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Iran is prepared to request the restart of FTA negotiations.
Iran is prepared to request the restart of FTA negotiations. It was reported that as both nations are closely coordinating on a Five Year Strategic Trade Cooperation Plan (FYSTCP) to increase their bilateral trade to $5 billion annually, Iran is prepared to formally invite Pakistan to resume negotiations on a Free Trade Agreement (FTA).
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In April 2023, Pakistan’s petroleum sales fell by 47%.
In April 2023, Pakistan’s petroleum sales fell by 47%. It was reported that a total of 1.2 million tonnes of petroleum products were sold in Pakistan in April 2023, a 47% YoY decline and a 6% MoM rise. Low sales of furnace oil and high speed diesel, which fell by 84% year over year and…
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Pakistan sets new petrol rates that will take effect on April 16, 2023
Pakistan sets new petrol rates that will take effect on April 16, 2023. It was reported that the Pakistani government will announce new fuel rates for the second half of April 2023. The new prices are expected to take effect on April 16. Due to the recent drop in the Pakistani rupee’s value relative to…
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Pakistan will receive $1.5 billion in funding, by Asian Development Bank.
Pakistan will receive $1.5 billion in funding, by Asian Development Bank. It was reported that on October 21, 2022, the Asian Development Bank (ADB) authorized a US$ 1.5 billion loan to Pakistan to help with social protection, food security, and employment support. Inflation, terrible floods, and messed-up global supply chains have all had an effect…
