Year: 2025

Pakistan, Kyrgyzstan Set $200m Trade Target by 2027-28, Sign 15 New Cooperation Agreements

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New-Project66

ISLAMABAD: Pakistan and Kyrgyzstan on Thursday agreed to raise bilateral trade to $200 million by 2027-28, setting an ambitious new benchmark as both countries push to deepen economic, energy, and strategic cooperation. The commitment came during high-level talks between Prime Minister Shehbaz Sharif and Kyrgyz President Sadyr Zhaparov in Islamabad. Senior officials—including Foreign Minister Ishaq Dar and Chief of Army Staff & Field Marshal Gen Syed Asim Munir—were present for the discussions, which focused on accelerating cooperation across trade, connectivity, energy and security. Prime Minister Sharif said the enhanced trade…

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Saudi Arabia Extends $3bn Deposit to Pakistan, Providing Crucial Breathing Space Amid Economic Strain

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saudi-pak

KARACHI: Saudi Arabia has extended the maturity of its $3 billion deposit held with the State Bank of Pakistan (SBP) for another year, offering continued financial support as the country navigates persistent liquidity pressures. The facility—channeled through the Saudi Fund for Development (SFD)—was first placed in 2021 and has since been rolled over multiple times to reinforce Pakistan’s macroeconomic stability. The deposit, previously set to mature on December 8, 2025, will now remain with the SBP until December 2026. Officials say the extension reflects Riyadh’s sustained commitment to bolstering Pakistan’s…

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Pakistan Proposes Central Asia–South Asia Energy Market to Strengthen Regional Connectivity

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Awais-Leghari

ISLAMABAD: Federal Minister for Power Awais Ahmed Khan Leghari on Thursday proposed the creation of a Central Asia–South Asia (CASA) energy market, inspired by the European energy grid model, to unlock the region’s full renewable and conventional power potential. The proposal was made during a meeting with Kyrgyzstan’s Minister for Energy, Ibrarv Taalaibek Omukeevich, in Islamabad. Leghari stressed the need for a practical, coordinated approach to expedite the CASA-1000 project, which aims to supply affordable, seasonally sourced electricity across the region. He noted that Pakistan’s section of the project is…

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Pakistan, Qatar Finalise LNG Cargo Diversion, Projecting Rs1,000bn Savings in 2026

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China-LNG

ISLAMABAD: Pakistan has secured more than Rs1,000 billion in projected savings for 2026 by diverting 24 liquefied natural gas (LNG) cargoes under a new arrangement with Qatar, according to government officials. The move comes as part of broader energy-sector reforms, including efforts to address the staggering Rs2.6 trillion circular debt in the gas sector. Officials confirmed that the two countries agreed to redirect next year’s LNG shipments due to weak domestic demand, eliminating the need for government subsidies for lifeline gas consumers. Under the net proceeds differential formula, Pakistan will…

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US Poised to Expand Travel Ban to Over 30 Countries: Homeland Security Secretary

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New-Project65

The United States is preparing to widen its travel ban to include more than 30 countries, Homeland Security Secretary Kristi Noem revealed on Thursday. Speaking on Fox News’ The Ingraham Angle, Noem declined to confirm reports that the list would reach 32 nations but acknowledged the expansion is significant. “I won’t be specific on the number, but it’s over 30, and the president is continuing to evaluate countries,” she stated. President Donald Trump had previously signed a proclamation in June barring citizens from 12 nations and imposing restrictions on seven…

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