Business
Pakistan International Bulk Terminal Ltd to handle Reko Diq’s copper-gold exports
KARACHI: Pakistan International Bulk Terminal Ltd (PIBTL) on Monday signed an agreement with Reko Diq Mining Company (RDMC) for the handling and export of its copper-gold concentrates.
The signing follows PIBT’s execution of a Supplemental Implementation Agreement with the Port Qasim Authority (PQA), enabling PIBT to handle, store, and export copper-gold commodities, including minerals, metals, and other natural earth resources, said a press release.
PIBT will serve as the primary logistics and export gateway for Reko Diq’s mineral output, reinforcing Pakistan’s position as a regional mineral hub. The project is scheduled to commence operations from 2028 onwards.
PIBT CEO Sharique Azim Siddiqui said this agreement would enable exports from one of the world’s most significant mining projects and serving as a cornerstone for national economic growth.
Barrick Mining Corporation’s Group COO and Interim President and CEO Mark Hill said the agreement with PIBT marks another step forward in ensuring that Reko Diq delivers lasting value to all our stakeholders but particularly the people of Balochistan and Pakistan.
Published in Dawn, December 16th, 2025
Business
Policy rate cut too meagre to address major challenges, industry leaders complain
Business
Centre asks provinces to ‘fully implement’ interim wheat policy
• Food minister says provinces must maintain strategic wheat reserves in line with population
• Senate panel informed strict monitoring prevented crop failures
• Lawmakers concerned over research gap, point out lack of efforts to boost donkey farming
ISLAMABAD: The federal government has asked provincial governments to fully implement the interim national wheat policy 2025-26 within their respective jurisdictions to safeguard the rights of wheat farmers and flour consumers.
The advice came at the conclusion of the first meeting of the National Wheat Oversight Committee formed under the interim wheat policy, chaired by Minister for National Food Security and Research Rana Tanveer Hussain, in Islamabad on Monday.
At the same time, the minister emphasised that all provincial governments must maintain strategic wheat reserves in accordance with their population requirements to ensure food security. It may be noted that the interim policy remains under wraps, but a few weeks ago, the government shared a new roadmap for wheat procurement.
In September this year, the federal government unveiled the ‘National Wheat Policy and Wheat Management Strategy’ for 2025-26 to serve as a long-term plan to ensure food security, safeguard farmers’ livelihoods, protect consumers and build resilience against market disruptions and climate-induced emergencies. At the time, the food minister had said the wheat policy would be finalised and adopted after comprehensive consultations with all stakeholders.
Food minister says provinces must maintain strategic wheat reserves in line with population
During the meeting on Monday, Mr Tanveer highlighted the strategic importance of wheat in meeting the country’s food requirements and emphasised the need for increasing wheat cultivation to ensure national food security. Detailed deliberations were held on the procurement mechanism for the upcoming wheat crop in line with the policy’s objectives.
He also stressed the importance of including the private sector in the wheat value chain to create new business opportunities and generate employment, particularly for the youth. The meeting was attended by provincial and regional secretaries of food and agriculture, along with senior officials from relevant departments.
Senators briefed on crop monitoring
Separately, the Senate Standing Committee on National Food Security and Research was informed on Monday that due to strict monitoring mechanisms, Pakistan did not face any major wheat or rice crop failure caused by diseases, such as yellow rust.
The committee reviewed the latest research undertaken by scientists at the Pakistan Agricultural Research Council and the National Agricultural Research Centre regarding newly evolved seed varieties and assessed the progress of the Green Pakistan Initiative (GPI), with particular emphasis on the livestock sector.
About 1,500 wheat lines and 500 rice lines are regularly monitored under the Crop Diseases Research Institute (CDRI) to prevent the spread of crop diseases under the mechanism developed by the Pakistan Agricultural Research Council and the National Agricultural Research Centre. The standing committee was briefed about these initiatives during its visit to the National Agriculture Research Centre (NARC).
At the research centre, the committee members were apprised of the functioning of various scientific laboratories and research institutions. A comprehensive briefing was given on the functions, mandate, and working of PARC and NARC.
The committee visited the NARC and received briefings on the functioning of various scientific laboratories and research institutions. During the visit to the Land Resource Research Institute, the committee was briefed on bio-fertilisers and training initiatives being undertaken by NARC to enable farmers to produce bio-fertilisers independently.
The committee appreciated the wheat and pulses speed breeding facilities but expressed concern over the widening research gap due to climate change. Committee Chairman Senator Syed Masroor Ahsan directed PARC to focus on promoting smart agricultural practices and developing climate-resilient seed varieties.
Emphasising the promotion of smart agriculture, fisheries development, and bridging the gap between research and farmers, the committee chairman directed the authorities to intensify efforts towards national development and economic strengthening through agricultural and livestock research and development. Mr Ahsan further stressed that each and every media source should be used to create awareness among the farmers so that they may benefit from the latest research.
The committee highlighted that although agriculture was a devolved subject after the 18th Amendment, effective coordination between the federation and provinces in the agriculture and livestock sectors was essential.
The committee also received a comprehensive briefing on the GPI, particularly focusing on the livestock sector. Members were briefed on initiatives, including animal tagging and the establishment of model animal markets. It was informed that Pakistan was the “third-largest milk producer” in the world.The committee raised questions regarding donkey farming initiatives for meat and skin exports and pointed out the lack of organised efforts to develop this sector.
Published in Dawn, December 16th, 2025
Business
Businesses panic as transporters’ strike ‘cripples’ supply chains
KARACHI: Businessmen fear economic activity in the port city and the province will come to a standstill and local production will shut down due to a nine-day-old cargo transporters’ strike, which has disrupted the movement of goods across the province.
Representatives of multiple business bodies urged the Sindh government to intervene and address the situation stemming from the strike, which has a crippling impact on industrial production and supply chains.
In a letter to the Sindh chief minister, Overseas Investors Chambers of Commerce Industry (OICCI) Secretary General Abdul Aleem said the situation was a very serious concern for the industry and commerce in the country.
He said he had raised this matter on Dec 12 with the Punjab and Sindh chief secretaries, but it partially eased the situation in Punjab only. However, the situation in Sindh and Karachi port, inward and outward movement of goods, has remained unchanged, he added.
“Many of our members have reported that trucks from Punjab are still unable to enter Karachi and port operations have also been severely constrained, and several major manufacturing facilities are now at imminent risk of shutdown,” he informed the Sindh CM.
Sindh CM urged to intervene to address issue as cargo unions announce nationwide boycott on 19th
“One OICCI member reported production lines shutdown this morning, with some others anticipating closures between tomorrow (Tuesday) and Wednesday,” he said, adding that “OICCI members further report that essential raw materials and finished goods are stranded across highways”.
According to Pakistan Vanaspati Manufacturers Association (PVMA) Chairman Sheikh Umer Rehan, the supply of edible oil, ghee and essential daily-use commodities has been affected, while the transportation of industrial raw materials has come to a halt.
Mr Rehan warned the suspension of raw material supplies could paralyse the production process, leading to severe repercussions for the economy. He said the delivery of imported goods had come to a complete standstill, resulting in consignments being stuck at ports and exposing businesses to substantial financial losses in the form of demurrage and detention charges.
Pakistan Association of Large Steel Producers General Secretary Wajid Bukhari said the goods transporters’ strike had a crippling impact on industrial production and supply chains. Prolonged disruption could result in layoffs, wage losses for workers, and long-term damage to Pakistan’s industrial credibility, he feared.
He urged the federal and provincial governments to engage in talks with the transporters, review the Motor Vehicle Ordinance 2025, and adopt a balanced approach that ensured road safety without paralysing the industry and production.
The current wave of protests by transporters began in response to the enforcement of the Motor Vehicle Ordinance 2025 on Dec 8, under which traffic authorities imposed increased fines, strict penalties, vehicle impoundment, and FIRs against drivers and transport operators. Transport unions argue that the ordinance has been implemented without adequate consultation and has made routine transport operations financially unviable.
While negotiations temporarily eased tensions in some areas of Punjab on Dec 13, major transport bodies, including the All Pakistan Transport Federation and allied goods transport associations, have now announced a nationwide wheel-jam strike on Dec 19 after expressing dissatisfaction with government assurances.
Transport leaders have warned that unless controversial clauses of the ordinance are withdrawn or substantially revised, goods and passenger transport across the country will remain suspended.
Published in Dawn, December 16th, 2025
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