[CLSTR]
< Back to situations

This situation has concluded

It was preserved as a record on August 24; the timeline below shows how it unfolded, with sources. Get the briefing to follow the top situations still developing: three emails a week, sourced and in order.

[SITUATION] · [QUIET] · [BUSINESS]

54 clusters · 87 sources · 99 days · First seen · Last updated

Pakistan‑Turkey partnership deepens, $5bn target

Overview

Prime Minister Shehbaz Sharif’s early‑July state visit to Turkey reaffirmed a bilateral ambition to raise trade from roughly $1.2 billion to $5 billion, backed by Turkish investments exceeding $2 billion and dozens of construction projects. The leaders also pledged cooperation in defence, energy, transport, critical minerals and IT, and pledged solidarity on regional issues.

Continuing that momentum, the Islamabad Chamber of Commerce and Industry announced a Pakistan‑Turkey Business Opportunity Conference in Istanbul for 13 August 2026. Backed by Special Assistant to the Prime Minister for Industries Haroon Akhtar Khan and ICCI President Sardar Tahir Mehmood, the event will host B2B sessions, sector‑specific meetings and a trade‑excellence award ceremony. Organisers aim to convert the $5 billion target into concrete joint‑ventures, technology transfers and expanded rail links, while highlighting Pakistan’s broader economic reforms such as a corporate‑tax cut to 25 percent.

Timeline

  1. [BUSINESS] 3 sources
    Pakistan‑Turkey trade conference set for Istanbul in August 2026

    ICCI will host a Pakistan‑Turkey Business Opportunity Conference in Istanbul on 13 August 2026, targeting a rise in bilateral trade to US$5 billion and featuring B2B meetings and government backing.

  2. [POLITICS] 3 sources
    Turkey and Pakistan pledge $5 billion trade boost in Ankara talks

    Turkey’s Erdoğan and Pakistan’s Sharif met in Istanbul, pledging to lift bilateral trade to $5 billion and deepen defence, energy and tech ties while urging regional diplomacy over Israel’s actions.

  3. [POLITICS] 3 sources
    Turkey's Erdoğan vows continued cooperation with Pakistan after bilateral talks

    Turkey’s President Erdoğan met Pakistan’s PM Sharif in Istanbul, pledging continued solidarity, condemning Israel’s actions, and targeting $5 bn in trade while expanding cooperation in energy, defence and a new

  4. [BUSINESS] 2 sources
    Turkey's TPAO to dispatch seismic survey ships to Pakistan by September

    Turkey's TPAO will send seismic survey vessels to Pakistan by September‑October 2025, with drilling expected within six months, covering three offshore and two onshore blocks and aiming to boost bilateral trade

  5. [POLITICS] 6 sources
    Pakistan Prime Minister Shahbaz Sharif visits Turkey for economic and energy talks

    Pakistan PM Shahbaz Sharif arrived in Turkey on July 3 for talks with President Erdogan covering trade, investment, energy, telecom and transport projects, and a joint business forum.

  6. [BUSINESS] 12 sources
    Turkey and Pakistan aim to lift bilateral trade to $5 billion, pledge $2 billion in investments

    Turkey and Pakistan set a $5 billion trade target, note Turkish investments over $2 billion, and discuss new joint projects at a high‑level business forum in Istanbul.

  7. [BUSINESS] 2 sources
    Pakistan PM Shahbaz Sharif invites Turkish firms to invest during Istanbul visit

    Pakistan’s PM Shahbaz Sharif met Turkish president and business leaders in Istanbul, urging Turkish firms to invest in Pakistan’s energy, infrastructure, IT and other key sectors.

  8. [POLITICS] 6 sources
    Pakistan PM Shehbaz Sharif visits Turkey, Iran to boost digital, investment ties

    Pakistan PM Shehbaz Sharif visited Turkey and Iran, meeting Turkish leaders and businesses to advance a digital corridor and attract Turkish investment, and attended Ayatollah Khamenei’s funeral in Tehran.

  9. [BUSINESS] 3 sources
    Turkey-Pakistan economic cooperation to expand in July visit

    Pakistan’s PM Shahbaz Sharif will visit Turkey on 2‑4 July for high‑level talks and a business forum, targeting a rise in bilateral trade to $5 billion and deeper cooperation in energy, transport and investment

  10. [BUSINESS] 2 sources
    Pakistani Trade Delegation Meets Ambassador Zahra in Paris to Boost Bilateral Commerce

    Pakistan’s GTEC led a trade delegation to Paris, meeting Ambassador Mumtaz Zahra to discuss expanding agriculture, IT, textile and food‑processing ties with France, pledging deeper bilateral cooperation.

  11. [BUSINESS] 2 sources
    Pakistan Reduces Mobile Phone and Import Taxes to Boost Affordability

    Pakistan will cut regulatory duties on imported phones by up to 20% and introduce PTA tax installments, while a broader tariff reform seeks to halve average import taxes by 2030.

  12. [POLITICS] 2 sources
    Pakistan lifts used‑car import ban and approves Rs74 bn interior ministry grants

    Pakistan will lift the five‑year ban on used‑car imports, cut duty to 30%, and apply new safety standards, while the National Assembly approved over Rs74 bn in Interior Division grants.

  13. [BUSINESS] 2 sources
    Pakistan secures seventh LNG shipment from Qatar as regional tensions ease

    Pakistan received its seventh LNG cargo from Qatar, with the MRAIKH tanker delivering 170,148 m³ to Port Qasim, bolstering energy security amid regional tensions.

  14. [BUSINESS] 2 sources
    Pakistan faces EU trade preference scrutiny over human‑rights record

    EU warns Pakistan that ongoing human‑rights and governance violations could end its GSP+ trade benefits after 2027, risking textile export growth.

  15. [BUSINESS] 4 sources
    Pakistan moves to cut tariffs on imported phones and cars

    Pakistan is considering tariff cuts on $200‑or‑less mobile phones and a 25‑50% duty reduction on cars, aiming to lower consumer prices but risking revenue loss and pressure on domestic auto makers.

  16. [BUSINESS] 2 sources
    Solar panel prices fall in Lahore after fuel price cuts

    Lahore solar panel prices fell by Rs 4,000‑9,000 after Pakistan cut fuel prices, lowering costs for households and businesses and prompting expected drops in battery prices.

  17. [POLITICS] 2 sources
    Islamabad Assembly Proposal Aims to Reduce Federal Tax Burden

    Federal Minister Tariq Fazal Chaudhry says creating an Islamabad assembly would keep costs flat, shift 80‑100 bn rupees of tax revenue to locals, and address rural‑urban gaps, pending public hearings by PM Shah

  18. [BUSINESS] 3 sources
    Pakistan power consumers face potential July bill increase

    Pakistan's CPPA has asked NEPRA to raise electricity tariffs by 82 paisas per unit, potentially adding Rs 12 billion to consumer bills in July, with a hearing set for 30 June.

  19. [HEALTH] 4 sources
    Pakistan to eliminate sales tax on sanitary products

    Pakistan will scrap the 18% sales tax on sanitary products and contraceptives after a legal challenge, aiming to improve women's health and reduce menstrual stigma.

  20. [POLITICS] 3 sources
    Pakistan PM Shehbaz Sharif urges opposition dialogue and provincial unity

    PM Shehbaz Sharif called for opposition dialogue, a Charter of Economy and Democracy, and fair resource sharing among Pakistan’s provinces, citing development projects and recent security sacrifices.

  21. [HEALTH] 3 sources
    Pakistan Eliminates Tax on Sanitary Products and Contraceptives

    Pakistan's 2026‑27 budget removes the 18% sales tax on sanitary pads, tampons, condoms and contraceptive medicines to improve affordability and access for women and families.

  22. [BUSINESS] 3 sources
    Pakistan solar panel prices surge after proposed sales‑tax hike

    Pakistan solar panel prices have risen sharply after proposals to increase sales tax to 18%, pushing 5‑kW systems to PKR 650,000 and causing market uncertainty and delayed commercial orders.

  23. [POLITICS] 2 sources
    Pakistan extends fuel‑saving austerity measures and revises shop hours until June 30

    Pakistan extended its austerity and fuel‑conservation measures to 30 June 2026, lengthening grocery store hours to 10 pm and setting new closing times for shops, restaurants and other venues.

  24. [BUSINESS] 2 sources
    Pakistan budget tax proposals threaten EV and solar growth

    Pakistan’s budget proposes a 25% tax on imported EVs and an increase to 18% on solar panels, risking growth in renewable energy that has saved $12 bn in fuel imports.

  25. [BUSINESS] 2 sources
    Pakistan unveils solar credit scheme for flat owners amid looming tax changes

    Pakistan launches a solar‑credit program for apartment dwellers and faces IMF‑driven proposals to lift tax breaks on solar panels and electric‑vehicle components, potentially raising costs in 2026.

  26. [BUSINESS] 3 sources
    Pakistan introduces solar wheeling policy as net‑metered solar output hits record

    Pakistan is drafting a solar wheeling policy to transfer rural‑generated solar credits to cities, while net‑metered solar output set a record in April 2026, boosting consumer savings and raising utility revenue

  27. [BUSINESS] 2 sources
    Pakistan revises tyre customs values and eyes 18% sales tax on all vehicles

    Pakistan updates customs values for imported tyres and proposes an 18% sales tax on all vehicles, likely raising prices and affecting auto demand.

  28. [BUSINESS] 2 sources
    Pakistan Secures LNG Cargoes to Meet Summer Energy Demand

    Pakistan is acquiring additional LNG cargoes—including a spot purchase from BP Singapore—to meet rising summer electricity demand, while restoring domestic gas output and using long‑term contracts with Qatar.

  29. [BUSINESS] 2 sources
    Pakistan raises GST on stationery to 18% starting July 2026

    Pakistan will raise GST on stationery from 10% to 18% on 1 July 2026 under the Finance Bill 2026‑27, a move urged by the IMF to broaden the tax base and increase revenue.

  30. [INTERNATIONAL] 2 sources
    Pakistan and EU deepen trade and security cooperation in Islamabad talks

    Pakistan’s PM Shehbaz Sharif and EU leader Kaja Kallas met in Islamabad to boost trade under GSP+, cooperate on climate and digital projects, and support regional peace mediation.

  31. [POLITICS] 5 sources
    Pakistan orders earlier market closures in Islamabad to curb energy use

    Islamabad orders markets to close by 8 p.m. and restaurants by 10 p.m. as Pakistan tightens energy‑saving rules; Punjab may revert to the same 8 p.m. limit from June 2.

  32. [BUSINESS] 2 sources
    Pakistan IMF Budget Talks Signal Possible Mobile Phone Tax Cuts

    Pakistan finalised IMF budget talks ahead of a June 5 budget, eyeing a 18% duty on premium smartphones that could lower iPhone and Samsung prices, amid debate over local manufacturer impacts.

  33. [BUSINESS] 2 sources
    Pakistan government proposes higher GST on solar panels and hybrid cars

    Pakistan's upcoming budget may lift GST on solar panels to 18% and on hybrid cars to up to 25%, while allocating Rs 830 bn for power subsidies and drafting a New Energy Vehicle policy.

  34. [POLITICS] 3 sources
    Pakistan Prime Minister Shehbaz Sharif launches four‑day China visit

    Pakistan’s PM Shehbaz Sharif begins a four‑day visit to China, meeting officials in Hangzhou and Beijing to bolster strategic ties, CPEC, and economic cooperation.

  35. [BUSINESS] 2 sources
    Pakistan hikes LNG prices by up to 28% in May

    Pakistan raised LNG prices up to 28% for May, affecting both distribution networks, as global energy costs rise and Qatar shipments arrive.

  36. [POLITICS] 2 sources
    Punjab courts uphold three‑month school summer break despite private school petition

    Lahore High Court keeps Punjab’s three‑month school summer break, rejecting a private‑school push to shorten it.

  37. [POLITICS] 2 sources
    KP Province Secures Federal Deal to Reopen CNG Stations

    Pakistan's KP province and federal government agree to reopen CNG stations and supply gas to end the fuel crisis.

  38. [POLITICS] 2 sources
    Pakistan's proposed 28th Amendment could extend government tenure beyond five years

    Pakistan's draft 28th amendment could let the federal government extend its term and delay elections under crisis conditions.

  39. [POLITICS] 5 sources
    Pakistan Prime Minister Shehbaz Sharif warns of external aggression during Quetta security tour

    PM Shehbaz Sharif warns of external aggression and leads Balochistan security meeting during Quetta visit.

  40. [BUSINESS] 3 sources
    Pakistan avoids June electricity price hike as government stabilises rates

    Pakistan’s Power Division says govt measures kept June 2026 electricity rates stable, averting a Rs5‑6 per unit increase.

  41. [BUSINESS] 2 sources
    Pakistan adjusts shop closure hours after Punjab market shutdown sparks backlash

    Punjab's 8 p.m. market closure hurts sales; Islamabad shops get hours extended until May 31.

  42. [BUSINESS] 19 sources
    Qatar's LNG Export Halt Hits Global Energy Markets as Pakistan Secures Limited Shipments

    Qatar's LNG exports are stalled by Hormuz closure, hurting global markets, while Pakistan manages to import two Qatar cargoes.

  43. [POLITICS] 3 sources
    Pakistan PM Shehbaz Sharif Calls for Unity on International Peace Day

    Pakistan PM Shehbaz Sharif urged unity and tolerance on the International Day of Living Together in Peace, highlighting human‑rights initiatives.

  44. [POLITICS] 2 sources
    Pakistan amendments spark debate on judicial independence, governance

    Pakistan's 26th and 27th amendments curb judicial independence, while a proposed 28th amendment pushes for presidential, merit‑based governance.

  45. [TECHNOLOGY] 2 sources
    Pakistan Telecom Authority Advances Spectrum Sharing Amid 5G Tax Hurdles

    Pakistan's PTA pushes spectrum sharing to speed 4G/5G, while high taxes and red tape threaten the rollout's economic gains.

  46. [TECHNOLOGY] 2 sources
    PTCL warns of week‑long internet slowdown in Pakistan due to submarine cable repair

    PTCL says Pakistan may face week‑long internet slowdowns from May 11‑18 as it repairs a submarine cable.

  47. [POLITICS] 2 sources
    Punjab government sets school summer break from May 22 to Aug 24

    Punjab sets school summer holidays from May 22 to Aug 24 amid rising heat, announced by Minister Rana Sikandar Hayat.

  48. [BUSINESS] 2 sources
    Pakistan telecom sector pushes for tax cuts on 5G devices and mobile services

    Pakistan telecom firms seek duty cuts on 5G gear and lower mobile taxes, while government reviews phone tax relief for overseas Pakistanis.

  49. [BUSINESS] 2 sources
    Pakistan government centralises high‑speed diesel imports under state oil firm

    Pakistan bars private firms from HSD imports, giving PSO sole authority to control fuel costs.

  50. [POLITICS] 2 sources
    Pakistan halts power outages after LNG deliveries arrive

    LNG arrivals end Pakistan’s load shedding, with officials cautioning potential rise in generation costs.

  51. [POLITICS] 2 sources
    Pakistan judiciary advances reforms as government backs judge transfers amid backlash

    Pakistan's judiciary holds a full-court session on reforms as the government backs Islamabad High Court judge transfers amid backlash.

  52. [POLITICS] 2 sources
    Pakistan seeks to remove licensing and fees for 25 kW solar installations

    Pakistan seeks NEPRA removal of licensing and fees for solar systems up to 25 kW following directives from the energy minister.

  53. [POLITICS] 2 sources
    Pakistan declares May 1 Labour Day public holiday nationwide; Sindh confirms province-wide observance

    Pakistan declares May 1 Labour Day public holiday nationwide; Sindh also observes May 1 with a three-day holiday next week.

  54. [POLITICS] 2 sources
    Pakistan ends free electricity for power-sector employees; Lahore High Court rules on abolition

    Pakistan ends free electricity for power-sector staff; Lahore High Court rules on abolition.

Sources

abbtakk.tv · aksam.com.tr · aksiyon.com.tr · americanbazaaronline.com · arabnews.pk · arynews.tv · avrupagazete.co.uk · benguturk.com · bolnews.com · borsagundem.com · bursahakimiyet.com.tr · capitalbay.news · centreline.com.pk · chitralnews.com · CNBC · cryptobriefing.com · culturalpolicy.com · customstoday.com.pk · dailykhabrain.com.pk · dailynewsupdate.net · dailytimes · dailytimes.com.pk · diabetes.ufl.edu · economia · en · en.dailypakistan.com.pk · europesays.com · express.pk · f5haber.com · finnsouts.com · flare.pk · FOX News - Most Popular · fuchsiamagazine.com · gazeteilksayfa.com · guide.notizie.it · gulf-insider.com · gulfnews.com · Guyana Chronicle · gymnasticsassociation.org · haber1.com · haber16.com · haber7.com · hackernews.com · hindinest.com · humnews.pk · independenturdu.com · indiapost · irusmeymangaze.com