Pakistan Refinery Limited will import its first cargo of Nigerian Bonny Light crude from Vitol in September, two sources familiar with the matter said, as Asian refiners shift towards cheaper alternatives to Middle Eastern oil.
The 500,000-barrel, light-sweet crude cargo is expected to load later this month and arrive in...
Minister of State for Finance Bilal Azhar Kayani said Pakistan has secured the lowest tariff rate in South Asia—19 per cent—following a trade agreement with the United States, a move expected to boost exports.
The minister, Thursday, told the National Assembly during question hour that the 19 per cent tariff...
Pakistan is seeking a valuation of at least $1 billion for the Roosevelt Hotel it owns in New York and is ready to part with a minority stake in the prime Manhattan property as it scouts for a redevelopment partner, a senior government official said.
Named after former US President...
Federal Minister for Commerce Jam Kamal Khan met with Bangladesh High Commissioner Iqbal Hussain Khan to explore deeper bilateral cooperation in trade, energy, logistics and industrial linkages.
The high commissioner shared insights from his recent visits to Pakistan's industrial hubs, where he received enthusiastic response from local business chambers.
The discussions...
Pakistan’s pharmaceutical sector foresees a window of opportunity to enhance its exports manifolds to the United State of America (USA) after announcement of new tariff policy for various countries which provides a competitive edge to Pakistan against neighbouring economies.
Pakistan has been imposed a tariff of 19 percent for exporting...
A day after signing an agreement with the United States to develop “massive oil deposits” in Pakistani territory, Pakistani officials said the two nations had concluded a trade deal on Thursday, establishing a uniform tariff rate for bilateral trade.
“The agreement will result in a reduction of reciprocal tariffs, especially on Pakistani...
Finance Minister Senator Muhammad Aurangzeb is returning to Washington on Tuesday to conclude the final round of negotiations under the Pakistan-US Trade Dialogue, as the two countries move closer to signing a crucial bilateral trade agreement.
In a statement shared with the media in Washington, the finance ministry described the...
Pakistan and Kyrgyzstan have pledged to expand bilateral trade to $100 million and signed multiple agreements to boost cooperation in trade, energy, health, investment, and education during the 5th Session of the Inter-Governmental Commission (IGC) held in Islamabad.
According to an official statement released on Monday, the meeting, co-chaired by...
Pakistan and China on Monday held talks on aligning their cooperation in nuclear energy and space research with broader development goals.
The development came as Minister for Planning, Development and Special Initiatives Ahsan Iqbal met with China Atomic Energy Authority and China's Space Agency Chairman Shan Zhongde.
"The meeting focused on...
The Pakistani rupee maintained its upward momentum against the US dollar, appreciating 0.13% during the opening hours of trading in the inter-bank market on Friday.
At 10am, the currency was hovering at 281.85, a gain of Re0.37.
On Wednesday, the rupee had closed at 282.22.
The inter-bank was closed on Thursday on...
