Middle East Conflict Exposes Fragile Supply Chains, Pakistan Seizes Opportunity
The Middle East conflict highlights fragile global supply chains. Pakistan invests $100M in Karachi port upgrades to boost resilience and become a logistics hub.
Category : Trade Commerce
Japan-Saudi Business Council Meeting in Riyadh
Japan and Saudi Arabia held a business council meeting in Riyadh to explore expanded cooperation in energy, AI, healthcare, space, and entertainment, with Japan's ambassador emphasizing supply chain resilience.
Pakistan Exports to China Surge 48.7% to $1.55 Billion
Pakistan's exports to China hit $1.55 billion in Jan-May 2026, up 48.7% year-on-year, driven by copper and rice. Buffalo embryo exports also rise.
Turkey-Saudi Railway Under Review, Financing Options Assessed
Turkey's transport minister says the proposed railway linking Saudi Arabia and Turkey is under technical evaluation, aiming to create a Gulf-to-Europe corridor via Jordan and Syria, boosting trade and regional integration.
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Oman Trade Surplus Steady at $4bn Despite Oil, Gas Drop
Oman's trade surplus held steady at 1.54 billion Omani rials ($4.01 billion) in Q1 2026 as imports fell faster than exports, despite an 8.5% drop in total exports driven by lower hydrocarbon sales.
Saudi Arabia Pitches $2.5 Trillion Mining to French Investors
Saudi Arabia showcased $2.5 trillion in mineral investment opportunities to French and European partners at the Gulf Vision 2026 Forum in Paris, highlighting Vision 2030 reforms.
Pakistan Aims $700M Halal Meat Exports by 2028
Pakistan's government launches a transformation strategy to boost halal meat exports to $700 million by 2028, focusing on value addition, disease control, and market expansion.
Pakistan Auto Tariffs to Drop 25-50% Under NTP
Commerce Secretary Jawad Paul says auto tariffs follow National Tariff Policy; customs duties on cars and parts could fall 25-50%, making vehicles cheaper but increasing competition.
First Pakistani Trucks Stuck in Afghanistan Return via Torkham
After eight months, the first batch of Pakistani transit trucks stranded in Afghanistan crossed back into Pakistan via Torkham, bringing relief to transporters and drivers.
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Japan Raids Ice Cream Giants Over Price Fixing Cartel
Japan's competition watchdog raided major ice cream makers including Meiji and Ezaki Glico over alleged cartel to raise prices, amid record summer heat.
Industry Calls for Targeted Policy Over Tariff Cap
Local industry urges policymakers to design a targeted, performance-based industrial policy instead of relying solely on a 15% tariff cap based on untested trade models.
EU Parliament Backs US Trade Deal with Protective Measures
The European Parliament voted to implement the EU-US trade agreement, reducing tariffs on industrial goods and seafood while adding safeguards to protect European industry and agriculture.
Saudi Dates at New York Fancy Food Show
Saudi Arabia will be guest of honor at the Fancy Food Show in New York, showcasing premium dates to boost exports. The Kingdom has 37 million palm trees and exported dates worth SR2 billion last year.
Minister Opposes 30-Year Lease Extension for Engro Vopak Terminal
Investment Minister Qaiser Sheikh criticizes the 30-year lease extension for Engro VoPak Terminal, citing violation of public procurement rules and potential harm to petrochemical industries.
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FPCCI Pakistan-Romania Business Council First Meeting
The FPCCI Pakistan-Romania Business Council held its first meeting in Lahore, focusing on trade expansion, European market access, and bilateral cooperation.
Pakistan Showcases Economic Potential at Expo 2024
Pakistan participated in the 10th China-South Asia Exposition and 30th Kunming Import and Export Fair, highlighting its commitment to economic cooperation with China. Ambassador Hashmi inaugurated the Pakistan Pavilion.
Saudi Crown Prince Resumes Lebanese Exports to Kingdom
Saudi Crown Prince Mohammed bin Salman directs resumption of Lebanese exports, supporting Lebanon's stability and economy after positive government steps.
Syria to sign gas exploration deal with ConocoPhillips soon
Syria will convert a MoU with ConocoPhillips into a final gas exploration contract within days, says Energy Minister Mohammed Al-Bashir, as part of efforts to revive the energy sector.
EU-Pakistan Relations: GSP+, Trade, and Kaja Kallas Visit
The EU is a key economic partner for Pakistan, with GSP+ trade benefits. Kaja Kallas's 2026 visit highlights opportunities and responsibilities.
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FPCCI Urges Govt to Save Hotel Industry in Budget 2026-27
FPCCI committee chairman Mian Akram Farid demands industrial tariffs, tax cuts, and solar duty abolition to rescue Pakistan's struggling hotel and tourism sector.
Trump Tariffs on 60 Nations Face International Backlash
US President Trump proposes tariffs on 60 countries over forced labour, drawing sharp international criticism and raising questions about effectiveness and intent.
Textile Council Warns Pakistan May Lose Export Opportunity
Pakistan Textile Council chairman warns that Budget 2026-27 must provide immediate relief to exporters or the country risks losing a major export opportunity as global buyers seek alternatives.
EU Awakens to China Dependence as Global Supply Chains Shift
Europe grapples with reliance on China's unmatched manufacturing scale, while India's service-based model highlights divergent development paths in the global economy.
Saudi Arabia, Russia Discuss Dates Trade Expansion
Princess Sarah bint Bandar met Russia's ambassador to discuss boosting dates trade, investment, and value-added products in the Russian market.
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Pakistan's Trade Deficit Narrows 39% in May 2026
Pakistan's trade deficit narrowed 39% year-on-year in May 2026, driven by a 10% rise in exports and a 22% drop in imports, signaling economic stability.
OGDC makes oil and gas discovery in Sanghar, Sindh
OGDC has discovered oil and gas from Bobi Deep-1 well in Sanghar, Sindh, producing 2,000 bopd and 1.1 MMscfd, boosting Pakistan's energy security.
China mining tragedy: Hidden tunnels, fake doors, 82 dead
Probe into China's deadliest mining accident in over 15 years reveals concealed tunnels, fake doors, and missing trackers. 82 killed, 2 missing, 128 hospitalized.
Oil Prices Drop as Traders Eye US-Iran Talks Progress
Oil prices fell around 3% on Wednesday as traders weighed progress in US-Iran peace talks against renewed hostilities, with Brent crude dropping to $96.91 a barrel.
US Proposes 12.5% Tariff on India Over Forced Labour
The US has proposed a 12.5% tariff on Indian imports, citing failure to curb forced labour. India is among 60 economies targeted, complicating ongoing trade talks.
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US proposes new tariffs on 60 economies over forced labor
The US Trade Representative proposes additional duties of 10% or 12.5% on imports from 60 economies over forced labor concerns, with public comments due by July 6.
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