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Articles for tag: Asia-Pacific, Combating, commercial agreement, common rules, economic cooperation, multilateral trade, protectionism, RCEP, Trade, trading order

January 7, 2025

News Desk

Combating trade protectionism

Listen to the article KARACHI: The US aggressively pursues hegemonic protectionism in international trade and the supply chain, while adopting a tariff regime that supports its own industries and reduces business opportunities for others. In this situation, many countries are becoming increasingly willing to strengthen economic coalitions, such as the Regional Comprehensive Economic Partnership (RCEP), which aims to safeguard trade interests and strengthen their respective economies. In August 2012, 16 ministers of different economies approved rules and objectives for the negotiation of the RCEP. Negotiations were held by leaders of 10 member states of the Association of Southeast Asian Nations

October 16, 2024

Hamza Azhar Salam

Pakistan Arrives at the Big Boys’ Table (Opinion)

Islamabad, long seen as a silent guest in international diplomacy’s lofty chambers has now firmly pulled up a chair at the big boys’ table and this time, it’s hosting the party. The Shanghai Cooperation Organization (SCO) summit in Islamabad isn’t just about handshakes and photo ops, it’s a bold statement. Pakistan won’t remain a quiet observer anymore. A nation more renowned for cricket, mangoes and a volatile security paradigm is now hosting heavyweight discussions on regional defence, economic cooperation and all those high-stakes issues that make global leaders sweat. Who would’ve thought? This summit may be considered as Pakistan’s Great

October 14, 2024

Hamza Azhar Salam

Pakistan’s ‘Diplomatic Waltz’ with China

Pakistan and China have been “iron brothers” longer than many of us have been alive, a partnership so robust it could make even the most stoic neighbour glance over the fence with a glint of envy. As Premier Li Qiang hobnobs in Islamabad ahead of the Shanghai Cooperation Organization (SCO) summit, the stage is set for Pakistan to emerge as a power broker, not in Asia but far beyond. India’s complex dynamics with China add a twist to the tale and Islamabad might just dance its way into a more influential role. The Pakistan-China dynamic is the stuff of legends,

January 25, 2024

News Desk

Economy for Better: Fitch

Islamabad: Fitch Ratings has recommended that Pakistan remain in the International Monetary Fund’s (IMF) loan program for years to come, as bailouts have supported economic stabilization and raised creditworthiness. Pakistan’s economy was expected to outperform other regions amid a global economic slowdown in the current financial year. At the APAC Credit Outlook Conference on Wednesday, the global rating agency recalled that it had upgraded Pakistan’s credit rating to ‘CCC’ in July 2023 after the country secured its $3 billion loan facility in June. Earlier, the agency downgraded the country’s rating to ‘CCC-‘ in February 2023 after its foreign exchange reserves

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