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610 stories · Page 9 of 21

Business📍 KHYBER PAKHTUNKHWA

India's IWT Violations Threaten KP Rice Crop as Farmers Seek World Bank Intervention

Farmers in Khyber Pakhtunkhwa are raising alarms over what they describe as Indian violations of the Indus Waters Treaty, warning that restricted water flows are directly imperilling the province's rice production ahead of the critical sowing season. Agricultural communities have called on the World Bank, the treaty's guarantor institution, to intervene and ensure compliance.

Business📍 PAKISTAN

Government to Pass Falling Global Fuel Prices Benefit to Consumers

Federal Minister for Energy Ali Pervaiz Malik announced on Saturday that the government intends to pass on the benefit of declining global fuel prices to Pakistani consumers, a commitment that would translate into reduced petroleum prices at domestic filling stations in the near term. The statement was made amid falling international crude benchmarks driven partly by reduced demand projections.

Business📍 ISLAMABAD

Finance Minister Assures Economic Recovery Intact Amid Regional Conflict

Finance Minister Muhammad Aurangzeb has declared that Pakistan's economic recovery trajectory remains on course despite the pressures arising from regional conflict, issuing assurances that the country's fuel supply chain will remain uninterrupted regardless of external disruptions. The minister made the remarks as concerns mounted among businesses and consumers about the stability of critical commodities in the current geopolitical environment.

Business📍 PAKISTAN

Ahsan Iqbal Urges Economic Victory to Follow Marka-e-Haq Military Success

Federal Minister for Planning Ahsan Iqbal has called on the nation to convert the momentum of Operation Marka-e-Haq into sustained economic progress, arguing that Pakistan must now pursue an economic victory with the same determination shown on the battlefield. Speaking publicly on Saturday, Iqbal drew a direct link between national security and economic strength, asserting that a country's true power rests not only on military capability but on the resilience of its economy, industrial base, and human capital.

Business📍 ISLAMABAD

Pakistan Reviews Export Rebate Framework Ahead of Federal Budget

The federal government has initiated a review of Pakistan's export rebate framework in the lead-up to the annual budget, with officials examining the structure of incentives offered to exporters across key industrial sectors including textiles, engineering goods, and value-added manufacturing. The review comes at a critical juncture as Pakistan seeks to sustain export momentum under its ongoing economic stabilisation programme, with the International Monetary Fund and domestic policymakers both stressing the need to shift toward sustainable, export-led growth rather than consumption-driven expansion.

Business📍 BEIJING / GLOBAL

China Aluminium Exports Surge 15 Percent as Iran War Hits Supply

China's aluminium exports jumped 15 percent in April as the ongoing war in Iran disrupted global supply chains and squeezed production capacity in competing markets, according to customs data. The conflict has created a significant gap in the global aluminium supply balance that Chinese producers are rapidly filling, extending their already dominant position in the metal's international trade.

Business📍 MIDDLE EAST

Trump Sanctions Squeeze Iran as Regime Reportedly Dumps Oil Into Gulf

Analysts and energy experts have raised concerns that Iran may be redirecting crude oil supplies into the Persian Gulf under pressure from the expanded US sanctions blockade, a development that could have significant implications for regional oil market dynamics and global energy pricing. The Trump administration's intensified economic campaign against Tehran has reportedly constrained Iran's ability to export crude through conventional channels, pushing the regime toward informal and potentially destabilising workarounds.

Business📍 GLOBAL

Oil Prices Dip One Percent in Volatile Middle East-Driven Trading

Global oil prices settled approximately one percent lower in a volatile trading session, as markets weighed competing signals from Middle East conflict escalation, diplomatic efforts toward a US-Iran deal, and demand-side concerns. The price movement reflects the extreme sensitivity of crude markets to the evolving geopolitical situation in the Gulf, where shipping route security, production disruption risk, and sanctions-related supply constraints are all active variables.

Business📍 PAKISTAN

SBP Extends Oil Import CIF Payment Relaxation Until July 10

The State Bank of Pakistan has extended its relaxation on the payment terms for oil imports on a cost, insurance, and freight basis until July 10, providing continued breathing room for oil marketing companies and energy sector importers managing foreign exchange and payment logistics under the prevailing global commodity volatility. The CIF basis relaxation allows importers to settle payment terms in a manner that eases the immediate foreign exchange demand at the time of cargo arrival, reducing pressure on the country's reserves at a moment when global oil prices remain elevated due to Middle East tensions.

Business📍 ISLAMABAD

Finance Minister Aurangzeb Says Key Indicators Remain on Track

Finance Minister Muhammad Aurangzeb has asserted that Pakistan's key macroeconomic indicators remain on track despite the turbulence created by escalating tensions in the Middle East, seeking to reassure markets, investors, and international partners that the country's stabilisation trajectory has not been materially disrupted. The Finance Minister pointed to improvements in inflation, foreign exchange reserves, current account data, and fiscal consolidation as evidence of resilience in the face of an adverse global environment.

Business📍 ISLAMABAD

Power Division Unveils Transparent Subsidy Mechanism for Consumers

The Power Division has unveiled a new transparent subsidy mechanism for electricity consumers, a reform intended to replace the existing opaque and often contested system of cross-subsidies with a more accountable, targeted, and verifiable framework. The new mechanism is designed to ensure that subsidies reach their intended beneficiaries, primarily lower income households and certain protected commercial categories, while eliminating the fiscal inefficiencies and leakage associated with blanket subsidisation.

Business📍 PAKISTAN

Super Tax Removal and WHT Rationalisation Recommended for Exporters

Industry and trade bodies have formally recommended the removal of the super tax on exporters and rationalisation of withholding tax obligations applicable to export-oriented businesses, arguing that the current tax burden is undermining the competitiveness of Pakistani exporters in international markets at a critical time for the country's external account recovery. The recommendations come ahead of the upcoming federal budget cycle and reflect long-standing demands from the textile, pharmaceutical, surgical instruments, and other export sectors for relief from levies that were originally introduced as emergency revenue measures but have since become embedded in the tax framework.

Business📍 ISLAMABAD

NEPRA Questions Key Aspects of Proposed Power Generation Plan 2025-35

The National Electric Power Regulatory Authority has raised substantive questions about the proposed Indicative Generation Capacity Expansion Plan for 2025 to 2035, signalling that the regulator has concerns about the feasibility, cost assumptions, and planning methodology underlying the government's ten-year power generation roadmap. NEPRA's scrutiny of the IGCEP is part of its regulatory mandate to ensure that capacity addition plans are economically sound, demand-aligned, and do not create additional fiscal pressure through unnecessary or poorly structured power purchase agreements.

Business📍 TOKYO, JAPAN

Toyota projects 20 percent annual profit fall as Iran war disrupts global supply chains

Toyota, the world's largest automaker by volume, has projected a 20 percent drop in annual profit, attributing the sharp decline primarily to the economic disruptions triggered by the Iran war, including elevated energy costs, supply chain dislocation, and weakened consumer demand across key markets. The forecast is among the starkest corporate assessments of the conflict's commercial fallout.

Business📍 EUROPE / MIDDLE EAST

IAG Warns Gulf War Will Dent British Airways Annual Profits

International Airlines Group, the parent company of British Airways, has issued a profit warning citing the ongoing Middle East conflict as a material threat to its annual financial performance. The airline group said the Gulf war is disrupting flight routes, inflating fuel costs, and suppressing passenger demand on affected corridors, with the combined impact expected to weigh significantly on full-year earnings.

Business📍 STRAIT OF HORMUZ

UAE Routes Oil Tankers Through Strait of Hormuz Amid Export Pressure

The United Arab Emirates has been quietly routing oil tankers through the Strait of Hormuz in a bid to sustain crude export volumes under mounting commercial pressure, according to reports that suggest the vessels were operating with obscured identification to avoid scrutiny. The reports indicate that with global oil demand signals weakening and OPEC-plus production dynamics creating revenue stress for Gulf producers, the UAE has been seeking to move crude through one of the world's most strategically sensitive waterways without drawing official attention.

Business📍 PAKISTAN

Finance Ministry, SBP Express Optimism Ahead of $1.2bn IMF Tranche

Pakistan's Finance Ministry and the State Bank of Pakistan have expressed measured optimism about the country's economic trajectory, citing expectations of a forthcoming $1.2 billion tranche from the International Monetary Fund as a stabilising signal for the broader economy. Senior officials from both institutions indicated that key macroeconomic indicators, including declining inflation, improving foreign exchange reserves, and a more stable current account position, are contributing to a cautiously confident outlook for the ongoing fiscal year.

Business📍 PAKISTAN

Pakistan Rejects Two Lowest LNG Bids in Latest Procurement Round

Pakistan has turned down the two lowest evaluated bids in its latest liquefied natural gas procurement tender, raising fresh questions about the country's energy sourcing strategy and supply security. The rejection of the most competitively priced offers is unusual in a procurement environment where cost minimisation is typically a primary criterion, and points to concerns over either cargo specifications, delivery schedules, or counterparty reliability.

Business📍 INDIA / MIDDLE EAST

India Moves to Protect Export Scheme as Iran War Disrupts Trade

India is preparing to reinforce a key export promotion scheme as the ongoing conflict involving Iran continues to cloud the country's trade outlook, according to government officials and industry sources. The measures are aimed at shielding Indian exporters from the cascading disruptions caused by elevated freight costs, rerouted shipping lanes, and reduced demand from Middle Eastern markets caught in the war's economic fallout.

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