Oil rose to its highest since 2014 on Tuesday after Moscow ordered troops into two breakaway regions in eastern Ukraine, tempered by a declaration from Germany’s Chancellor that the nation would not certify the $11 billion Nord Stream 2 pipeline. Germany put the certification of the Nord Stream 2 gas pipeline from Russia on ice while the United States and European Union discussed potential sanc
Albania wants to enhance trade relations with Pakistan and there are immense opportunities for increasing the volume of trade between the two countries, which should be exploited for mutual benefit, said Non-resident Ambassador-designate of Albania Kastriot Robo. Exchanging views with business community during his visit to the Islamabad Chamber of Commerce and Industry (ICCI) on Tuesday, the en
Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood on Tuesday said that the Preferential Trade Agreement (PTA) to increase bilateral trade between Pakistan and Uzbekistan is expected to be finalised on March 4. The signing of the agreement will take place during Uzbekistan President Shavkat Mirziyoyev visit to Pakistan on March 3 to facilitate bilateral and transit trad
The mayor of Houston (Texas, the United States) has expressed the desire to bring a trade delegation to Karachi in September 2022, which will hold meetings with government officials and local trade bodies, revealed Houston-Karachi Sister City Association (HKSCA) President Saeed Sheikh. In a meeting with office-bearers of the Karachi Chamber of Commerce and Industry (KCCI) on Tuesday, he voiced
Pakistan and the Islamic Development Bank (IDB) have signed a $1.2 billion financing agreement for import of oil and food products, as Islamabad also completes procedural formalities to receive oil on deferred payments from Saudi Arabia of a similar value. The cumulative financing of $200 million per month by the IDB group and Saudi Arabia is expected to ease pressure on the rupee, as 45% depre