Investments, trade deal: Pakistan, US in talks to finalise details
'The agreement with more details will be negotiated and discussed in the months ahead,' Bilal Azhar Kayani said in an interview with Bloomberg TV's Haslinda Amin.
Pakistan, US finalising trade deal, Kayani tells Bloomberg
Pakistan is looking to get better tariffs on some key exports to the US and trying to seal investment commitments in critical sectors like energy, mines and minerals, he added.
Copyright Business Recorder, 2025
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
5 hours ago
- Business Recorder
Allied Bank partners with CeDAR, LUMS
LAHORE: Allied Bank, one of Pakistan's leading commercial banks, has signed a Memorandum of Understanding (MoU) at Lahore University of Management Sciences (LUMS) with the Center for Digital Asset Research (CeDAR). This strategic partnership aims to drive innovation in blockchain technologies, explore digital asset use cases, and foster talent development in Pakistan. The MoU was formalized in the presence of senior leadership from both institutions. Representing Allied Bank were Mr. Mujahid Ali – Chief Technology & Digital Transformation, Mohsin Mithani – Chief Digital Officer, and Muhammad Zaman – Group Head, Digital Transformation & Innovation. From LUMS, attendees included Dr. Tariq Jadoon – Provost, Dr. Zartash Afzal Uzmi – Principal Investigator, Dr. Basit Shafia – Co-Principal Investigator, and Mr. Ali Khawaja – Director. Through this collaboration, Allied Bank and CeDAR will jointly pursue cutting-edge research, launch blockchain-based pilot initiatives, and co-develop tailored training programs to equip the next generation with expertise in emerging technologies. This initiative aims to bridge the gap between academia and industry, accelerating Pakistan's digital transformation in the financial sector. Copyright Business Recorder, 2025
Business Recorder
5 hours ago
- Business Recorder
PCJCCI hails FBR's move to withdraw ‘excessive' tax measures
LAHORE: Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) strongly welcomes the Federal Board of Revenue's (FBR) recent decision to withdraw the excessive and impractical tax measures proposed in the Federal Budget 2025–26. This reversal marks a critical step towards restoring business confidence and stabilizing Pakistan's fragile economic landscape. This decision, made possible through the direct support and intervention of Field Marshal General Asim Munir, reflects a deep understanding of the economic challenges facing the private sector and a genuine commitment to inclusive, sustainable growth. Zafar Iqbal, Acting President of PCJCCI, stated that the proposed tax measures would have directly impacted over 3.5 million small and medium enterprises (SMEs), threatened over 1.2 million jobs, and discouraged both local and foreign investment. Field Marshal Asim Munir's timely action has not only prevented this fallout but also sent a strong message of solidarity with the business community. He further added that Pakistan's GDP growth for FY 2024–25 was recorded at 2.4%, already below the projected 3.5% due to inflationary pressures and high interest rates. The industrial sector, contributing 19.1% to GDP, had shown a decline of 1.3% in the last quarter, mainly due to reduced business activity and investment uncertainty. Foreign Direct Investment (FDI) from China declined by 18% in FY 2024 compared to the previous year, largely attributed to tax unpredictability and regulatory instability. Salahuddin Hanif, Secretary General PCJCCI said that the reversal of these policies paves the way for enhanced bilateral cooperation under CPEC Phase II and renewed investor confidence from China. We are confident that this business-friendly shift will lead to increased joint ventures, job creation, and SME development. He also added that we reaffirm our commitment to contributing towards a resilient and globally competitive economy through strengthened Pakistan-China business collaboration. Copyright Business Recorder, 2025
Business Recorder
5 hours ago
- Business Recorder
PepsiCo Pakistan organises ‘Misal-e-Basti' policy dialogue
ISLAMABAD: PepsiCo Pakistan convened the Misal-e-Basti Policy Dialogue, on August 8, a closed-door high-level roundtable titled advancing water stewardship through model communities, with its strategic partner Sustainable Development Policy Institute (SDPI). The dialogue earned widespread institutional backing, bringing together senior leadership from the federal government, development institutions, diplomatic community, private sector, academia, and policy circles to mobilize cross-sector momentum for scaling community-based water and climate resilience models into national frameworks. The dialogue placed a spotlight on Misal-e-Basti, a pioneering Water Stewardship Model Community in Chak RS, Shujabad, near Multan, launched by PepsiCo Pakistan in collaboration with WWF-Pakistan and independently evaluated by SDPI. Launched on World Water Day 2023, the project was inaugurated a year later and, by mid-2025, had undergone a full independent impact assessment by SDPI. Chief Guest Dr Shezra Mansab Ali Khan Kharal, Minister of State for Climate Change and Environmental Coordination, commended the initiative, stating, 'Misal-e-Basti by PepsiCo Pakistan exemplifies how cross-sector collaboration between the public, private, and development sectors, alongside policy think tanks and most importantly the community, can scale solutions that advance sustainable development, climate resilience, and socio-economic progress. This model must be scaled up and embedded into national policy.' Copyright Business Recorder, 2025
