Pakistan and the International Monetary Fund (IMF) will today conduct virtual discussions regarding Pakistan’s federal budget for 2025-26, seeking to address key economic challenges while agreeing on measures necessary for financial stability in the country.Discussions will center around several critical areas, including strategies to reduce circular debt in Pakistan’s gas sector – currently estimated at...
Category: Business
Pakistan Denies Targeting of Golden Temple and Expresses Deep Admiration for All Places of Worship
Islamabad, May 2025 — In response to recent allegations by Indian media suggesting that Pakistan targeted the Golden Temple of Amritsar during a reported drone operation, Pakistan’s Ministry of Foreign Affairs issued a strong statement disproving those claims while emphasizing their respect for all places of worship, regardless of religion. Mumtaz Zahra Baloch of Pakistan’s...
China To Assess Up To 74.9 Percent Anti-Dumping Duties on Industrial Plastic Imports
China’s Ministry of Commerce announced on May 19th 2025 the imposition of anti-dumping duties of up to 74.9% on imports of polyoxymethylene copolymers (POM), an industrial plastic, from the United States, European Union, Japan and Taiwan. This decision follows a year-long investigation conducted starting May 2024 which revealed these imports were sold below fair market...