10 grams of gold decreased by Rs1,029 to Rs427,779.

The latest drop follows Tuesday&#39;s decline, when gold per tola had shed Rs1,000 to close at Rs500,162, indicating continued pressure in the domestic market despite a recovery in global prices.

Silver prices also followed a downward trajectory, falling by Rs34 to Rs8,324 per tola. In contrast, international bullion prices moved higher on Wednesday. Spot gold rose 0.5% to $4,732.79 per ounce by 11:17 am EDT, after gaining 1% earlier in the session, according to Reuters. US gold futures for June delivery were up 0.7% at $4,750.20 per ounce. The rebound comes a day after gold posted its sharpest single-day loss since late March.

Market sentiment globally was supported by a decline in benchmark 10-year US Treasury yields, which slipped by 0.2%, making non-yielding assets like gold relatively more attractive. At the same time, investors engaged in bargain buying after the recent dip, while closely monitoring geopolitical developments, including tensions in the Strait of Hormuz and uncertainty surrounding potential US-Iran negotiations. Adnan Agar, Director at Interactive Commodities, noted that gold remains under mild pressure in the short term but retains a constructive outlook. He said the metal touched a low near $4,712 and hovered around $4,730, with an intra-day high of $4,780.

According to Agar, gold is currently trading within a consolidation range of $4,780 to $4,880. A sustained breakout above this band could open the way towards higher targets of $5,000 and $5,200 per ounce. He added that while momentum has slowed compared to the sharp rallies seen in 2025 and early 2026, the broader trend remains upward as long as prices hold above the $4,580 support level.

&quot;Investor interest has temporarily shifted towards oil and other commodities following gold&#39;s recent correction,&quot; he said, adding that a renewed breakout could quickly revive market participation.

Meanwhile, the Pakistani rupee appreciated by 0.01% on Wednesday, gaining Rs0.03 to settle at 278.87 against the US dollar in the inter-bank market after closing at 278.90 on Tuesday.]]>
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			<title>Auto parts makers seek consultations</title>
			<link>https://tribune.com.pk/story/2604256/auto-parts-makers-seek-consultations</link>
			<comments>https://tribune.com.pk/story/2604256/auto-parts-makers-seek-consultations#comments</comments>
			<pubDate>Wed, 22 Apr 26 19:49:45 +0500</pubDate>
			<dc:creator>
				<![CDATA[Our Correspondent]]>
			</dc:creator>
			<category><![CDATA[Business]]></category>
			<guid isPermaLink="false">https://tribune.com.pk/?p=2604256</guid>
			<description>
				<![CDATA[Air concern over draft being sent to IMF without taking industry input]]>
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				<![CDATA[The Pakistan Association of Automotive Parts &amp; Accessories Manufacturers (Paapam) has voiced concern over reports that the draft Automobile &amp; Auto Parts Manufacturing Policy (2026-31) is being forwarded to the International Monetary Fund (IMF) without meaningful consultation with the Engineering Development Board (EDB), parts vendors and other key industry stakeholders.

In a statement, Paapam Chairman Usman Aslam Malik said that the unilateral approach had caused alarm across Pakistan&#39;s auto parts manufacturing ecosystem, which sustains over one million livelihoods.

He emphasised that more than 300,000 workers were directly employed in machining, tooling, moulding, forging, casting, and assembly works, while another 700,000 depended on logistics, raw materials, aftermarket distribution and engineering services. Any weakening of the sector, he warned, would directly affect national employment and industrial stability.

Senior Vice Chairman Shehryar Qadir cautioned that applying the National Tariff Policy uniformly to the auto sector without safeguards risked reversing four decades of localisation, undermining billions invested by Pakistani vendors, shrinking the domestic vendor base and eroding industrial self-reliance. He stressed that auto was a technology-intensive industry, not a trading sector, and it required a tailored policy framework.

Both industry leaders pointed out that the auto parts industry was not only supplying goods to the original equipment manufacturers (OEMs) but also for agriculture, motorcycles, commercial vehicles, appliances and defence engineering, while contributing to foreign exchange through exports. Paapam called on the government to stop the submission of the draft policy to the IMF, re-engage with industry stakeholders, protect localised parts through tariff differentiation and adopt a balanced, export-oriented framework.]]>
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			<title>OGDC engages Balochistan to utilise Zin gas</title>
			<link>https://tribune.com.pk/story/2604076/ogdc-engages-balochistan-to-utilise-zin-gas</link>
			<comments>https://tribune.com.pk/story/2604076/ogdc-engages-balochistan-to-utilise-zin-gas#comments</comments>
			<pubDate>Tue, 21 Apr 26 20:56:26 +0500</pubDate>
			<dc:creator>
				<![CDATA[Our Correspondent]]>
			</dc:creator>
			<category><![CDATA[Business]]></category>
			<guid isPermaLink="false">https://tribune.com.pk/?p=2604076</guid>
			<description>
				<![CDATA[Company continues to strengthen its role in enhancing energy security]]>
			</description>
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				<![CDATA[Oil and Gas Development Company (OGDC) has continued to accelerate efforts to unlock value from its stranded and low British-thermal-unit (BTU) gas resources, with a renewed focus on fast-tracking production from challenging assets such as the Zin Gas Field.

As part of this strategy, OGDC is actively engaging with the government of Balochistan to explore the utilisation of Zin&#39;s low BTU gas for industrial clusters and fertiliser projects. The initiative aims to support regional economic development while optimising the use of indigenous energy resources that have remained underutilised. Further strengthening this initiative, OGDC has signed a memorandum of understanding (MoU) with Uch Power to jointly assess the technical and commercial potential of using Zin gas for power generation. The collaboration will pave the way for innovative and sustainable energy solutions, particularly in areas with limited access to conventional fuel supplies.

These strategic collaborations underscore OGDC&#39;s commitment to maximising the potential of indigenous hydrocarbon resources through targeted investments and strategic partnerships. Through these initiatives, the company continues to strengthen its role in enhancing energy security, promoting economic growth and delivering long-term value for Pakistan&#39;s energy sector.]]>
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			<title>Energy disruption to widen India deficit</title>
			<link>https://tribune.com.pk/story/2604079/energy-disruption-to-widen-india-deficit</link>
			<comments>https://tribune.com.pk/story/2604079/energy-disruption-to-widen-india-deficit#comments</comments>
			<pubDate>Tue, 21 Apr 26 20:56:26 +0500</pubDate>
			<dc:creator>
				<![CDATA[reuters]]>
			</dc:creator>
			<category><![CDATA[Business]]></category>
			<guid isPermaLink="false">https://tribune.com.pk/?p=2604079</guid>
			<description>
				<![CDATA[Moody's flags inflation risks, fiscal pressures may strain policy flexibility and investor confidence]]>
			</description>
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				<![CDATA[A prolonged disruption in energy supply can widen India&#39;s trade deficit and strain the fiscal account of the world&#39;s fastest-growing major economy, according to rating agency Moody&#39;s.

Brent Crude prices have shot up 31% since the US-Israeli war on Iran began on February 28 and have been see-sawing with each development, while prospects of peace fuelled a recovery in stock markets globally.

India is the world&#39;s third-largest crude importer, and higher prices tend to increase its import bill, inflation, and impact corporate margins. As a result, foreign investors offloaded Indian shares worth $18.6 billion so far in 2026, March logged a record $12.7 billion worth of net outflows.

&quot;Given lingering risks and because some production operations in the Middle East and logistical assets will take time to restart and reposition, risk premia and key commodity prices will likely remain structurally higher for some time,&quot; Moody&#39;s Ratings said in a report on Monday.

The rating agency currently has &quot;Baa3&quot; rating on India with a &quot;stable&quot; outlook. It had trimmed its growth forecast for India&#39;s real gross domestic product (GDP) to 6% for fiscal 2027 from 6.8% earlier, factoring in the impact of the Iran war.

&quot;A prolonged disruption would pose more material challenges, potentially entrenching inflation, straining fiscal and monetary policy flexibility and testing external investor confidence,&quot; Moody&#39;s said.

The impact of higher crude oil on companies will be uneven, the report noted, with oil marketing companies (OMCs) and fuel-dependent sectors such as cement and chemicals likely bearing the brunt of the price shock.

&quot;Cost hikes associated with inland transportation have been contained for now through fuel subsidies borne by state-owned OMCs, but this has shifted cost pressures onto their balance sheets in a manner we view as unsustainable,&quot; Moody&#39;s added.]]>
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			<title>Minister orders halt to costly power purchases</title>
			<link>https://tribune.com.pk/story/2604251/minister-orders-halt-to-costly-power-purchases</link>
			<comments>https://tribune.com.pk/story/2604251/minister-orders-halt-to-costly-power-purchases#comments</comments>
			<pubDate>Wed, 22 Apr 26 19:49:45 +0500</pubDate>
			<dc:creator>
				<![CDATA[Our Correspondent]]>
			</dc:creator>
			<category><![CDATA[Business]]></category>
			<guid isPermaLink="false">https://tribune.com.pk/?p=2604251</guid>
			<description>
				<![CDATA[Matter was revealed during a stock-taking of DISCOs]]>
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				<![CDATA[Federal Minister for Power Division Sardar Awais Ahmed Khan Leghari has taken serious notice of power off-take from small power producers (SPPs) and captive power plants (CPPs) by distribution companies (DISCOs) at tariffs exceeding the prevailing national merit order, according to a statement issued on Wednesday.

The matter was revealed during a stock-taking of DISCOs. The minister directed an immediate halt to the practice and ordered it to be brought in line with NEPRA&#39;s Grid Code, Distribution Code and directions. He also ordered an inquiry into the matter. The minister further directed coordination with the Independent System and Market Operator (ISMO) to include SPPs and CPPs in the dispatch process based on economic merit order (EMO) principles, ensuring least cost for consumers.]]>
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			<title>Skills, e-commerce key to boosting exports</title>
			<link>https://tribune.com.pk/story/2604078/skills-e-commerce-key-to-boosting-exports</link>
			<comments>https://tribune.com.pk/story/2604078/skills-e-commerce-key-to-boosting-exports#comments</comments>
			<pubDate>Tue, 21 Apr 26 20:56:26 +0500</pubDate>
			<dc:creator>
				<![CDATA[Our Correspondent]]>
			</dc:creator>
			<category><![CDATA[Business]]></category>
			<guid isPermaLink="false">https://tribune.com.pk/?p=2604078</guid>
			<description>
				<![CDATA[Jam Kamal sees grassroots training as external trade engine with digital linkages]]>
			</description>
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				<![CDATA[Federal Minister for Commerce Jam Kamal Khan has said that Pakistan can significantly boost its exports by combining skills development, e-commerce integration and gradual formalisation of the economy, while ensuring a level playing field for compliant businesses, according to a statement issued on Tuesday.

He expressed these views during a meeting with a delegation led by Taimur Siddique, Director of Shahi Group. The meeting was also attended by Nawabzada Mir Muhammad Zarain Khan Magsi, Parliamentary Secretary for Tourism and Culture, Balochistan, along with representatives from textile, leather and trade sectors.

The minister emphasised that Pakistan has a strong foundation for export-led growth, particularly in textiles, leather and value-added recycled products. He noted that hubs like Karachi offer natural advantages due to port connectivity, skilled labour and an established industrial ecosystem.

&quot;Pakistan has the talent, infrastructure and entrepreneurial capacity. Our focus is to connect this potential with global markets through policy support and digital platforms,&quot; he said. Participants highlighted successful grassroots initiatives, including stitching and vocational training centres in Balochistan where young women are being trained on modern equipment. These centres are enabling local communities to produce export-quality goods.

Jam Kamal stressed that training alone is not sufficient without market access. He underscored the importance of linking such initiatives with e-commerce platforms, allowing locally produced goods to reach international buyers. Digital trade has opened new avenues, particularly for remote and underserved areas.

The meeting also explored innovative marketing approaches, including storytelling-based branding, where products are linked with social impact narratives such as community development and women empowerment.

The minister said that traditional industries such as carpet weaving and handicrafts can be revitalised by integrating them with modern digital platforms. While such sectors faced decline in the past due to limited market access, e-commerce now offers an opportunity to scale them sustainably.

On the policy side, Jam Kamal reiterated the government&#39;s commitment to improving the ease of doing business. Steps are being taken to rationalise export-related charges, streamline regulatory frameworks and address key concerns such as tax refunds to improve liquidity for exporters.

He also emphasised the need to address challenges posed by the informal sector, stating that undocumented businesses create unfair competition for tax-compliant enterprises. Strengthening enforcement and promoting documentation would enhance competitiveness and attract investment.

The meeting concluded with a shared commitment to promote public-private collaboration, strengthen digital trade ecosystems and create an enabling environment for businesses and entrepreneurs.]]>
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			<title>FinMin expects continuous progress under GSP+</title>
			<link>https://tribune.com.pk/story/2604074/finmin-expects-continuous-progress-under-gsp</link>
			<comments>https://tribune.com.pk/story/2604074/finmin-expects-continuous-progress-under-gsp#comments</comments>
			<pubDate>Tue, 21 Apr 26 20:56:26 +0500</pubDate>
			<dc:creator>
				<![CDATA[Our Correspondent]]>
			</dc:creator>
			<category><![CDATA[Business]]></category>
			<guid isPermaLink="false">https://tribune.com.pk/?p=2604074</guid>
			<description>
				<![CDATA[Discusses economic ties, investment outlook in meeting with EU envoy]]>
			</description>
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				<![CDATA[Federal Minister for Finance Muhammad Aurangzeb has expressed optimism about Pakistan&#39;s external sector outlook and reiterated the government&#39;s focus on enhancing competitiveness, deepening investment inflows and expanding trade opportunities.

In this context, he also conveyed hope for continued progress under the GSP Plus framework, terming it an important pillar of Pakistan-EU economic relations.

During a meeting with European Union Ambassador Raimundas Karoblis on Tuesday, the federal minister underscored Pakistan&#39;s steady return to macroeconomic stability and renewed engagement with international capital markets, which highlighted growing investor confidence and the government&#39;s commitment to a structured and forward-looking economic reform agenda. The finance minister noted that Pakistan had recently re-entered international capital markets after a four-year hiatus through a privately placed Eurobond transaction, which drew strong investor interest and was successfully upsized.

He emphasised that the milestone reflected improving economic fundamentals and signalled a positive trajectory for Pakistan&#39;s global financial integration.

Aurangzeb shared that the government was actively pursuing a diversified capital market strategy, including future international issuances and innovative financing instruments, aimed at strengthening external buffers and ensuring sustainable financing.

During the meeting, the EU ambassador extended an invitation to the finance minister for participating in the high-level EU-Pakistan Business Forum scheduled to be held on April 28 in Islamabad, which the minister accepted. Aurangzeb is expected to deliver the keynote address at the opening session on the theme &quot;Pakistan Rising: Incentives, Reforms and the Next Investment Frontier.&quot;

The finance minister appreciated the EU&#39;s efforts to bring together a large number of international and domestic business representatives, noting that such initiatives would provide a platform to showcase Pakistan&#39;s improving business climate and investment potential, while fostering meaningful business-to-business engagement.

He also highlighted the government&#39;s broader efforts to maintain macroeconomic stability, strengthen foreign exchange reserves and advance structural reforms to support sustainable and inclusive growth.]]>
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			<title>Strong dollar, rising yields push gold lower</title>
			<link>https://tribune.com.pk/story/2604073/strong-dollar-rising-yields-push-gold-lower</link>
			<comments>https://tribune.com.pk/story/2604073/strong-dollar-rising-yields-push-gold-lower#comments</comments>
			<pubDate>Tue, 21 Apr 26 20:56:26 +0500</pubDate>
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				<![CDATA[Our Correspondent]]>
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			<category><![CDATA[Business]]></category>
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				<![CDATA[Bullion slides as investors eye US-Iran talks; rupee inches up]]>
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				<![CDATA[Gold prices in Pakistan extended their decline on Tuesday, tracking losses in the international market, as a stronger US dollar and rising Treasury yields weighed on bullion, while investors remained cautious ahead of developments in tentative US-Iran talks and the confirmation hearing of Federal Reserve chair nominee Kevin Warsh.

In the local market, the price of gold per tola fell by Rs1,000 to settle at Rs500,162. Similarly, the price of 10-gram gold decreased by Rs857 to Rs428,808, according to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

The latest decline follows a drop in the previous session, when gold prices had fallen by Rs4,900 per tola to close at Rs501,162, indicating heightened volatility in the domestic bullion market.

Silver prices also moved lower, with per-tola rate decreasing by Rs59 to reach Rs8,358. In the international market, spot gold dropped 2% to $4,724.31 per ounce during US trading hours, hitting its lowest level in over a week, according to Reuters. Meanwhile, US gold futures for June delivery declined 1.8% to $4,743.50.

Market sentiment remained under pressure as the US dollar strengthened, making dollar-denominated gold more expensive for investors holding other currencies. At the same time, the benchmark 10-year US Treasury yields rose more than 1%, further reducing the appeal of non-yielding assets such as gold.

Adnan Agar, Director at Interactive Commodities, noted that gold traded within a wide range during the session, touching a high of $4,830 and a low of $4,707, and was hovering near session lows amid uncertainty surrounding geopolitical developments.

He said ambiguity about the status of US-Iran talks had created a &quot;drama-like&quot; situation in the market, with conflicting signals dampening investor confidence. Reports suggest that US President Donald Trump may address the issue ahead of a ceasefire deadline, with speculation about a possible extension to allow further negotiations.

However, Agar cautioned that even an extension in the ceasefire may not necessarily support markets, as intermittent escalations could continue. He added that, historically, such negotiations tend to be prolonged, citing the Iran nuclear deal under former US president Barack Obama, which took nearly two years to finalise.

Despite short-term weakness, Agar maintained a bullish outlook, stating that as long as gold holds above the $4,580 level, prices are likely to resume an upward trajectory.

Separately, Uganda&#39;s central bank announced it has begun purchasing gold from domestic producers as part of a strategy to diversify foreign exchange reserves, as per Reuters.

Meanwhile, the Pakistani rupee gained a marginal Rs0.01 against the US dollar on Tuesday, closing at 278.90 in the inter-bank market. Additionally, the State Bank of Pakistan received a $1 billion deposit from Saudi Arabia&#39;s Ministry of Finance.]]>
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			<title>India, South Korea set $50b trade target</title>
			<link>https://tribune.com.pk/story/2603888/india-south-korea-set-50b-trade-target</link>
			<comments>https://tribune.com.pk/story/2603888/india-south-korea-set-50b-trade-target#comments</comments>
			<pubDate>Mon, 20 Apr 26 20:54:22 +0500</pubDate>
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				<![CDATA[reuters]]>
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			<category><![CDATA[Business]]></category>
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				<![CDATA[Modi, Lee agree to revamp 2010 trade pact, target doubling bilateral transactions]]>
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				<![CDATA[India and South Korea said on Monday that they would boost their economic ties by expanding cooperation in energy, critical minerals, shipbuilding, semiconductors and steel as they seek to double their trade to $50 billion by 2030.

New Delhi and Seoul also agreed to resume and step up negotiations to give new energy to their 2010 trade agreement, as India wants their trade to be more balanced and South Korea wants greater market access to the world&#39;s fastest-growing major economy.

South Korean President Lee Jae Myung is in India for a three-day visit, the first South Korean presidential state visit to the country in eight years. He is accompanied by around 200 South Korean businesspeople.

The two countries created a ministerial-level economic cooperation committee for the first time, Lee said, adding that they would strengthen cooperation in areas such as nuclear power plants, clean energy, as well as trade and investment.

With the Iran war squeezing global energy supplies, India and South Korea would also continue to cooperate to ensure the stable supply of energy resources and key raw materials such as naphtha, Lee added. Modi said Lee&#39;s visit was extremely significant and that the two countries had taken important decisions to boost two-way trade to $50 billion by 2030 from around $27 billion at present.]]>
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			<title>Geopolitical friction drives gold down by Rs4,900</title>
			<link>https://tribune.com.pk/story/2603885/geopolitical-friction-drives-gold-down-by-rs4900</link>
			<comments>https://tribune.com.pk/story/2603885/geopolitical-friction-drives-gold-down-by-rs4900#comments</comments>
			<pubDate>Mon, 20 Apr 26 20:54:22 +0500</pubDate>
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				<![CDATA[Our Correspondent]]>
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			<category><![CDATA[Business]]></category>
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			<description>
				<![CDATA[Rates drop to Rs501,162 per tola; rupee inches up marginally]]>
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				<![CDATA[Gold prices in Pakistan retreated significantly on Monday, tracking a sharp downturn in the international market, as global investors navigated a volatile mix of geopolitical tensions and strengthening economic indicators.

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold per tola dropped by Rs4,900 to settle at Rs501,162. This correction effectively wiped out the gains seen during the previous session on Saturday, when prices had climbed by Rs4,500. Similarly, the 10-gram gold rate fell by Rs4,201 to reach Rs429,665, while silver shed Rs145 to close at Rs8,417 per tola.

The domestic slump was a direct reflection of the global stage, where spot gold dipped 0.5% to $4,802.75 per ounce after hitting a one-week low of $4,736 earlier in the day. The primary catalyst for this fluctuation was the surge in the US dollar and rising benchmark 10-year Treasury yields. As the dollar hit a one-week high, gold became more expensive for international buyers, while higher yields increased the opportunity cost of holding non-yielding bullion.

These shifts were exacerbated by renewed US-Iran tensions following the US takeover of an Iranian cargo vessel, an event that sent oil prices climbing by 5% and injected fresh uncertainty into markets. Market experts noted that while gold initially dipped due to the news of renewed friction, it managed a slight recovery to hold near the $4,800 mark.

Adnan Agar, Director of Interactive Commodities, highlighted market scepticism regarding a swift diplomatic resolution. He pointed out that deep-seated mistrust and complex history of negotiations make a breakthrough unlikely in the next 10 to 20 days. Even regional relationships are strained, suggesting that Iran&#39;s apparent lack of full trust in intermediaries like Pakistan complicates the potential for a quick peace deal.

Looking ahead, Agar said the bullion market remains in a state of cautious observation. While a stronger dollar and rising yields act as headwinds, underlying geopolitical instability continues to provide a supportive backdrop for gold&#39;s safe-haven appeal. He expected more clarity to emerge within the next 48 hours as the impact of the US delegation&#39;s efforts becomes visible. Meanwhile, the Pakistani rupee posted a marginal gain of Rs0.01 against the US dollar in the inter-bank market on Monday, closing at Rs278.91 compared with Friday&#39;s close at Rs278.92, according to the SBP.]]>
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			<title>Work on floating jetty begins with Rs120m cost</title>
			<link>https://tribune.com.pk/story/2603535/work-on-floating-jetty-begins-with-rs120m-cost</link>
			<comments>https://tribune.com.pk/story/2603535/work-on-floating-jetty-begins-with-rs120m-cost#comments</comments>
			<pubDate>Sat, 18 Apr 26 20:21:37 +0500</pubDate>
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				<![CDATA[Our Correspondent]]>
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			<category><![CDATA[Business]]></category>
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			<description>
				<![CDATA[Initiative aimed at facilitating smooth landing, offloading of fish catch]]>
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				<![CDATA[Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Saturday announced that construction work has begun on an environmentally efficient floating jetty at the Korangi Fisheries Harbour at a cost of Rs120 million to facilitate the offloading of export-quality fish catch.

The minister was chairing a meeting of the Korangi Fisheries Harbour Authority (KoFHA) board, attended by its Director General Dr Shahid Aslam, Chairman Abrar Asim and other members. He described the project as a significant step towards improving facilities for small-scale fisherfolk, adding that the jetty was expected to be completed by June 2026.

Junaid Anwar said the initiative would ensure safer and more reliable access to water, while facilitating the smooth landing and unloading of fish catch. He noted that the project aimed to boost operational efficiency and create new economic opportunities for coastal communities.

Highlighting key features, the minister said that unlike fixed structures, the floating jetty would adjust to tidal variations, reducing dependence on water levels and ensuring uninterrupted access for fishing vessels. This, he added, would enable fishermen to handle their catch more efficiently regardless of tidal conditions.

Junaid Anwar said improved accessibility would shorten turnaround times between fishing trips, allowing fishermen to spend more time at sea while lowering operational costs. The floating jetty, he added, was particularly suitable for shallow-water areas where conventional fixed structures were not feasible.

The minister said the facility would include a dedicated offloading point integrated with catch monitoring systems to promote sustainable fishing practices and improve resource management, operations in shallow-water areas and enhance efficiency in the fisheries sector.]]>
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			<title>'Economy stronger despite ME risks'</title>
			<link>https://tribune.com.pk/story/2603536/economy-stronger-despite-me-risks</link>
			<comments>https://tribune.com.pk/story/2603536/economy-stronger-despite-me-risks#comments</comments>
			<pubDate>Sat, 18 Apr 26 20:21:37 +0500</pubDate>
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				<![CDATA[Our Correspondent]]>
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			<category><![CDATA[Business]]></category>
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				<![CDATA[SBP governor says inflation averages 5.7%, reserves to reach $18b by June]]>
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				<![CDATA[State Bank of Pakistan (SBP) Governor Jameel Ahmad has said that Pakistan&#39;s key macroeconomic indicators have improved faster than anticipated at the beginning of the fiscal year, according to a statement by the central bank on Saturday.

While noting that the ongoing conflict in the Middle East has introduced new risks and increased uncertainty about the macroeconomic outlook, the governor said the economy is relatively better positioned compared with previous crisis episodes to manage these emerging challenges.

Ahmad was meeting with senior executives from leading global financial and investment institutions, including JP Morgan, Barclays, Citibank, Jefferies and Franklin Templeton, as well as major credit rating agencies such as Fitch, Moody&#39;s and S&amp;P Global. These engagements took place on the sidelines of the International Monetary Fund (IMF)-World Bank Spring Meetings from April 13 to 18, 2026. Ahmad also conducted key bilateral meetings with the leadership of the IMF and the World Bank Group.

The governor informed participants about the significant progress Pakistan had made in stabilising its economy before the outbreak of the Middle East conflict. He emphasised that a prudent monetary and fiscal policy mix had helped bring down and stabilise inflation within the target range, while strengthening the country&#39;s fiscal and external buffers.

Ahmad stated that during the first nine months of the ongoing fiscal year, inflation averaged 5.7%, the external current account balance remained in surplus, and the SBP&#39;s foreign exchange reserves strengthened to $16.4 billion, mainly due to the SBP&#39;s purchases from the interbank foreign exchange market.

He highlighted that with continued SBP purchases and the realisation of official inflows, including under fresh bilateral arrangements, the SBP&#39;s foreign exchange reserves are expected to strengthen further to about $18 billion by June 2026.

The governor explained that the improved macroeconomic stability has supported a gradual, sustainable and broad-based recovery in economic growth. Real GDP registered a broad-based acceleration to 3.8% during the first half of FY26, compared with 1.8% recorded in the first half of the last fiscal year.

Ahmad emphasised that the prudent policy direction meant that Pakistan&#39;s initial conditions are significantly stronger today than during previous periods of external shocks, such as the Russia-Ukraine conflict in early 2022.

He noted that these better initial conditions have put the economy in a stronger position as it now faces challenges stemming from recent developments in the Middle East, including the unprecedented surge in global energy prices and freight and insurance costs. However, he reaffirmed that the SBP and the government remain committed to preserving price stability and will not refrain from taking necessary measures to safeguard macroeconomic stability.

Ahmad noted that the SBP&#39;s monetary policy has been prudently cautious, with the real policy rate remaining significantly positive. Additionally, the government has posted primary fiscal surpluses. In the face of the ongoing conflict, it has implemented targeted subsidies and introduced demand-management austerity measures.

The governor also noted the staff-level agreement with the IMF for the third review of the Extended Fund Facility (EFF) and the second review of the Resilience and Sustainability Facility (RSF), as well as credit ratings reaffirmation by a major agency, as independent recognition of the government&#39;s and SBP&#39;s continued commitment to macroeconomic stability and the reform agenda.

During his visit, Ahmad also engaged with the Pakistani diaspora and global stakeholders at the Remittances and Roshan Digital Account (RDA) roadshow. He highlighted the milestone achievement of RDA inflows surpassing $12.4 billion across more than 917,000 accounts. He also outlined recent enhancements to the RDA regulatory framework, including the inclusion of non-resident entities, which are aimed at further integrating Pakistan into global financial markets and attracting a broader range of foreign investment into the country.]]>
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			<title>Gold falls Rs3,300/tola in local market</title>
			<link>https://tribune.com.pk/story/2603377/gold-falls-rs3300tola-in-local-market</link>
			<comments>https://tribune.com.pk/story/2603377/gold-falls-rs3300tola-in-local-market#comments</comments>
			<pubDate>Fri, 17 Apr 26 20:51:25 +0500</pubDate>
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				<![CDATA[Our Correspondent]]>
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			<description>
				<![CDATA[Global prices rise on weaker dollar, easing geopolitical risks amid potential Iran deal]]>
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				<![CDATA[Gold prices in Pakistan fell on Friday, tracking a divergence from the international market where bullion extended gains on the back of a weaker dollar and easing geopolitical risks after signals of a potential Iran deal.

In the local market, the price of gold per tola dropped by Rs3,300 to settle at Rs501,562. Similarly, 10-gram gold declined by Rs2,829 to Rs430,008, according to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association. The decline comes a day after gold surged to Rs504,862 per tola on Thursday, reflecting volatility in domestic pricing amid shifting global cues and currency dynamics. Meanwhile, silver prices also fell by Rs70 to Rs8,444 per tola.

In contrast, the international market maintained upward momentum. Spot gold rose 1.5% to $4,860.39 per ounce during early US trading hours and was up more than 2% for the week, according to Reuters. US gold futures also climbed 1.6% to $4,883.20 per ounce.

Analysts attributed the global rally to a softer US dollar and reduced inflation concerns after comments from Iran&#39;s foreign minister suggested that the Strait of Hormuz would remain open during the ceasefire, easing fears of supply disruptions and pushing oil prices lower. Market participants also took cues from expectations of progress on a potential agreement involving Donald Trump, which further supported sentiment in bullion markets.

Adnan Agar, Director at Interactive Commodities, noted that gold has regained upward traction amid improving geopolitical clarity. He said the metal is currently hovering near key resistance levels, with $4,890 acting as a crucial hurdle.

&quot;If gold closes above $4,890, it could target $5,000 and even $5,200 in the coming sessions,&quot; he said, adding that the easing of tensions surrounding Iran has reduced downside risks and may support a gradual upward trend unless fresh geopolitical triggers emerge. Agar projected that gold could potentially extend gains towards $5,200-$5,400 before entering a consolidation phase.

Other precious metals also remained firm globally, with silver, platinum and palladium heading for weekly gains, reflecting improved investor appetite for safe-haven assets amid shifting macroeconomic expectations. However, regional developments added a layer of complexity, as reports indicated that Indian banks have temporarily halted gold and silver imports due to delays in government clearances, potentially affecting short-term demand dynamics in the region.

Meanwhile, the Pakistani rupee posted a slight uptick in the interbank market on Friday, appreciating by 0.01% against the US dollar. By the close of trading, the currency settled at 278.92, gaining 0.03 against the greenback, according to the State Bank of Pakistan. A day earlier, on Thursday, it had closed at 278.95.

Globally, the US dollar was on track for a second straight weekly decline in subdued trading, as a ceasefire between Israel and Lebanon along with expectations of renewed Iran talks led investors to scale back safe-haven positions. In Asian markets, currencies largely moved within a narrow range, with investors awaiting further clarity, while the euro remained steady at $1.1783 against the dollar.]]>
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