Category: Business

India Delays Trade Delegation to U.S. Amid Tariff Uncertainty

NEW DELHI: India has postponed plans to send a trade delegation to Washington this week a source in the country’s Ministry of Commerce and Industry said, following uncertainty after the United States Supreme Court struck down tariffs imposed by former President Donald Trump. The delegation was scheduled to depart Sunday to finalize an interim trade […]

Pakistan Signs 50,000 Metric Ton Potato Export Deal with Uzbekistan

ISLAMABAD: Federal Minister for Food Security Rana Tanveer Hussain announced that Pakistan has established an alternate export route through Central Asia for potatoes, mitigating issues caused by instability in Afghanistan. The government has signed a deal to export 50,000 metric tons of potatoes to Uzbekistan addressing storage and border challenges. The statement came during a meeting […]
Private

Private Sector Leaders Take Control of Pakistan’s Export Development Fund

Legal reforms reduce bureaucratic control, placing industry leaders at the forefront of export policy decisions ISLAMABAD: The government of Pakistan has reconstituted the board overseeing the Export Development Fund (EDF), shifting control from senior bureaucrats to private-sector leaders in a move aimed at boosting efficiency and promoting export growth. Under a new notification, Omer Saeed, […]

Pakistan US Reaffirm Commitment to Expanding Trade and Investment Ties

Washington: Pakistan and the United States have reaffirmed their commitment to strengthening bilateral economic ties, with discussions centering on trade investment and key development initiatives. The understanding emerged during a high level meeting between a Pakistani delegation led by Finance Minister Muhammad Aurangzeb and US Commerce Secretary Howard A. Lutnick. Both sides underscored their shared […]

Saudi Arabia Turkiye Sign Major Solar Energy Deal

ISTANBUL: Saudi Arabia and Turkiye have signed a major agreement to develop large scale solar power projects, strengthening energy cooperation between the two regional partners. Under the deal Saudi energy company ACWA Power will construct two solar power plants in the provinces of Sivas and Karaman in central Turkiye. The projects will have a combined […]

US Supreme Court Blocks Trump’s Emergency Tariffs

WASHINGTON: The US Supreme Court has struck down former President Donald Trump’s broad tariffs ruling that he exceeded his legal authority by using emergency powers to impose import taxes. In a 6-3 decision authored by Chief Justice John Roberts the court held that the International Emergency Economic Powers Act (IEEPA) does not grant the president independent […]
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