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Operations at Chittagong Port, Bangladesh’s busiest and most vital shipping hub, came to a complete standstill on Sunday as customs officials launched a full-scale strike amid a prolonged dispute with the government. The strike halted all container movement, disrupting the daily handling of 7,000 to 8,000 containers and dealing a massive blow to the country’s …
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RIYADH – Saudi Arabia and India have taken significant steps to deepen bilateral relations by signing multiple agreements across various strategic sectors during Indian Prime Minister Narendra Modi’s recent visit to the Kingdom. According to a joint statement released on Wednesday, the two countries agreed to enhance cooperation in defense industries, energy supply, trade, and …
China has responded to Canada’s trade tariffs by imposing duties on over $2.6 billion worth of agricultural and food products. The move comes after Ottawa introduced levies on Chinese-made goods in October, escalating tensions between the two nations. New Tariffs Take Effect on March 20 China’s commerce ministry announced that the new tariffs will take …
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Karachi: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has established the Pakistan-EU Forum. Announcing the initiative, FPCCI President Atif Ikram Sheikh stated that the Forum aims to improve economic and trade relations between Pakistan and EU countries. This step is expected to benefit the business community through enhanced cooperation and development opportunities. …
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Pakistan’s trade deficit experienced a notable reduction of over 30% in October 2024, dropping to $1.498 billion compared to $2.174 billion in the same month last year. This substantial decrease reflects an ongoing improvement in the country’s trade balance, supported by rising exports and falling imports. Exports Show 11% Growth Year-on-Year One of the key …
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The trade relationship between Pakistan and Morocco holds significant promise, as noted by Ambassador Mohamed Karmoune of Morocco. Speaking at a meeting with industrialists at the Korangi Association of Trade and Industry (KATI), the Ambassador expressed optimism about increasing the current trade volume to over $232 million. The event saw the participation of key figures …
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China’s trade shrinks unexpectedly as Covid curbs, suffers economic slowdown China’s economy paints a struggling picture at the moment as the country’s imports and exports get contracted. China is still recovering from the Covid situation at home and with the recession on the way, China’s policymakers need to think a lot about their plans. The …
