The newly elected president of Sri Lanka, Kumara Dissanayake, is congratulated by President Asif Ali Zardari on his electoral victory.

According to the President, President Anura Kumara Dasha Naike will lead to an improvement in the two nations’ bilateral ties.

In a number of areas of shared interest, the two nations have been collaborating quite effectively.

In light of the tragic deaths and injuries caused by the mine explosion in Tabas, Prime Minister Muhammad Shehbaz Sharif has sent President Pezeshkian and the Iranian people his sincere condolences.

The prime minister added, “Our thoughts and prayers are with the victims and their families,” in a statement.

The prime minister declared that Pakistan is supporting its Iranian brothers at this difficult moment.

Pakistan’s exports have increased dramatically since the beginning of the current fiscal year thanks to the Special Investment Facilitation Council. The Pakistan Bureau of Statistics reports that during the same period previous year, exports increased by 14%.

There was a 620 million dollar increase in exports to 5.1 billion dollars in August 2024. At the beginning of the fiscal year 2024–25, Pakistan’s trade deficit decreased by 4.2%, from 3.751 billion dollars to 3.6 billion dollars, thanks in part to this growth.

Nonetheless, there was a 1.3% annual decline in the importation of high-duty products like cars, appliances, and necessities like clothing and shoes.

As a result, the Government is taking steps to stabilize the economy and boost exports with support from SIFC.
To boost exports and promote economic expansion, a trade liberalization strategy has been finalized.

It is anticipated that by encouraging export expansion, reviving the industrial sector, and offering manufacturers financial incentives, these initiatives will increase economic stability.

Pakistan’s external debt has decreased recently thanks in part to the actions of the government.