Iran on Sunday expressed willingness to join the Silk Road initiative with Pakistan and China to get maximum benefits from the regional connectivity. Pakistan and Iran vowed to further expand their land and rail route linkages. The two sides made these commitments when Iranian Minister for Roads and Urban Development, Farzaneh Sadegh, who accompanied the Iranian president on the official vis
Pakistan and Iran on Sunday agreed that peace and prosperity in their border regions hinged on effectively combating terrorism, as both countries renewed their commitment to increase annual bilateral trade to $10 billion. The consensus was reached during a bilateral meeting at the Prime Minister’s House in Islamabad and later emphasised at a joint press conference by Prime Minister Shehbaz Sh
The Voluntary Eight (V8) — Saudi Arabia, the UAE, Oman, Kuwait, Iraq, Kazakhstan, Algeria and Russia — announced on Sunday they would increase oil production by 547,000 barrels a day in a move that analysts say aims to regain market share amid resilient crude prices. As currently they produce about 41 to 42 million barrels a day, the increase would be about 1.5 per cent, though analysts believe
Pakistan’s value-added textile sector has raised alarms over the United States’ recent imposition of a 19 per cent tariff on Pakistani exports, warning that it could neutralise any potential gains in market access. The new tariff, added on top of existing duties, is seen as significantly higher than expected, undermining hopes for improved trade relations and market share, particularly in compa
The tariffs United States President Donald Trump imposed last week on scores of countries are likely to stay in place rather than be cut as part of continuing negotiations, Trade Representative Jamieson Greer said on Sunday. Ahead of a Friday deadline, Trump set rates including a 35 per cent duty on many goods from Canada, 50pc for Brazil, 25pc for India, 20pc for Taiwan and 39pc for Switzerlan