Bangladesh has resumed direct trade with Pakistan for the first time since its independence in 1971, initiating this renewed economic relationship with the import of 50,000 tonnes of rice. The initial shipment of 25,000 tonnes has already departed from Port Qasim, with the remaining 25,000 tonnes scheduled for dispatch in early March. This trade agreement,…
Indonesia has dramatically altered its meat import strategy by opting to procure buffalo meat from Pakistan instead of India. This decision signifies a shift in trade dynamics and may significantly affect the economies concerned. India has been a principal supplier of buffalo meat to Indonesia for years, maintaining a dominant market position. Nevertheless, a confluence…
A major deal between China and Pakistan aims to improve agricultural cooperation, especially in the production of wheat. This agreement, which focuses on setting up a wheat research center in Pakistan, is a significant step in fortifying both countries’ agricultural industries. The deal is a component of a larger initiative to solve issues related to…
The Punjab government has officially commenced the development of Lahore’s inaugural totally underground metro train line, the Blue Line. This 27-kilometer route will link Valencia Town to Babu Sabu Chowk, passing through significant localities including Johar Town, Faisal Town, Garden Town, Kalma Chowk, Gulberg Main Boulevard, Jail Road, Ferozepur Road, and Allama Iqbal Town. The…
Mashreq Bank Pakistan (Private) Limited has been granted the nation’s first restricted license by the State Bank of Pakistan (SBP) to function as a digital retail bank. As Pakistan’s financial industry advances toward greater digitalization and financial inclusion, this is a critical turning point. Leading financial institution Mashreq Bank, headquartered in the United Arab Emirates,…
Pakistan’s economy is experiencing a severe crisis of credibility. The urgent need for measures to restore trust both domestically and globally is highlighted by the concerns expressed by Finance Minister Mr. Aurangzeb. The public, lenders, and investors require reassurance that economic policies are transparent, stable, and focused on long-term growth. Confidence in the nation’s financial…
For Pakistan, remittances have long been a vital source of foreign cash; nonetheless, their actual capacity as a catalyst for economic development is still unrealized. The nation has to concentrate on policies that direct remittances into profitable industries instead of only home consumption if it is to convert these inflows into a pillar of development….
NEW YORK: Deputy Prime Minister and Foreign Minister Senator Mohammed Ishaq Dar said on Saturday that Pakistan has ended its diplomatic isolation through proactive engagement that gives the green light for economic growth under the leadership of Prime Minister Shehbaz Sharif. Speaking to the Pakistani community at the Pakistan Consulate in New York on Monday evening, he…
On 15 March 2025, trial operations are anticipated to begin for Pakistan’s first international freight train service to Russia. An important step in improving regional trade connectivity with nations like Kazakhstan, Iran and Turkmenistan is this project.Key DetailsBackground of the launch follows a Memorandum of Understanding signed between Pakistan and Russia in June 2024 during…
