Pakistan News

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  • 12 Pacific countries seal huge free trade deal

    ATLANTA: Twelve Pacific rim countries sealed the deal early on Monday on creating the world’s largest free trade area, delivering President Barack Obama a major policy triumph...

    Working around the clock for days past their deadline, haggard trade ministers announced they reached agreement on the ambitious Trans-Pacific Partnership just before dawn, capping five years of difficult talks led by the United States...

  • Nawaz calls for increasing trade among Muslim countries

    ISLAMABAD: Prime Minister Nawaz Sharif on Wednesday said that Pakistan is ready to extend every possible support for the collective benefit of the Muslim World, Radio Pakistan reported...

    During a meeting with the secretary general of Muslim World League Abdullah bin Abdul Mohsin Alturki at PM House, the premier said that Muslim world can actively cooperate in the field of trade and commerce...

  • Trade deficit surges on, September data shows

    ISLAMABAD: Pakistan’s trade deficit widened nearly 30 per cent in the first quarter of the current fiscal year, the Pakistan Bureau of Statistics said on Wednesday...

    The trade deficit increased by 22pc year-on-year in September to $2...

  • Study finds discrepancy in Pak-China trade data

    KARACHI: Discrepancies in official trade data of Pakistan and China lend credence to suspicion of massive under-invoicing by Pakistani importers in bilateral trade between the two countries...

    It implies that Pakistan is losing billions of rupees in revenue, industry leaders said...

  • Chinese data suggests some damage from trade war

    BEIJING: A report Monday on Chinese manufacturing suggested that Beijing’s trade war with the Trump administration is causing economic damage...

    Surveys of manufacturers across the region for May showed that business confidence has been shaken by the conflict over President Donald Trump’s demands that Beijing change its industrial planning strategy and find other ways to redress its perennially huge trade surpluses...

  • Pact signed with Saudi Arabia to share trade data

    ISLAMABAD: Pakistan and Saudi Arabia have formally agreed to exchange values of goods for imports and exports to control of under and over invoicing as part of Financial Action Task Force’s (FATF) recommendation...

    Saudi Arabia will become Pakistan’s 23rd major trading partner with whom the country will formally into an agreement to monitor and control illicit financial flows and currency smuggling as part of the recommendations of...

  • Pakistan, India included among 22 drug producing countries

    WASHINGTON: US President Barack Obama has included Pakistan and India on a list of 22 drug producing or major drug-transit countries that “significantly affect the United States”...

    Other countries on the list are Afghanistan, The Bahamas, Belize, Bolivia, Burma, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Haiti, Honduras, Jamaica, Laos, Mexico, Nicaragua, Panama, Peru, and Venezuela...

  • Pakistan likely to host India among other countries in SCO moot

    Amid signs of improvement in relations between Pakistan and India, authorities in Islamabad are expecting to host an Indian delegation, among others, at the Shanghai Cooperation Organisation–Regional Anti-Terrorist Structure (SCO-RATS) Legal Experts meeting, being held from May 23 to 25...

    "This is the first ever SCO meeting being held in Pakistan since the country has become a member of the SCO in June 2017," read a statement issued...

  • India using terrorism as state policy to destabilise neighbouring countries including Pakistan: FO

    Pakistan on Thursday said India was "using terrorism as a state policy" to destabilise neighbouring countries, and that a recent United Nations Monitoring Report had "endorsed Pakistan’s stance that Tehreek-e-Taliban Pakistan (TTP) is operating from Afghanistan and with Indian support"...

    In a statement, the Foreign Office said the United Nations Analytical Support and Sanctions Monitoring Team (MT) had independently assessed that...

  • Pakistan asks India to share Kishanganga water data

    LAHORE: Pakistan has asked India to immediately share the data showing inflow and discharge of water at the Kishanganga dam and water flows in different rivers...

    It has also sought dates for inspection of the 330MW hydroelectric project that India had agreed to during a two-day meeting held in August in Lahore between Indus water commissioners of the two countries...

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