Tag Archives: Pakistan

WASHINGTON: A robust trade relationship between the United States and Pakistan is more important than ever to bolster Pakistan’s economic stability, says the US State Department as the two allies look for new options to go beyond strategic engagement and defence ties. On Thursday, they concluded the 9th meeting of the council of the US-Pakistan Trade and Investment Framework Agreement …

QUETTA: The Pak-Iran Joint Border Trade Com­mittee at a meeting agreed to remove hurdles, increase bilateral legal trade and implement the barter agreement for achieving the target of trade between the two countries. The Iranian delegation at the committee’s 10th meeting was led by Sistan-Balu­chestan’s Deputy Governor Dawood Shaharki while the Pakistani delegation was led by Customs Chief Collectors Abdul …

WASHINGTON: The US budget for 2023 has two small but significant provisions for Pakistan, including $15 million for improving security along the Afghan border and an unspecified amount of funds to promote gender equality in the country. The first pledge underlines Washington’s desire to help Islamabad curb terrorist attacks from Afghanistan that have become a major threat for Pakistan. The …

Pakistan and Uzbekistan on Monday finalised agreements to expand investment and increase bilateral trade to $1 billion. To this end, Commerce Minister Naveed Qamar and Uzbek Deputy Prime Minister Khodjave Jamshid Abdukhakimovich signed nine Memoranda of Understanding (MoUs). Talking to the media on the occasion, Qamar said the two countries had decided to implement the Preferential Trade Agreement from February …

LONDON: Nomura has warned that seven countries — Egypt, Romania, Sri Lanka, Turkiye, Czech Republic, Pakistan and Hungary —are now at a high risk of currency crises. The Japanese bank said that 22 of the 32 countries covered by its in-house “Damocles” warning system have seen their risk rise since its last update since May, with the largest increases in …

ISLAMABAD: Pakistan and China have agreed to jointly increase the capacity of disaster preparedness and response to climate change. A team of experts from China Meteorological Admi­n­is­tration (CMA) has conducted the post-disaster assessment work in Pakistan and decided to further reinforce cooperation with the Pakistan Meteorological Department (PMD) for technical exchanges, according to a press release. The 11-member team from …

ISLAMABAD: Pakistan and Afghanistan on Monday agreed to collectively eradicate polio virus. The decision was made during a meeting of health ministers of both the countries in Islamabad. Health Minister Abdul Qadir Patel said people of both the countries travel on both sides of the border so there was a need to devise a collective strategy to ensure eradication of …

When Saqlain Mushtaq, in that famous press conference last month, dropped his Qudrat Ka Nizam line, he was ridiculed for trying to sidestep and almost justify his team’s cricketing failure by linking it with force of nature. It turns out that the bearded spin maestro was delivering another one of his doosras. A month later, his mini phrase has a cult following and pretty much …

KARACHI: The central banks of Pakistan and China signed a memorandum of cooperation on yuan clearing in Pakistan, the Chinese central bank said in a statement on Wednesday, without giving more details. The arrangement could pave the way for an alternative payment option for Pakistan, boosting yuan usage for cross-border transactions among Chinese and Pakistani enterprises and financial institutions. The …

ISLAMABAD: China on Wednesday assured Pakis­tan of its continued support to the country’s sustainable economic and strategic projects, including expansion of the China-Pakistan Econo­mic Corridor (CPEC), Main Line-1 (ML-1) rail track besides an additional assistance package of RMB 500 million for the country’s flood-relief efforts. According to the Prime Minister Office (PMO), Chi­nese President Xi Jinping and Premier Li Keqiang …