Skip to main content

Posts

Showing posts from February, 2025

Pakistan Among 180 Countries Facing U.S. Tariffs

  In a significant shift in trade policy, the United States has imposed tariffs on imports from Pakistan, along with over 180 other countries. This decision, announced by President Donald Trump, includes a reciprocal tariff of 29% on goods imported from Pakistan, which is a response to the high tariffs that Pakistan imposes on American products, reportedly at 58%. This move is part of a broader strategy to address perceived trade imbalances and protect U.S. manufacturing interests. The imposition of these tariffs is expected to have far-reaching implications for Pakistan's economy. Leading businessman Arif Habib has expressed concerns that the tariffs will lead to increased prices for commodities and a subsequent drop in demand. The economic impact could be severe, particularly for industries reliant on exports to the U.S. market, which has traditionally been a significant destination for Pakistani goods. In addition to the immediate economic effects, the tariffs could also infl...

Abu Dhabi's Crown Prince Set for Historic Visit to Pakistan

  Abu Dhabi’s Crown Prince is scheduled to arrive in Pakistan tomorrow, marking a significant event in the diplomatic calendar of both nations. This visit is anticipated to strengthen the ties between the United Arab Emirates and Pakistan, focusing on enhancing bilateral relations in various sectors, including trade and investment. Political leaders in Pakistan are preparing to engage in meaningful discussions, reflecting the mutual interest in fostering a deeper partnership. During his stay in the federal capital, the Crown Prince will hold meetings with key figures in Pakistan’s political leadership. These discussions are expected to cover a wide range of topics, from economic cooperation to security collaboration. Both nations are keen to explore avenues for growth and development that can benefit their populations, showcasing the importance of such high-level diplomatic interactions. Sources suggest that several key Memorandums of Understanding (MoUs) will be signed as part ...

Virat Kohli Puts India in the Winner's Circle as Pakistan Falls Short in Champions Trophy Encounter

India beat Pakistan by six wickets in a lopsided encounter in the Champions Trophy match at the Dubai International Stadium. The game was as much about the age-old rivalry between the two cricketing powers as it was about Virat Kohli's masterful show. Kohli made a majestic century, strengthening his position as one of the greats of the game even further, as Pakistan could not get going, eventually being eliminated from the competition. Pakistan's batting order collapsed under pressure, with the team only able to score a total of 241 runs. Important players such as Babar Azam and Mohammad Rizwan were unable to make important contributions, leaving the team exposed. The Pakistani batsmen were found wanting against India's tight bowling attack, which was led by Hardik Pandya. Pandya's outstanding bowling not only picked up important wickets but also kept the run rate in check, leaving Pakistan on the back foot right from the beginning. The Indian team, however, looked conf...

How the UAE Became the Global Center of Cricket

The Champions Trophy 2025 is poised to be one of the most exciting cricket tournaments of the year, with the fierce rivalry between India and Pakistan taking center stage. Both teams have shown remarkable form leading up to the tournament, making this matchup highly anticipated among fans worldwide. India enters the competition with a well-rounded squad featuring star players who have consistently performed on the international stage. Pakistan, known for its unpredictable yet thrilling play, brings its own set of talented players eager to make a mark in this prestigious event. As the tournament unfolds, the spotlight will shine on Dubai's International Cricket Stadium, famously known as the "Ring of Fire." While the stadium may accommodate 25,000 spectators—modest compared to larger venues like Ahmedabad and Melbourne—it offers a unique and vibrant atmosphere that enhances the spectator experience. The state-of-the-art facilities and modern amenities ensure that fans have...

Pakistan and UAE Collaborate to Address Visa Restrictions

 In a significant move towards improving bilateral relations, Pakistan is working closely with the United Arab Emirates (UAE) to address ongoing visa restrictions that have affected citizens of both nations. High-level discussions between the two governments aim to streamline visa processes, making it easier for workers, tourists, and business professionals to travel between Pakistan and the UAE. This collaboration reflects the commitment of both countries to strengthen their ties and enhance mutual cooperation. The UAE has been a popular destination for Pakistani expatriates for years, with millions living and working there. Recent visa restrictions have, however, created difficulties for many who wish to travel or settle in the Gulf state. Through dialogue, both governments recognize the need to ease movement for their citizens, which can contribute to economic development and cultural exchange. The easing of these restrictions is anticipated to benefit not only individuals but a...

New Zealand Spoils Historic Day for Pakistan in Champions Trophy

In a below-par start to Pakistan's international season, New Zealand won the Champions Trophy opener by 60 runs in Karachi. The match was Pakistan's first ICC tournament in almost three decades, building up much hope among fans and officials. Though the occasion was historic, Pakistan's performance turned out to be subpar as a full-house crowd of 29,300 fans was left disappointed. New Zealand posted an impressive target of 320 runs, led by magnificent centuries from Tom Latham and Will Young. Latham was especially outstanding, scoring an unbeaten 118 off 104 balls and claiming the Player of the Match award. Young added a respectable 107 from 113 balls, and the two shared an important partnership that stabilized the innings after initial failures, bringing their team back from 73 for 3. Pakistan's reply was subdued, as they were unable to gain momentum in their pursuit. Khushdil Shah was the highlight of the Pakistani performance, leading the batting with a 69 off 49 bal...

PCB Chairman Mohsin Naqvi's Noble Gesture: Putting Cricket Over Luxury

In a remarkable display of humility and dedication to the sport, Pakistan Cricket Board (PCB) chairman Mohsin Naqvi made a selfless decision on Monday. He sacrificed the 30-seat VIP Hospitality Box at the Dubai International Stadium for the highly anticipated Champions Trophy match between India and Pakistan. This premium box was reportedly valued at around 400,000 dirhams (INR 94 lakh), a staggering amount that could have been used for personal gain. Instead of indulging in the luxuries that come with being the PCB chairman, Naqvi chose to put the proceeds from the sale of the VIP box into the PCB's funds. This noble gesture demonstrates his commitment to the betterment of Pakistan cricket and his willingness to put the sport above personal interests. By doing so, Naqvi has set a shining example for others to follow, showcasing the values of selflessness and dedication that are essential for the growth and development of cricket in Pakistan. What's more, Naqvi has expressed hi...

Pakistan's Return to Hosting ICC Events: A Historic Journey from 1996 to Champions Trophy 2025

Pakistan's cricket landscape is witnessing a historic moment as it prepares to co-host the 2025 Champions Trophy with the UAE, marking a significant return to hosting major ICC events after nearly three decades. The tournament, scheduled from February 19 to March 9, 2025, represents a milestone in Pakistan's cricket history and signals the nation's emergence from a long period of international cricket isolation. The last major ICC event hosted by Pakistan was the 1996 Cricket World Cup, which it co-hosted with India and Sri Lanka. That tournament holds special significance in cricket history, culminating in Sri Lanka's memorable victory in Lahore. While Pakistan did host the 2004 Champions Trophy, it was a relatively smaller event compared to the World Cup, and it would turn out to be the country's last major international tournament for many years to come. The tragic attack on the Sri Lankan cricket team in 2009 dealt a severe blow to Pakistan's aspirations of ...

New Zealand Win Tri-Nation Series with Five-Wicket Victory Against Pakistan

New Zealand continued their unbeaten streak in the tri-nation series, beating Pakistan by five wickets in the last match played at the National Stadium in Karachi. In pursuit of a small total of 243 runs, New Zealand crossed the target in the 46th over, losing five wickets along the way. New Zealand's innings was supported by half-centuries by Daryl Mitchell (57) and Tom Latham (56), with a useful 48 runs from Devon Conway. The side lost their opening wicket early when Will Young was caught LBW by Naseem Shah for five runs in the second over. Kane Williamson and Devon Conway then steadied the ship, posting 71 runs for the second wicket. Williamson's removal in the 17th over provided Pakistan with a faint glimmer of hope, but Conway and Latham continued to capitalize on the platform laid by the New Zealand captain. Conway was two runs shy of a deserved half-century, caught at deep midwicket. Losses of wickets at important moments could not unsettle New Zealand, as Latham and Mit...

Pakistan and Turkiye Strengthen Ties with 24 New Agreements

In a historic development, Pakistan and Turkiye have signed 24 Memoranda of Understanding (MoUs) to enhance trade, economic, and defense cooperation between the two countries.¹ The MoUs were signed at the seventh session of the High-Level Strategic Cooperation Council in Islamabad, where Turkish President Recep Tayyip Erdogan and Pakistani Prime Minister Shehbaz Sharif were present. The signing of these MoUs is a major achievement in the bilateral relations between Pakistan and Turkiye. The MoUs span across various sectors, such as defense, energy, trade, and technology, and are likely to enhance cooperation between the two nations.² Among the major agreements signed was a statement to further enhance strategic ties between Pakistan and Turkiye. Besides the joint declaration, a number of significant agreements were inked, including an MoU for reciprocal exchange of military and civilian personnel on a socio-cultural basis.³ This should strengthen people-to-people relations between the ...

Strengthening Economic Ties: PM Shehbaz Meets IMF Chief in Dubai

In a significant development, Prime Minister Muhammad Shehbaz Sharif met with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) , on the sidelines of the World Governments Summit in Dubai.¹ This meeting marks a crucial step in strengthening economic ties between Pakistan and the IMF. During the meeting, Prime Minister Shehbaz Sharif and Kristalina Georgieva discussed Pakistan's ongoing IMF program and the macroeconomic stability achieved through the government's comprehensive reform agenda. The IMF chief commended Pakistan's efforts in effectively implementing the IMF-supported program, highlighting the country's improving economic performance with rising growth and declining inflation. The prime minister reaffirmed the government's resolve to sustain reforms, particularly in tax reforms, energy sector efficiency, and private sector development. This commitment is expected to drive sustainable growth and economic stability in Pakistan....

Prime Minister Shehbaz Sharif Leaves for UAE to Attend World Governments Summit

Prime Minister Shehbaz Sharif left for the United Arab Emirates to attend the World Governments Summit, which is an international event of high standing, and invites world leaders not only as participants but also as speakers and discussion partners regarding burning issues and innovative solutions. This is the second trip that the Prime Minister has made to the UAE since he assumed the office in March 2024. The World Government Summit is a form of global leaders' platform for dialogue, experience sharing, and collective innovation cooperation in dealing with their common problems. It will cover the topics of the future of governance, innovation, and cooperation across borders. Prime Minister Shehbaz Sharif will meet world leaders, policymakers, and private sector representatives during his visit to discuss key issues that include economic development, climate change, and regional security. This participation by the prime minister signifies Pakistan's commitment to global coope...

Foreign Exchange Reserves Drop to $3.14 Billion, Lowest Since February 2014

Pakistan's foreign exchange reserves have plummeted to a critically low level of $3.14 billion, the lowest since February 2014. According to the State Bank of Pakistan (SBP), the reserves have declined by $294 million during the week ending on January 27. This sharp decline has put the country under the scanner about its ability to meet international payment obligations. The country's sharp decline in foreign exchange reserves has been brought on by the growing current account deficit, which is a result of the country's continuously flowing economic crisis. Pakistan's trade deficit skyrocketed by 31.5% to $17.6 billion in the first half of the current fiscal year. Pakistan's imports have increased phenomenally, but the volume of exports has not grown proportionately enough, thereby causing a severe increase in the trade deficit. The dwindling foreign exchange reserves have put immense pressure on the Pakistani rupee, which has been depreciating rapidly against the U...

Pakistan Seeks Better Terms in LNG Deal with Qatar Amid Economic Crisis

  Pakistan is preparing to renegotiate its liquefied natural gas (LNG) supply deal with Qatar, demanding better terms. The country is facing an economic crisis that has resulted in a drastic reduction in power consumption. Petroleum Minister Musadik Malik said the existing Qatar deal is expensive and that Pakistan will negotiate better terms next year. ¹ The result of this economic crisis has been the excess capacity within Pakistan's power sector. Pakistan, under decade-old contracts with independent power producers, remains bound to pay for this capacity. More than one-third of electricity produced in Pakistan comes from natural gas, and renegotiating the LNG deal with Qatar will, if anything, help take off some of that pressure from Pakistan's treasury. In December, Malik said Pakistan had delayed a deal to import LNG from Qatar, which delayed the arrival of contracted cargoes until 2026 instead of 2025. Malik explained that this delay was made on account of excess LNG suppl...

Pakistan Moves Closer to Starlink Internet Services

The Standing Committee on Information Technology & Telecommunication, at the National Assembly, has asked the Pakistan Telecommunication Authority (PTA) to expedite work on Starlink's satellite internet service in the country. This is after Starlink contacted authorities in Pakistan in 2022 to offer internet services via satellite.¹ However, the license agreement remains to be finalized with the Pakistan Space Regulatory Authority. The committee has directed the PTA to expedite the process so that Starlink internet services can be made available on time in Pakistan. This will solve some of the connectivity issues that have been haunting Pakistan by providing adequate services, especially in far-flung and underdeveloped areas. Pakistan suffered internet outages of up to $1.62 billion during 2024, and Starlink might be an efficient option to help this south Asia country. Elon Musk, the CEO of SpaceX , confirmed last month that Starlink had applied to launch services in Pakistan...

Pakistan and Saudi Arabia Strengthen Economic Ties with $1.61 Billion Deals

  Pakistan and Saudi Arabia took a huge leap forward on Monday in the economic cooperation area by signing two major agreements valued at $1.61 billion. The agreements include a concessional credit agreement and an oil import financing facility, which would help boost the economic resilience of Pakistan and also strengthen its relations with Saudi Arabia. Under this concessional credit agreement worth $41 million, a gravity-flow water scheme would be constructed in Mansehra to provide pure drinking water to more than 150,000 locals. It will not only improve public health but also increase the quality of life for people in Mansehra. The prime minister of Pakistan, Shehbaz Sharif, attended the signing ceremony and welcomed the deal while showing his gratitude to Saudi Arabia for its continued support. The oil import financing facility with a value of $1.20 billion will offer Pakistan one year of deferred payment for imported oil from Saudi Arabia. The deal will help reduce the relian...

Pakistan and UAE Strengthen Economic Cooperation

Pakistan Business Council , Dubai recently met Pakistan's Ambassador to the UAE Faisal Niaz Tirmizi to deliberate further on strengthening the business-to-business ties between both countries. In this respect, the country further strengthens the trade relationship, with the UAE standing as the third largest trading partner of Pakistan, after China and the US. Apart from being a partner in trade, the UAE also happens to be a significant source of foreign investment for Pakistan, with an investment of more than $10 billion over the last 20 years. The UAE has more than a million Pakistani expatriates as well, which proves very strong people-to-people ties between the two countries. This available bond might be used further for co-operation and investment. The head of the PBC delegation, Shabbir Merchant, shared their vision and strategy for bolstering business ties and asked for support from the ambassador to get these things done. The Pakistani ambassador assured the delegation that ...