Business
As the Middle East turmoil disturbs markets, Pakistan reduces its mango export objective by 30,000 tonnes.
In response to the fact that one of Pakistan’s most lucrative fruit exports is being threatened by conflict-related interruptions across the Middle East, skyrocketing freight costs, and climate-related crop losses, Pakistan’s mango exporters have reduced their export objective for this year by 30,000 tonnes, which is roughly 30 percent.
According to the Pakistan Fruit and Vegetable Exporters, Importers and Merchants Association (PFVA), exporters now anticipate shipping 80,000 tonnes of mangoes this season, which is a decrease from 110,000 tonnes the previous year. Additionally, export earnings are projected to fall to between $75 million and $80 million, which is a decrease from approximately $110 million the previous year.
It was on Sunday that the first shipments of mangoes from Pakistan were sent to markets outside of Pakistan, marking the official beginning of the export season.
There are a number of mango varieties that are native to Pakistan, including Sindhri, Chaunsa, and Anwar Ratol. Pakistan is the fourth largest mango grower in the world. One of the most significant horticultural exports from the country is the fruit, and the Gulf states are the country’s most important trading partners in the international market.
According to a statement released by the Patron-in-Chief of the PFVA, Waheed Ahmed, “the export target has been reduced to 80,000 tonnes from 110,000 tonnes last year.” This decision was made in light of the enormous problems that are currently being faced by the trade.
As a result of tensions involving Iran, Israel, the United States, and the wider Middle East, shipping routes have been disrupted, cargo movements have been delayed, and transportation costs have sharply increased across a region that serves as Pakistan’s most important mango market. This reduction comes at a time when exporters are struggling to deal with the fallout of these tensions.
Approximately 35 percent of Pakistan’s mango exports are destined for the Gulf region. In addition, exporters utilise overland trade routes that pass through Afghanistan, which is Pakistan’s neighbour, in order to access Central Asian markets.
According to Ahmed, exporters have become cautious as a result of the uncertainty surrounding regional crises.
His statement was that the Gulf crisis was the primary cause of this situation.
“Access to Afghanistan is absolutely restricted. There is also a crisis in Iran. In addition, there is a conflict going on in the Middle East.
“We are unable to predict what will take place tomorrow.”
Exporters have reported that the unrest in the region has resulted in a significant increase in the expenses of shipping.
According to the PFVA, the number of dollars charged for sea freight to Gulf destinations increased from approximately $1,200 to $1,400 per container during the previous season to as high as $6,000 to $7,000. The prices of air freight have also increased by more than twofold, reaching approximately two dollars per kilogram.
The Pakistan Stock Exchange turned bearish in early trade on Wednesday, with the KSE-100 index dropping over 600 points.
At the start of the third session of the week, the index had fallen more than 600 points to 168,732 points. Previously on Tuesday, the benchmark index showed an upward trend, increasing by 1,421.67 points (up 0.85%) to close at 169,392.33 points compared to 167,970.66 points in the previous session.
In the ready market, the trading volume was 372,016,000 shares as against 570,472,000 shares in the previous trade and the trading value was Rs 17,210 million as against Rs 24,672 million. The market capitalization increased to Rp 18,857 billion from Rp 18,728 billion the previous day.
The Federal Board of Revenue (FBR) has set targets for its field offices to accelerate the registration of traders under the Trader Friendly Easy Tax Scheme.
Field offices in major cities have been assigned responsibility for registering traders, according to sources.
Sources said FBR field offices will establish registration centres in major cities to facilitate traders under the scheme. So far, only around 200 traders have filed tax returns under the Easy Tax Scheme.
The number of returns submitted by traders under the scheme has remained below the set targets. As a result, FBR field formations have been tasked with increasing trader registration.
Sources said small traders would continue to receive relief even if they register after September 30. Meanwhile, around 5,000 traders have already registered through the app introduced under the scheme.
The Easy Tax Scheme is aimed at bringing small businesses and shopkeepers into the formal tax net and encouraging them to register with the tax authorities.
– From July to December 2025, the total loss of loss-making state-owned enterprises was recorded at Rs342.8 billion, while profitable state-owned enterprises earned a profit of Rs423.3 billion.
A meeting of the Cabinet Committee on State-Owned Enterprises was held under the chairmanship of the Finance Minister, in which the performance of SOEs was reviewed.
According to the Ministry of Finance, the government has provided support of Rs804 billion to SOEs, during this period the government received Rs839 billion from government agencies.
According to the announcement, overall, state-owned enterprises provided a net financial profit of Rs35 billion.
The committee directed for improving financial discipline in government institutions and reducing dependence on public resources.
It also directed for accelerating reforms in institutions that are continuously incurring losses.
The meeting also reviewed the operational weaknesses, circular debt, and financial risks of the power and infrastructure sectors.
According to the Ministry of Finance, the committee appreciated the progress made in the digital monitoring system of the performance of SOEs.
The meeting also approved the appointment of independent directors on the board of the Printing Corporation of Pakistan.
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