Pakistan’s Trade Deficit Widens Sharply Amid Rising Imports, Falling Exports ISLAMABAD – Pakistan’s trade deficit expanded significantly in the first quarter of the current fiscal year, driven by a surge in imports and a decline in exports, official data showed. According to figures released by the Pakistan Bureau of Statistics (PBS), imports between July and […]
Pakistan, Russia Move Closer to Overland Trade Corridor Pakistan and Russia are taking a big step toward boosting trade with a new overland rail route connecting Karachi Port to Moscow. The route, planned under the 9th Intergovernmental Commission (IGC), will pass through Iran, Turkmenistan, and Kazakhstan. A key milestone came in May 2025 when Pakistan […]
Pakistan, Bangladesh Step Up Trade and Diplomatic Engagement Islamabad/Dhaka – Pakistan and Bangladesh are witnessing renewed momentum in their bilateral relations, with recent meetings highlighting stronger trade, economic, and diplomatic cooperation. During a session with Dhaka Chamber of Commerce and Industry (DCCI) President Taskeen Ahmed and board members, Mr. Khan noted a sharp rise in […]
EU and Indonesia Seal Landmark Trade Deal to Boost Investment and Cut Tariffs Bali, Indonesia – The European Union and Indonesia have signed a major trade agreement aimed at opening up investment in key sectors, including electric vehicles, electronics, and pharmaceuticals. The pact was signed in Bali by EU Trade Commissioner Maros Sefcovic and Indonesian […]
Pakistan’s Petroleum Imports See Mixed Trends, Trade Deficit Widens KARACHI – Pakistan’s total petroleum imports for July-August 2025-26 dropped slightly to $2.54 billion, down from $2.66 billion during the same period last year, according to recent trade data. Breaking down the figures, imports of petroleum products rose sharply by 17.77 percent, climbing from $840.49 million […]
Pakistan-Iran Joint Economic Session Strengthens Ties Across Trade, Energy, and Culture ISLAMABAD – A high-level Pakistani delegation, led by Federal Minister for Commerce Jam Kamal Khan, met with their Iranian counterparts, headed by Minister for Roads and Urban Development Farzaneh Sadeq, to hold a Joint Economic Commission (JEC) session aimed at boosting bilateral cooperation. The […]
Trump and Modi Signal Optimism Over U.S.-India Trade Talks In a notable change in tone, former U.S. President Donald Trump said he looks forward to speaking with Indian Prime Minister Narendra Modi in the “upcoming weeks” and expressed confidence that a trade deal could be finalized. “I feel certain that there will be no difficulty […]
China’s Trade Chief to Visit Washington Amid Easing Tensions China’s top trade official, Li Chenggang, who also serves as vice minister of commerce, is set to travel to Washington to meet with key U.S. officials, the Chinese commerce ministry announced Wednesday. The visit comes as trade tensions between the world’s two largest economies have cooled […]
Trump’s 50% Tariffs on India Strain Ties Amid Russia Oil Dispute WASHINGTON/NEW DELHI – President Donald Trump has ramped up pressure on India over its energy trade with Russia, a major funding source for Moscow’s war in Ukraine. The sweeping new tariffs—set at 50 percent—mark some of the harshest trade measures against a U.S. partner, […]
Under the agreement, holders of diplomatic and official passports from both countries will be allowed to travel without a visa. The bilateral arrangement will remain in effect for a period of five years, officials confirmed. This move is expected to strengthen diplomatic ties and facilitate smoother official-level engagement between the two South Asian nations. Meanwhile, […]
