Author: Admin

Exporters’ travails

Admin

Pakistan Bureau of Statistics (PBS) has revealed a significant rise in exports of 8.44 percent in July 2025 over June 2025 and 16.43 percent over July 2024 in dollar terms. However, trade deficit increased by 29.43 percent in July 2025 against July 2024 and by 10.57 percent over June 2025 — a rise that is attributable to an increase in imports by 23.13 percent in July 2025 as opposed to July 2024 and 9.58 percent against June this year. This indicates that the boom-bust cycle remains in force — a…

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Floods could strain Pakistan’s economy and disrupt food supplies, warns finance ministry

Admin
petroleum

The finance ministry on Thursday warned that Pakistan’s economy faces risks from flood-related damages, which may add fiscal pressures and disrupt food supplies in affected areas. The ministry, in its latest monthly economic outlook, said that Pakistan’s economy entered FY2026 with stable macroeconomic conditions and improved growth prospects, supported by a stronger external and fiscal position. “On a YoY basis, LSM [large scale manufacturing] has been on a steady recovery since April 2025, peaking in June, and is expected to gain further momentum with improvements in automotive and fertiliser output,”…

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US natural gas extends losses

Admin

NEW YORK: US natural gas futures fell for a third straight session on Tuesday, as mild weather forecasts and ample supplies kept pressure on the market. Front-month gas futures for September delivery on the New York Mercantile Exchange fell 1percent to USD2.80 per million British thermal units at 10:03 a.m. EDT (1403 GMT). The contract fell on Monday to its lowest since November 4, 2024. Analysts said prices remained under pressure with weather trends pointing to limited demand and little fundamental support for a sustained rebound. Financial firm LSEG estimated…

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Oil ticks up on US crude stocks drop, impact of US tariffs on India

Admin
Oil price

HOUSTON: Oil prices edged higher on Wednesday on a larger-than-expected drop in U.S. crude inventories and the potential impact of new U.S. tariffs on India. Brent crude futures were up 43 cents, or 0.6%, at $67.65 a barrel by 10:58 a.m. ET (1458 GMT). West Texas Intermediate crude futures gained 50 cents, or 0.8%, to $63.77. Both contracts fell by more than 2% on Tuesday. U.S. crude inventories dropped by 2.4 million barrels to 418.3 million barrels last week, the Energy Information Administration said, compared with analysts’ expectations in a Reuters poll…

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Pakistan plans to use solar to power Gwadar Port

Admin

Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry, on Wednesday said that efforts are underway to implement solar-based solutions for Gwadar Port, a key part of the multi-billion-dollar China-Pakistan Economic Corridor (CPEC) initiative. The federal minister announced the development during a meeting on the port’s operationalisation, attended by Chairman Gwadar Port Authority (GPA), Noorul Haque Baloch, Chairman of Chinese company COPHCL, My Yu Bo, along with Additional Secretary of the Ministry of Maritime Affairs, Umer Zaffer Shaikh, and others, read an official statement. During the meeting, the minister confirmed…

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