
Finance minister Muhammad Aurangzeb highlights Pakistan's stronger fiscal and external balances, successful achievement of revenue targets, higher foreign exchange reserves, record remittance inflows, and improved current account position.
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Pakistan's envoy to the UN, Asim Iftikhar, says India is attempting to 'weaponize water' by unilaterally and illegally placing the Indus Waters Treaty in abeyance.
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The move reflects stronger external finances, improved institutional effectiveness, and ongoing macroeconomic stabilization supported by an International Monetary Fund reform program, the credit ratings agency says.
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Two sides discuss the importance of sustaining Pakistan's reform momentum to promote durable economic growth, strengthen economic self-reliance and help position the country for a successful return to international capital markets.
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Pakistan Foreign Ministry says, the two sides ‘reaffirmed their more than six-decade-long Pakistan–ADB partnership and explored ways to further strengthen cooperation in infrastructure, climate resilience, regional connectivity, and sustainable economic growth.'
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Frozen fish, squid, and cuttlefish led the way, making up a third of total earnings, alongside major shipments of shrimp, crabs, and fishmeal; international buyers from China and Malaysia to the US and UAE are snapping up these products, driving a rapid expansion of Pakistan’s global footprint.
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During a meeting with US treasury secretary, the finance minister 'briefed the US Treasury Secretary on Pakistan's journey from achieving macroeconomic stability toward sustainable, export-led growth.'
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Eskandar Momeni notes that achieving the $10 billion trade target will require moving at least 2,000 trucks or containers across the Pakistan-Iran border every day.
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Muhammad Aurangzeb says Honeywell Technologies' investment will enhance Pakistan's domestic refining capacity and help reduce reliance on imported petroleum products.
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