Pakistan’s Rice Exports Struggle as Global Competition Intensifies
Pakistan’s rice exports have faced a major setback in the first five months of the ongoing fiscal year, as tougher global competition and rising local costs continue to hurt the sector. Official data shows that both basmati and non-basmati rice shipments have dropped sharply, raising concerns among growers and exporters about the country’s position in […]
Trade Gap Widens as Pakistan’s Regional Exports Lose Momentum
Pakistan’s trade imbalance with its neighbouring countries has expanded sharply in the early months of the current fiscal year, reflecting weakening regional exports and rising import dependence. New figures from the State Bank of Pakistan show that the trade deficit with nine nearby countries climbed to over $6.2 billion during the first five months of […]
IFC Makes History with First Rupee-Based Deal to Boost Pakistan’s Agriculture
The International Finance Corporation (IFC) has taken a major step in Pakistan by backing its first-ever investment in local currency, aimed at strengthening the country’s agriculture sector and improving food security. The move supports long-term rupee financing for Engro Fertilisers through Standard Chartered Bank Pakistan. Under the arrangement, IFC has provided a Partial Credit Guarantee […]
IMF Says Pakistan’s Federal Tax Growth to Stay Flat; Provinces to Drive Future Revenues
Pakistan’s federal tax revenue is expected to show little improvement over the next five years, according to a new assessment by IMF. The Fund said that despite a noticeable jump in the tax-to-GDP ratio in FY25, most future revenue growth will come from provincial taxes not federal collections. The IMF noted that FBR receipts increased […]
Millat Tractors to Export Own-Brand Tractors to Africa Under New Global Deal
Millat Tractors Limited has announced a major step toward expanding its global reach after signing a new agreement with Massey Ferguson Corp. and AGCO Limited. The deal gives Millat Tractors official rights to export tractors to African markets directly under its own trademark, marking an important milestone for the company and the country’s industrial sector. […]
Pakistan’s Kinno Exports Face Major Setback as Freight Costs and Border Issues Limit Growth
Pakistan’s citrus industry expects another difficult export season, with kinno exports forecast at only 400,000 to 450,000 tonnes for 2025–26. The expected volume remains far below the country’s export potential of nearly 800,000 tonnes. According to exporters, higher freight charges, border complications, and limited government support continue to hinder the industry’s progress. Sources say exports […]
Lucky Cement Consortium Moves Forward in PIA Privatisation Bid
Lucky Cement Limited has taken a major step toward participating in the privatisation of Pakistan International Airlines Corporation Limited (PIACL). The company announced that its board has approved joining the bidding process as part of a consortium, clearing the way for the submission of a financial offer later this month. In its notice to the […]
Engro Secures Major $475m Islamic Financing Deal to Expand Telecom Tower Network
Engro has strengthened its position in Pakistan’s telecom sector with a landmark $475 million transaction, fully financed through Islamic banking. The funding has supported the inclusion of Deodar and its network of over 10,000 telecom towers into Engro’s infrastructure portfolio. Industry observers say this development marks one of the biggest Shariah-compliant financing deals ever completed […]