Staff Report Islamabad: Engro Fertilizers (EFERT) held its 2Q2025 Corporate Briefing on Monday, where management discussed financial performance and outlook. Management expects industry inventory to stay above 1 million tons by Dec 2025 if exports are not allowed, with current urea inventory around 1.3 million tons. Regarding urea exports, the company shared that a meeting…
Staff Report Islamabad: As sugar prices continue to rise, the sugar millers have skipped the hearing scheduled by the Competition Commission of Pakistan (CCP). After the government allowed the export of sugar, prices had surged to Rs 200 per kg, causing controversy. The millers had committed not to increase sugar prices after the government allowed…
The Pakistani Rupee continued its upward momentum against the US Dollar for the ninth consecutive trading day, closing in green on Monday. It also gained ground against the British Pound in interbank trade. According to market data, the interbank exchange rate improved to 282 per dollar during the session and held firm until market close….
Staff Report Islamabad: Pakistan’s urea sales in July 2025 are estimated at 608k tons, slightly down 1% YoY compared to 612k tons in July 2024, mainly due to weak farm economics and the ongoing monsoon season. However, on a MoM basis, sales increased 4% as compared to June 2025, despite the end of the Rabi…
Pakistan seeks Written assurance from UAE regarding nominated entity to run Islamabad international airport M Ali Islamabad: Pakistan is set to hand over the management and operational control of Islamabad International Airport to UAE government. Sources told Newstoday92.com that Pakistan and UAE government are negotiating a deal to hand over management and commercial control of…
M Ali Islamabad: As pilgrims face restrictions on road travel due to the deteriorating law and order situation in Balochistan, Iran has agreed to Pakistan’s proposal to launch the first ferry service between the two countries. Every year, 700,000 to 1,000,000 Pakistani Zaireen travel to Iran and Iraq. If even 20% opt for ferries in…
By M Ali Islamabad: The traders are going to benefit from sugar import this time. Sugar miller have already pocketed billions through export of sugar and raising prices in domestic market. Food Ministry has announced to import 0.2 million tons of sugar to offload in market to overcome sugar prices. So, first millers had pocketed…
Gold prices in Pakistan fell on Thursday following a drop in the international bullion market. The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) reported that the price of gold per tola decreased by Rs2,000, settling at Rs353,000. The price of 10-gram gold also saw a decline of Rs1,714, reaching Rs302,641. The fall in local prices…
Staff Report The bulls stormed back to the trading floor today, fuelled by a surge of optimism after U.S. President Donald Trump unexpectedly tweeted about striking a “historic” trade deal with Pakistan. The announcement — aimed at boosting bilateral trade, expanding market access, and drawing significant U.S. investment — ignited a broad-based rally across the…
The Pakistani Rupee (PKR) saw a modest rise against the US Dollar (USD) in the interbank market on Thursday, closing at PKR 282.87, an increase of 8 paisa or 0.03% from the previous day’s rate. During trading, the currency showed relative stability, moving between a bid of 283.0 and an ask of 285.7, indicating a…
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