New Delhi, May 9 (IANS) Pakistan’s exports in the first three quarters of FY26 reached Rs6.39 trillion, a 7.14 pr cent decline in rupee terms compared to the previous year, widening the trade deficit to new heights, according to a new report.The report in The Express Tribune says that a slump in economic growth amid the adverse regional situation is set to impact balance of payments as the fiscal year comes to an end. “Trade deficit is anticipated to be one of the biggest concerns as imports…
Latest Gulf states News & Updates
New Delhi, May 5 (IANS) The conflict between the United States and Iran has triggered a severe energy price shock through Pakistan’s economy which is in dire straits with rising inflation, dwindling foreign exchange reserves and a fast depreciating currency.According to an article in India Narrative, this is not merely a transient shock for Pakistan, one of South Asia’s most fragile states, but a structural blow to the economy. It points out that Pakistan is the “primary casualty” in the…
New Delhi, May 1 (IANS) Pakistan is confronting its most serious fuel‑price shock in over half a century, which could trigger a cascade of economic problems and undermine Prime Minister Shehbaz Sharif’s government, a new report has said.The report from Aljazeera said soaring global oil costs have hit Pakistan particularly hard because the country is heavily dependent on imported energy and remittances from Gulf states, along with an “already precarious balance-of-payments position.” The West…
New Delhi, April 29 (IANS) Pakistan’s diplomatic efforts to somehow bring US-Iran conflict to an end is not only about geopolitical positioning but also about addressing a pressing economic need, according to a new report.Successful mediation can reduce the risk of further shocks to oil and gas prices, ease pressure on the electricity sector, stabilize relations with Gulf states, and open a broader economic horizon with Iran, says a report in www.calcalistech.com.The report says that Pakistan …
London, April 18 (IANS) Bangladesh is grappling with fuel shortages, rising prices, and diplomatic uncertainty while attempting to avoid offending any major power. The government’s carefully worded statements during the recent conflict in West Asia have drawn criticism at home and scrutiny abroad, a report stated on Saturday. According to the UK-based Middle East Monitor, at a deeper level, the situation reflects a more fundamental issue – the absence of a coherent foreign policy strategy in B…
Washington, April 18 (IANS) President Donald Trump touted economic gains, claimed foreign policy breakthroughs and urged supporters to deliver a Republican victory in the midterm elections, striking a combative tone at a Turning Point USA event in Arizona.“Our economy is booming, incomes are rising, investment is soaring, inflation has been defeated,” Trump said. “Our workers are thriving, our border is closed, and America is respected all over the world.”He described the 2024 election a…
United Nations, April 17 (IANS) While expressing concern over the attacks on commercial shipping in the Hormuz Strait, India has taken a neutral stance on the veto by Russia and China of a Security Council resolution demanding that Iran stop attacks.Speaking on Thursday at a General Assembly meeting on the veto, India’s Permanent Representative skirted the issue and said, “We have urged all states to promote dialogue and diplomacy and de-escalation of tensions, and to purposefully address un…
Washington, April 16, (IANS) The United States on Thursday warned Iran that its energy infrastructure could be targetted if it fails to reach a deal, with Defence Secretary Pete Hegseth saying American forces are prepared to escalate beyond the current blockade.Speaking at a Pentagon briefing, Hegseth said US forces were ready to strike critical sectors, including power generation and energy facilities, if Tehran “chooses poorly”. “We are locked and loaded on your critical dual use infrast…
Islamabad, April 14 (IANS) The temporary truce between the United States and Iran should not be considered an independent diplomatic achievement of Pakistan. Rather, it reflects Washington’s pursuit of managed de-escalation from an increasingly costly and complex conflict that had become “strategically, economically, and geopolitically” counterproductive, a report said on Tuesday. “The Iran ceasefire reflects US strategic recalibration and Pakistan’s constrained diplomatic role. Washington…
Doha, April 8 (IANS) The Indian Embassy in Qatar has issued an advisory urging members of the Indian community to remain vigilant and closely follow instructions from local authorities in view of the prevailing situation in the region. In its update released on Tuesday, the Embassy said: “The Ministry of Interior has urged everyone to obtain information from official sources and to refrain from circulating or publishing rumours or unreliable information on various platforms to avoid legal acco…