Pakistan and Bangladesh have strengthened their trade and investment ties through a Memorandum of Understanding (MoU) signed by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Pakistan Readymade Garment Manufacturers and Exporters Association (PRGMEA). The MoU aims to drive sustainable growth, enhance competitiveness, and leverage the complementary strengths of both countries' garment and textile industries. Key highlights include sharing best practices, industrial collaboration, exchange of business delegations, participation in trade exhibitions, and shared objectives. Notable dignitaries such as Commerce Adviser SK Bashir Uddin and Pakistan's High Commissioner to Bangladesh Syed Ahmed Maroof attended the ceremony.
https://www.brecorder.com/news/40360381/apparel-sector-prgmea-bgmea-sign-mou-to-drive-export-growthPakistan's Prime Minister met with Albares, where they discussed regional developments, including Indian propaganda and Pakistan's concerns over the Indus Waters Treaty. Pakistan expressed its commitment to regional peace and security, while Albares welcomed a transparent investigation into the issue. Both leaders agreed to strengthen cooperation at bilateral and multilateral levels.
https://www.brecorder.com/news/40360388/dar-us-official-discuss-regional-peacePakistan's Consul General Khalil Bajwa is promoting the country's products at an exhibition in Toronto, aiming to increase trade volume with Canada, which currently stands at $400 million. The event was coordinated by the Ministry of Commerce and Pakistani businesses, but some exhibitors faced visa issues that left their stalls unmanned. Pakistan's High Commissioner Muhammad Saleem also visited the pavilion, meeting with Global Affairs Canada officials amid escalating tensions between Pakistan and India.
https://www.geo.tv/latest/602630-pakistani-pavilion-with-10-stalls-features-at-sial-exhibition-in-torontoPakistan's Sharjeel Inam Memon stated that the country is not intimidated by India's political manoeuvres and has already exposed India's true face through the presence of an Indian agent like Kulbhushan Jadhav. He criticized India's security agencies for their failure in preventing the Pahalgam incident, which he described as a complete failure. Memon also highlighted Pakistan's commitment to freedom of expression, contrasting it with India's blocking of Pakistani media outlets and YouTubers. He warned that if the Indus Waters Treaty is breached, Pakistan will respond appropriately, citing Chairman Bilawal Bhutto's warning that "blood will flow in the river" if water does not flow.
https://www.brecorder.com/news/40360398/war-will-be-political-military-suicide-for-india-sharjeelPoland expects Turkey to play a significant role in shaping the new European security structure, according to Anna Radwan, Poland's Deputy Foreign Minister. During an informal EU meeting in Warsaw, Turkish Foreign Minister Hakan Fidan will discuss defense cooperation and security matters with Polish officials.
https://www.hurriyetdailynews.com/poland-sees-important-role-for-turkiye-on-european-security-208683Senate Democrat Chuck Schumer criticized President Trump's economic policies, stating they are harming the US economy. The Trump administration paused tariffs on dozens of countries for 90 days to facilitate trade talks, but increased duties on China to 145%, sparking a response from Beijing with targeted measures against US goods. Economists at Wells Fargo warned that the US economy is at a greater risk of recession due to the sudden change in trade policy, citing the largest drag from net exports in over half a century.
https://www.victoriaadvocate.com/news/nation/us-economy-unexpectedly-shrinks-trump-blames-biden/article_873007f4-5c3d-503b-8009-6dc541dd36d9.htmlThe US Senate rejected a bipartisan bill aimed at blocking President Donald Trump's tariffs, with Senator Ron Wyden speaking out against the measure. The decision came as the nation's economy contracted for the first time in three years due to Trump's tariff policies. The bill sought to terminate the national emergency declared by Trump, which imposed 10% global tariffs on US trading partners and higher reciprocal tariffs on 57 countries including the European Union.
https://www.asiaone.com/world/us-senate-rejects-bill-rein-trump-tariffs-economy-contractsPakistan Prime Minister Shehbaz rejected India's attempts to link Pakistan to the Pahalgam incident, calling for a transparent and credible investigation. He emphasized Pakistan's role in the war on terror, citing over 90,000 lives lost and $152 billion in economic losses. The PM also criticized India's use of water as a weapon, highlighting the Indus Waters Treaty's lack of provision for unilateral renege. Shehbaz stressed the importance of resolving the Kashmir dispute for lasting peace in South Asia, and highlighted cooperation opportunities with the US on counter-terrorism and economics, particularly in the minerals sector.
https://www.tbsnews.net/world/us-mediates-between-india-pakistan-de-escalate-tensions-following-pahalgam-attack-1130941Ukraine's Prime Minister Denys Shmyhal has urged the EU to adopt trade reforms that benefit Ukraine without disproportionately harming neighboring countries. He argues that substantial guaranteed and ongoing multi-industry trade liberalization is necessary for Ukraine to rebuild its industries, create jobs, and recover its economy. Shmyhal warns that failing to strike a preferential trade deal could cost Ukraine €3 billion annually, potentially reducing its GDP by 1 percent. He suggests that the EU-Ukraine Association Agreement should contain exceptions and proposes a minimum import price threshold to shield local farmers.
https://www.rferl.org/a/eu-ukraine-trade-autonomous-measures-end/33401243.html