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Pakistan and the GCC signed this historic free trade agreement after negotiations in Riyadh. The FTA, the first by the GCC since 2009, symbolizes a significant step in economic cooperation. Pakistan and the Gulf Cooperation Council (GCC) signed a free trade agreement (FTA) on Friday, marking a significant development following the conclusion of the final…
In southwestern Pakistan, a powerful bomb struck a mosque during a rally celebrating Prophet Muhammad’s birthday, resulting in a tragic toll of over 50 dead and nearly 70 injured in a devastating terrorist attack. The devastating event unfolded in Mastung, Baluchistan province, where a large crowd had gathered for the Eid Miladun Nabi procession. Victims…
Iran’s recent rejection of Pakistan’s Force Majeure notice adds uncertainty to the gas pipeline project, compounded by Islamabad’s challenge of navigating US sanctions on Iran, potentially resulting in an $18 billion penalty from Iran. The United States’ response to the Pakistani government’s request for a waiver on its long-stalled Iran-Pakistan gas pipeline is causing concern,…
This Debt is Three Times Higher Than Pakistan’s Defense Budget And is Increasing. Islamabad Considers Private Management of State-Owned Power Companies for Up to 25 Years Pakistan’s energy sector faces an imposing challenge as its circular debt has ballooned to a staggering figure, nearing US$17.5 billion. This sum is nearly double the combined budget allocations…
Both will sign MoUs under CPEC framework for enhancing onion export to China and introduce revolutionary Chinese Juncao technology. China’s ambassador to Pakistan Nong Rong and Federal Minister of National Food Security and Research Syed Fakhar Imam held a meeting here and agreed on signing two MoUs for enhancing the export of onion to China…