Cricket is not Cricket without Shahid Afridi

China, KSA, UAE briefed about economy Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has met with the UAE Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini, Saudi Minister of Finance Mohammed Aljadaan and Finance Minister of China Lan Fo’an in Washington DC on the sidelines of IMF-World Bank Spring meetings. Aurangzeb during a meeting with President of the Asian Infrastructure Investment Bank (AIIB) Jin Liqun discussed banks financing for ongoing and future development projects in Pakistan and expressed the government’s desire to proceed with the inaugural issuance of Panda Bond within the current calendar year. According to press release issued by finance ministry on Thursday, the meeting was held on the sidelines of the IMF-World Bank Spring Meetings in Washington, D.C. Aurangzeb highlights Panda, ESG bonds in key meetings at Washington: Finance Division Aurangzeb thanked the AIIB for its longstanding support for Pakistan’s socio-economic deve...

Tariffs: MoC team to visit Washington The Ministry of Commerce (MoC) has sought proposals from all the concerned ministries to devise a joint strategy to deal with United States (US) reciprocal trade and tariffs as a delegation led by Commerce Ministry is to visit Washington in this regard, well informed sources told Business Recorder. The United States has imposed a 29 per cent reciprocal tariff on imports from Pakistan, driven by its $2.99 billion trade deficit with Pakistan. The United States is a critical market for Pakistan’s exports, particularly for textiles and apparel. In 2024, total exports to the US stood at $5.12 billion, of which $3.93 billion, or 76.7 per cent, were textile and apparel. Govt to devise strategy to lessen US tariff impact Commerce Ministry, sources said, has cited reference to the directives of Prime Minister Shehbaz Sharif, whereby, a working group has been constituted under the convener-ship of the Secretary Commerce, Jawad Paul. and Steering Committee u...