Topic
pakistan
Trade US Imposes 10% Tariffs on India, Pakistan, Bangladesh, UK Over Forced Labour Investigation
The U.S. Trade Representative imposed 10% tariffs on India, Pakistan, Bangladesh, the UK, and other nations following a Section 301 investigation into forced labour practices. The move comes as India and the US progress on a bilateral trade agreement.
Business Pakistan to Revise Fuel Prices Daily; Current Account Records $139 Million Deficit in FY26
Pakistan will revise petroleum prices daily instead of weekly to respond to volatile global oil prices driven by US-Iran tensions. The government also reported a current account deficit of $139 million for FY2025-26, reversing the previous year's surplus of $1.838 billion. The All Pakistan Petrol Pump Owners' Association has rejected the deregulation policy and warned of protests.
Trade Afghanistan likely to boost direct Basmati rice imports from India amid Pakistan tensions
Indian and Afghan traders will meet next month to expand direct Basmati rice trade after preliminary discussions facilitated by the PHD Chamber of Commerce. Afghanistan, which consumes 0.5 million tonnes of Basmati annually, is diversifying away from traditional Pakistani supplies due to bilateral tensions. Direct imports from India via Iran's Bandar Abbas port are under consideration, though diplomatic recognition issues remain a hurdle.
Business World Bank Report Reveals Pakistan's Deep Fiscal Faultlines in Provincial Spending
A World Bank report highlights severe fiscal disparities in Pakistan, where provincial capitals receive disproportionately higher public spending than their hinterlands. Quetta leads with a 475% gap, while local governance and audit failures compound the crisis.
Commodities Pakistan Backtracks on Energy Gamble, Buys Emergency LNG as Qatar Exports Stay in Limbo
Pakistan has reversed its strategy of staying out of the spot LNG market, issuing an urgent tender for a cargo from BP Plc at $16.74/MMBtu — above Asia spot levels — as Qatar's LNG exports through the Strait of Hormuz effectively halt following attacks on vessels. The purchase follows a previously cancelled Qatari shipment that forced Pakistan to pay $19.13/MMBtu, the highest since 2022. The energy crunch is feeding into broader economic pressure, with CPI rising 11.7% in May.
Trade Pakistan Duty Drawback Extension Threatens India's Basmati Rice Export Competitiveness
Pakistan's Ministry of Commerce issued a duty drawback order for Basmati exporters in January 2026, offering up to 9% of f.o.b. value for exports at $750/tonne or more. The benefit, set to expire June 30, may be extended, worrying Indian exporters about lower global realisations. Despite India's higher average realisation of $920/tonne in April 2026, Pakistan's lower benchmark could pressure Indian Basmati prices.
Trade Pakistan Eyes Higher Donkey Meat, Other Related Products Export to China
The Times of India published an article with the headline 'Pakistan eyes higher donkey meat, other related products export to China', but the body text did not contain any substantive information about trade volumes, agreements, or market access.
Trade Pakistan Faces $35B Trade Deficit Amid PKR Pressure
Pakistan's trade deficit has reached $35 billion, raising concerns over economic stability as the PKR faces depreciation pressure. Despite a forex reserve increase to $17.2 billion, the trade imbalance and external debt obligations pose significant challenges.
Trade China and Pakistan Strengthen Trade Ties
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