Pakistan on Wednesday launched the IBI Pakistan Digital Economy Headquarters in Islamabad, an integrated platform under the China-Pakistan Economic Corridor (CPEC) focused on trade facilitation, supply chain digitisation, and SME empowerment. The initiative, established by Chinese industrial e-commerce giant IBI Guolian Gufan, will serve as a ‘Digital Silk Road’ and is expected to support more
Oil prices rose on Thursday, with markets focusing on the high-stakes meeting between U.S. President Donald Trump and Chinese President Xi Jinping to see if it will yield any positive result on the Iran war, which has significantly disrupted global oil supply. Aside from trade matters, Trump is expected to encourage China to convince Tehran to make a deal with Washington to end the conflict, bu
Pakistan has received inflows worth USD 1.3 billion from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) and under the Resilience and Sustainability Facility (RSF). Recently, the IMF Executive Board has completed third review under the EFF loan program and accordingly approved the disbursement of SDR 760 million for Pakistan under the EFF programme in its meeting he
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting on Wednesday with S Paul Kapur, Assistant Secretary, Bureau of South and Central Asian Affairs, United States, at the Finance Division. Kapur was accompanied by US Chargé d’Affaires Natalie A Baker. The meeting focused on Pakistan-US economic cooperation, investment opportunities, trade relations, and the Governm
Port Qasim Authority (PQA) has etched its name in Pakistan’s maritime history by successfully handling the largest liquefied natural gas (LNG) cargo ever discharged in the country, marking a landmark moment for the nation’s energy and trade infrastructure. According to the details, the record-breaking operation was carried out aboard the Q-Flex LNG carrier MV Al Kharaitiyat, which navigated Por