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...
US President Donald Trump said on Wednesday his administration struck a deal with Pakistan in which Washington would work with Islamabad in developing the South Asian nation’s oil reserves.
“We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on...
Gold prices rebounded on Thursday from a one-month low hit in the previous session, as trade uncertainty stemming from fresh U.S. tariff announcements lifted bullion’s appeal, even as expectations of a U.S. rate cut in September eased.
Spot gold was up 0.5% at $3,292.24 per ounce, as of 0230 GMT. Bullion...
The International Monetary Fund (IMF) on Tuesday raised its global growth forecasts for 2025 and 2026 slightly, citing stronger-than-expected purchases ahead of an Aug 1 jump in US tariffs and a drop in the effective US tariff rate to 17.3pc from 24.4pc.
It warned, however, that the global economy faced...
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...
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...
Deputy Prime Minister and Foreign Minister (DPM/FM) Ishaq Dar is slated to meet US Secretary of State, Senator Marco Rubio on Friday (today) in Washington DC to cover a wide range of bilateral and regional issues, including Pakistan-India tension, de-escalation, Pakistan-India ceasefire agreement, and regional development.
“Discussions will emphasise the...
Federal Minister for Power, Sardar Awais Ahmad Khan Leghari, has announced that the Competitive Trading Bilateral Contract Market (CTBCM) will enter its final implementation phase within the next two months.
The Minister made this statement during a meeting with a high-level World Bank delegation, led by Ousmane Dione, the Regional...
The Pakistani rupee strengthened against the US dollar, appreciating 0.42% during the opening hours of trading in the inter-bank market on Friday.
At 10:30am, the currency was hovering at 283.03, a gain of Rs1.19.
On Thursday, the currency settled at 284.22.
Globally, the US dollar steadied near two-week lows on Friday, on track for its...
The government said on Tuesday that the new buyer of the Pakistan International Airlines would require investing up to Rs70 billion in the loss-making airline over a period of five years but final investment needs would be assessed only after the audited accounts are available next month.
Privatisation Commission secretary...
