Skip to content
Search

Latest Stories

Imran Khan says no trade with India under current circumstances

PRIME MINISTER Imran Khan after consultations with key members of his cabinet said under current circumstances Pakistan cannot go ahead with any trade with India, a media report said.

Initially having agreed to import cotton and sugar from neighbouring India, Pakistan did a U-turn.


According to a report in the Dawn newspaper, Khan on Friday (2) has instructed the Ministry of Commerce and his economic team to immediately take steps to facilitate the relevant sectors, value added, apparel and sugar, by finding alternative cheap sources of import of the needed commodities.

Various proposals have been presented to the Economic Coordination Committee (ECC) which considers these suggestions from an economic and commercial point of view. After consideration by the ECC, its decisions are presented to the Cabinet for ratification and final approval, the report said.

In the present case, a proposal was presented to the ECC to allow the import of cotton, cotton yarn and sugar from India keeping in view domestic requirements.

After the ECC decision, Khan held consultations with key members of his cabinet and decided that Pakistan could not go ahead with any trade with India under the current circumstances.

More For You

Trump moves to bar large investors from buying single-family homes to curb prices

House prices soared to record levels in the US during the pandemic before slipping back

iStock

Trump moves to bar large investors from buying single-family homes to curb prices

Highlights

  • Trump announces immediate steps to ban large institutional investors from purchasing single-family homes.
  • President to call on Congress to codify measure and unveil housing proposals at Davos World Economic Forum.
  • Median US home sale price stands at $410,800 as affordability concerns persist despite election promises.

Donald Trump has announced his administration will move to ban large institutional investors from buying single-family homes in a bid to reduce house prices.

In a post on Truth Social, his social media platform, the US president said he would ask Congress to codify the measure and discuss additional housing and affordability proposals at the Davos World Economic Forum in Switzerland.

Keep ReadingShow less