Business

Pakistan’s Ambassador to China, Khalil Hashmi, recently welcomed a high-level Chinese delegation in Beijing. This group included representatives from 40 top firms in the pharmaceuticals, biotechnology, and healthcare sectors. The meeting took place at the Embassy of Pakistan, focusing on strengthening economic relations. Role of China Overseas Development Association The China Overseas Development Association was at the forefront of the delegation. Their primary objective was to deliver a detailed briefing on investment opportunities in Pakistan. The emphasis was on the dynamically growing sectors of the Pakistani economy. Highlights of the Karachi Conference This meeting was a precursor to the 6th Pakistan-China Business-to-Business (B2B) Investment Conference. Set to occur in Karachi, the conference aims to enhance economic partnerships between Pakistan and China. It will delve into potential joint ventures in critical sectors, fostering mutual growth.

ISLAMABAD — Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal led a session of the National Price Monitoring Committee (NPMC) on Monday, focusing on reviewing current price trends to assess measures for inflation control. Strategies for Price Stabilization The meeting gathered key stakeholders to discuss strategies for stabilizing prices. A priority was ensuring the nationwide availability of essential goods. Participants extensively reviewed relevant data. Various policy measures were considered to address economic challenges from rising cost pressures. This collaborative approach is essential for maintaining market stability. Role of the National Price Monitoring Committee The NPMC acts as a crucial forum for government interaction with various sectors. Its primary goal is maintaining affordability and accessibility of products for the public. The outcomes of this meeting aim to guide future planning and development initiatives, fostering economic growth. Focus on Economic Stability Ahsan Iqbal highlighted the importance of collective efforts to manage price fluctuations and support economic stability. He emphasized the need for all sectors to contribute effective solutions. These efforts are vital for combating inflation and ensuring a steady economic landscape, benefiting consumers and the broader economy.

ISLAMABAD — Federal Minister for Planning, Development and Special Initiatives, Ahsan Iqbal, chaired an important meeting of the National Price Monitoring Committee (NPMC). The session focused on evaluating inflation trends nationwide and formulating strategies to stabilize the prices of essential commodities. Current Price Situation Review The committee conducted a detailed review of the current price situation. Discussions centered on strategies to ease citizens’ financial burdens. Emphasis was placed on prompt market interventions to manage price fluctuations. Importance of Timely Interventions Timely interventions are vital for controlling price variability. The meeting underscored the significance of effective market monitoring and strategic actions to ensure price stability. Planning and Policy Execution Attendees stressed the need for comprehensive planning and efficient policy execution. The primary goal is to protect the population, particularly vulnerable segments, from inflationary pressures. Stakeholders were urged to collaborate efficiently to meet these objectives.

ISLAMABAD — During the first eleven months of the fiscal year 2025-26, Pakistan’s exports totaled Rs 7,827,925 million, according to the Pakistan Bureau of Statistics (PBS). This figure reflects a 5.08% decrease compared to Rs 8,246,790 million recorded in the same period last year. Monthly Export Performance In May 2026, the year-on-year export growth was marginal at 0.39%, with exports reaching Rs 749,452 million. This marks a slight increase from the Rs 752,392 million recorded in May 2025. However, on a month-to-month basis, exports climbed significantly by 8.83%, from Rs 688,656 million in April 2026. Key Export Commodities In May 2026, primary export commodities included: Knitwear: Rs 124,251 million Readymade garments: Rs 115,407 million Bed wear: Rs 79,514 million Additionally, exports of cotton cloth reached Rs 40,641 million, rice products totaled Rs 31,511 million, and petroleum products amounted to Rs 14,955 million. Import Trends Between July and May, imports increased by 7.04%, reaching Rs 17,668,819 million, compared to Rs 16,506,992 million the previous year. In May 2026, imports were recorded at Rs 1,536,547 million, marking an 18.30% decrease from April 2026 and a 3.66% decline from May 2025. Significant import items included petroleum crude, valued at Rs 195,538 million, and petroleum products, totaling Rs 141,630 million.

ISLAMABAD — The Pakistan Stock Exchange (PSX) demonstrated a strong performance on Thursday. The benchmark KSE-100 Index surged by 887.19 points, marking a 0.49% increase. It concluded at 181,398.22 points, up from the prior close of 180,511.02 points. Robust Trading Volume The trading session experienced significant activity, with 1.242 billion shares exchanged in the ready market. This substantial volume indicates strong investor interest and robust participation. Factors Behind the Bullish Trend The ongoing bullish trend reflects increased market confidence. Analysts attribute the positive performance to several factors: Investor optimism Favorable economic indicators Heightened interest in the equity market Impact on the Equity Market The PSX’s notable gains underscore the rising interest in the equity market, as evidenced by the boosted trading activity.

ISLAMABAD — The Pakistani rupee experienced a minor appreciation against the US dollar, increasing by one paisa in interbank trading on Thursday. The Exchange Rate closed at Rs278.26, slightly higher than the previous day’s rate of Rs278.27, according to the Forex Association of Pakistan. Open Market Exchange Rates In the open market, the buying and selling rates for the US dollar showed small fluctuations. Although specific figures were not disclosed, these changes highlight the dynamic nature of currency exchange rates. Factors Influencing Exchange Rate Fluctuations The slight increase in the rupee’s value happens amid ongoing fluctuations in the foreign exchange market. These variations are often influenced by a range of economic conditions and shifts in financial policies.

ISLAMABAD — Dr. Kabir Ahmed Sidhu, Chairman of the Securities and Exchange Commission of Pakistan (SECP), has called on the Pakistan Mercantile Exchange (PMEX) to expedite the development of physically deliverable agricultural futures contracts. These contracts are intended to enhance the agricultural sector by improving pricing mechanisms and managing risk efficiently. Importance of EWR System Integration Dr. Sidhu emphasized the critical need to integrate agricultural futures contracts with an Electronic Warehouse Receipt (EWR) system. This system provides accurate, real-time data, ensuring transparency and efficiency in trading processes. Such integration aims to benefit producers and consumers within the agricultural market significantly. SECP’s Modernization Drive The initiative aligns with the SECP’s ongoing efforts to modernize Pakistan’s capital market infrastructure. By pushing these advancements, the SECP seeks to provide innovative financial solutions in key economic sectors, which is vital for improving overall sector performance.

PESHAWAR — The Khyber Pakhtunkhwa Revenue Authority (KPRA) hosted its fourth Consumer Rewards Scheme draw on Thursday. Event Highlights Director General Irum Naz oversaw the event, ensuring a transparent digital process for selecting 50 winners. This scheme aims to encourage tax compliance and enhance economic participation in the region. Key Attendees Among the attendees were Muhammad Abbas Khan, Collector Sales Tax on Services, and Naimatullah, Director Legal, Tax Policy and Reforms. Their presence highlighted the initiative’s importance for the province’s economic growth. Scheme Goals The Consumer Rewards Scheme primarily seeks to inspire citizens to comply with tax regulations. By offering incentives, it raises awareness and supports greater involvement in the formal economy.

ISLAMABAD — Finance Minister Senator Muhammad Aurangzeb announced that Pakistan’s GDP growth has risen to 3.7% for the outgoing fiscal year. This marks an increase from last year’s 3.1% and indicates a move towards sustainable growth. Emphasis on Economic Stability During the concluding session of the Federal Budget 2026-27 debate, Aurangzeb emphasized the importance of achieving macroeconomic stability. He described this milestone as critical in securing Pakistan’s long-term economic stability. Strategies for Future Growth The government aims to maintain and advance the current positive economic momentum. Moving forward, it plans to implement policies that focus on growth and stability. Enhancing investment frameworks Strengthening fiscal policies Encouraging corporate growth These measures are part of a larger strategy to ensure further economic achievements in the upcoming years.

QUETTA — Balochistan Chief Minister Mir Sarfraz Bugti has directed the Quetta Electric Supply Company (QESCO) to ensure a continuous and stable electricity supply throughout the province. This directive was issued in a meeting held with a QESCO delegation led by Abdul. Commitment to Stable Electricity The Chief Minister stressed the importance of utilizing all available resources to maintain uninterrupted power for residents. The meeting highlights the provincial government’s commitment to addressing public concerns regarding power shortages. Immediate Action Required QESCO officials have been urged to swiftly implement measures to stabilize the electricity distribution system. This involves tackling existing challenges and ensuring a consistent power supply across the region. Infrastructure and Coordination Improvements Discussions focused on improving infrastructure and enhancing coordination among stakeholders. These efforts are intended to boost the operational efficiency of the power distribution network, ensuring reliable electricity for Balochistan’s residents.