Bottlenecks and resulting supply shortages to persist for some time

It might be a long wait before prices stabilize for everyone This whole year has been nothing less than apocalyptic for several economies. Port congestions brought forth series of business conundrums, aggravated by climate-related pressures. Soaring shipping rates also became the public enemy. Obsession with inflation warranted When port congestion dominated headlines, many businesses were either […]

Indonesia made up the steel shortfall for China

Steel-Industry

China’s declining steel supply became an opportunity for Indonesia The United Kingdom-based steel analyst, MEPS, increased its global crude stainless steel production forecast to 56.8 million tones for 2021. It observed that Indonesia had also overtaken India to be the second largest stainless steel producer. The stage for 2022’s growth China was battered by an […]

Historic step – Islamabad-Tehran-Istanbul Road Corridor Becomes Operational for Trade

historic-step-islamabad-tehran-istanbul-road-corridor-becomes-operational-for-trade

ISLAMABAD – The first two National Logistics Company (NLC) Trucks carrying goods from Pakistan reached Turkey via Iran, under the Transports Internationaux Routiers (TIR) convention. A ceremony was held on Friday at Murat Bey Customs Post in Istanbul to mark the launch of the tri-nation road corridor. The NLC trucks departed from Karachi on September […]

Nausheen Javaid officially new FBR Chairperson

KARACHI: The Establishment Division, Government of Pakistan, has terminated the appointment of Syed Muhammad Shabar Zaidi as Chairman Federal Board of Revenue (FBR) and appointed Ms. Nausheen Javaid Amjad as the new Chairperson of FBR with immediate effect. Ms. Nausheen Javaid Amjad (BS-22) is presently posted as Member (Admin) FBR with additional charge of Chairperson […]

ECC bans wheat export from Pakistan

ISLAMABAD: The federal government on Wednesday decided to impose a ban on export of wheat and wheat flour amid rising concern over the price hike trend of roti and other wheat products in the wake of low wheat production in the country. The cabinet’s Economic Coordination Committee (ECC), headed by Adviser to Prime Minister on […]