ISLAMABAD: Pakistan has signed an agreement with a company affiliated with World Liberty Financial, the main crypto business linked to the family of US President Donald Trump, to explore the use of a dollar linked stablecoin for cross border payments, the government said on Wednesday. The Pakistan Virtual Asset Regulatory Authority said it had signed a memorandum of understanding with …
ISLAMABAD: Pakistan and Turkiye have reaffirmed their commitment to strengthening the existing partnership and exploring new avenues for collaboration in trade, investment, and industrial development, reflecting the close and brotherly relations between the two countries. The affirmation emerged during a meeting between Commerce Minister Jam Kamal Khan and Turkiye’s Minister of Trade, Prof Dr Omer Bolat, in Istanbul on Monday …
KARACHI: Pakistan on Wednesday received its first-ever shipment of US crude with the cargo arriving at Cnergyico’s offshore terminal, marking a new chapter in Pak-US trade relations. The cargo arrived aboard the Suezmax vessel MT Pegasus and docked at Cnergyico’s Single Point Mooring (SPM) port situated on the coast of Balochistan. In August, it was reported that Cnergyico will import …
RIYADH: Pakistan and Saudi Arabia on Tuesday launched the Economic Cooperation Framework, which is based on their shared economic interests and reaffirms their desire to strengthen trade and investment relations. The decision to launch the framework was taken during a Monday meeting between Prime Minister Shehbaz Sharif and Saudi Crown Prince Mohammed bin Salman on the sidelines of the Ninth …
ISLAMABAD: Pakistan has resumed Afghan transit trade on a phased basis after a 10-day suspension, following the “immediate ceasefire” agreement reached with the Taliban government in Doha, Qatar. Around 300 vehicles that had been stranded at various locations are now being cleared, beginning with operations via the Chaman border crossing. According to a detailed notification issued by the Directorate of …
TIANJIN: Prime Minister Shehbaz Sharif said on Sunday that all the endeavours and initiatives of the current government of Pakistan closely aligned with Chinese President Xi Jinping’s vision and philosophy that were anchored in progress and prosperity of the Chinese nation. PM Shehbaz arrived in China yesterday to attend the Shanghai Cooperation Organisation’s (SCO) two-day Council of Heads of State …
ISLAMABAD/DHAKA: Pakistan’s commerce minister and a Bangladeshi government adviser met in Dhaka on Friday to discuss the enhancement of bilateral trade and the strengthening of economic ties between the two countries. Ever since a popular uprising in Bangladesh that saw Hasina’s government toppled in August of last year, with the deposed premier fleeing to her old ally India, there has …
ISLAMABAD: Pakistan and China on Thursday reaffirmed their unwavering commitment to the high-quality development of the upgraded China-Pakistan Economic Corridor (CPEC) during the 6th Strategic Dialogue between Deputy Prime Minister and Foreign Minister Ishaq Dar and Chinese Foreign Minister Wang Yi. Pakistan and China share a longstanding strategic partnership with ties ranging across different sectors — including trade, energy, defence …
KABUL: Deputy Prime Minister and Foreign Minister Ishaq Dar landed in Kabul today for the first formal trilateral meeting between China, Pakistan and Afghanistan in two years. Dar was accompanied by Pakistan’s former ambassador in Afghanistan Mohammad Sadiq. The three countries made commitments to combat terrorism and deepen collaboration in areas of health, education, culture, drug trafficking, and also offering …
BEIJING: When asked to comment on the extension of the trade truce between China and the US, the US’ executive order which states that the US continues to have discussions with China to “address the lack of trade reciprocity in our economic relationship and our resulting national and economic security concerns,” and Trump’s comment which highlighted what he called his …