LAHORE, October 23 – Lahore Chamber of Commerce and Industry (LCCI) President Faheem Ur Rehman Saigol met Federal Minister for Commerce Jam Kamal Khan and Prime Minister’s Special Assistant on Industries and Production Haroon Akhtar Khan to discuss key economic issues faced by the business community. Read More: “Pakistan’s Economic Success: Inflation Drops, Growth Projections […]
trade
Finance Minister Aurangzeb: Pakistan Not Dictated by IMF
Pakistan’s Finance Minister Muhammad Aurangzeb has rejected suggestions that the International Monetary Fund (IMF) dictates Islamabad’s policy decisions, asserting that the government acts solely in the national interest. Speaking at a press conference in Washington, Aurangzeb said Pakistan’s economic stability is tied to national security, adding that unrest or border tensions directly impact the economy. […]
Ceasefire Brings Calm to Pak-Afghan Border, Trade Still Halted
Calm has returned to the Pak-Afghan border after Pakistan and the Afghan Taliban agreed to extend a ceasefire. No new clashes were reported from the Chaman sector, where intense fighting had broken out last week. The border has been closed for six days, but Pakistan partially reopened the Red Zone area to allow undocumented Afghan […]
Pakistan Exempts 57 Items from Certificate of Origin for Trade with Iran
QUETTA – In a major move to strengthen trade ties with Iran, Pakistan’s Ministry of Commerce has exempted 57 items from the requirement of a Certificate of Origin (COO). The decision was announced during a virtual meeting between the Special Investment Facilitation Council (SIFC) and private sector representatives. The meeting was chaired by Member Customs […]
Pakistan’s Exports Decline, Trade Deficit Hits $9.4 Billion in Q1 FY2025–26
ISLAMABAD –Official data shows that Pakistan’s exports from 30 out of 71 key sectors fell during the first quarter of fiscal year 2025–26, contributing to slower export growth and an increasing trade deficit. According to the Pakistan Bureau of Statistics (PBS), the trade deficit surged to $9.4 billion between July and September. Exports declined by […]
China Defends Russian Oil Purchases, Slams US Trade Measures
BEIJING – China on Thursday defended its purchases of Russian oil as “legitimate” and criticised the United States for “unilateral bullying” amid rising tensions over trade and energy policies. The statement came after former US President Donald Trump said Indian Prime Minister Narendra Modi promised to stop buying Russian oil, and claimed he would pressure […]
Pakistan welcomes largest-ever container ship
Pakistan’s maritime industry reached a historic milestone as Karachi’s Hutchison Ports terminal received the largest container ship ever to dock in the country — the MSC Micol, a 400-meter-long vessel operated by the Mediterranean Shipping Company (MSC) with capacity for over 24,000 containers (TEUs). The arrival marks a new era for Pakistan’s port infrastructure, aligning […]
Pakistan, US Move Ahead with Rare Earth Deal amid PTI’s ‘Secret Pact’ Outcry
WASHINGTON/ISLAMABAD — Pakistan’s strategic and economic partnership with the United States is entering a new phase, as both sides advance toward implementing a landmark deal for the export of rare earth minerals — a sector that could reshape the country’s industrial future. The development follows the first consignment of mineral samples dispatched to the US […]
AI’s Trade Boom
The World Trade Organisation (WTO) recently estimated that by 2040, artificial intelligence could lift global trade flows by almost 40 per cent and expand global GDP by 12-13 per cent. These are staggering figures-comparable to the arrival of containerization in the 20th century or the Internet revolution of the early 2000s. Yet, as I argue […]
German envoy discusses climate action, trade with Punjab CM
German Ambassador to Pakistan Ina Lepel called on Punjab Chief Minister Maryam Nawaz Sharif, on Sunday. Matters relating to the promotion of education, innovation in curriculum, and opportunities for Pakistani students in Germany were discussed. The CM highlighted Germany’s vital role as a partner in climate action, women empowerment, social protection, and human development. She […]