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FinMin leaves for World Bank-IMF spring meetings in US | The Express Tribune

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FinMin leaves for World Bank-IMF spring meetings in US | The Express Tribune


Finance Minister Muhammad Aurangzeb speaks during a Reuters interview at the 2025 annual IMF/World Bank Spring Meetings in Washington, DC, US, April 25, 2025. Photo: Reuters/ File

Finance Minister Muhammad Aurangzeb has departed for the United States to attend the World Bank Group–International Monetary Fund (IMF) spring meetings 2026, where he is set to engage global financial leaders, policymakers and investors in a packed schedule of over 50 meetings, finance ministry posted on X on Saturday.

According to the Ministry of Finance, the meetings, scheduled in Washington, DC from April 13 to 18, will see Pakistan present its economic outlook, reform trajectory and investment potential at key multilateral and bilateral forums.

Ahead of the formal sessions, the finance minister will visit Boston to attend the Pakistan Conference at Harvard University, where he will interact with academics, policymakers and the Pakistani diaspora.

The statement said that the minister will participate in events hosted by the IMF and the World Bank Group, alongside a series of high-level bilateral engagements with global financial leaders and development partners.

On the sidelines, Aurangzeb is scheduled to meet senior officials of international financial institutions, including Anna Bjerde, Makhtar Diop and Tsutomu Yamamoto, as well as key IMF figures such as Nigel Clarke and Jihad Azour. He will also hold talks with officials from the US State Department and the Treasury, and meet US Trade Representative Jamieson Greer to discuss avenues for strengthening bilateral economic cooperation and support for Pakistan’s reform agenda, it added.

Also Read: IMF review tied to governance

The finance minister is expected to engage with leading global financial institutions and corporations, including Citibank, JP Morgan Chase, Franklin Templeton and Rothschild & Co, as part of efforts to attract investment, the statement read. He will also meet counterparts from partner countries, including China, Saudi Arabia, United Arab Emirates, Turkiye and the United Kingdom.

Among key multilateral engagements, Aurangzeb will attend the G-24 finance ministers’ meeting and the coalition of finance ministers for climate action, and participate in policy dialogues on global economic stability, financial reforms and climate finance.

Read More: IMF cuts Pakistan visit short

It further stated that a major highlight will be Pakistan’s participation in a World Bank-hosted roundtable on digital social protection, where the country will showcase its experience with government-to-person payments through the Benazir Income Support Programme which is a flagship social protection initiative, providing financial assistance to low-income households, particularly women.

The statement added that the minister is also scheduled to attend investment forums hosted by major financial institutions, and a dedicated event on Roshan Digital Accounts organised in collaboration with the State Bank of Pakistan to promote remittance inflows. Aurangzeb will further engage with global credit rating agencies, including Fitch Ratings, Moody’s and S&P Global, as well as speak at the Atlantic Council.

The finance ministry concluded that the visit reflects Pakistan’s “proactive and constructive engagement with the global economic community” and underscores its commitment to macroeconomic stability, structural reforms and sustainable growth.





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India-US trade deal back in focus: Indian delegation to visit Washington next week for talks – The Times of India

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India-US trade deal back in focus: Indian delegation to visit Washington next week for talks – The Times of India


In February, the two countries had announced that they had finalised the framework for the first phase of their bilateral trade pact. (AI image)

India-US trade deal update: Months after India and the US announced an interim trade agreement that reduces tariffs on India to 18%, an official Indian delegation is set to travel to Washington next week for discussions with US authorities, a government source said on Wednesday.According to a PTI source, the visit is scheduled for next week. The agreement had originally been expected to be signed in March, but developments in the Donald Trump tariff regime following a ruling by the Supreme Court of the United States have changed the circumstances.

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In this light, the talks between trade representatives of India and the United States are seen as particularly significant. Officials had earlier indicated that the deal would be concluded only after clarity emerges on the revised tariff structure in the United States.In February, the two countries had announced that they had finalised the framework for the first phase of their bilateral trade pact. As part of this understanding, the US had agreed to bring down tariffs on Indian goods to 18 per cent.However, the tariff environment in the US shifted after the court struck down sweeping reciprocal tariffs introduced by President Donald Trump. Subsequently, the US administration imposed a uniform 10 per cent tariff on imports from all countries for a period of 150 days starting February 24.Amid these changes, a planned meeting between the chief negotiators from both sides was deferred last month. The two countries had been scheduled to meet in February to finalise the legal text of the agreement.At the time the framework was agreed, India enjoyed a relative advantage over competing nations. That edge has since narrowed, as all US trading partners are now subject to the same 10 per cent tariff.The upcoming talks will also be crucial in the context of two ongoing investigations initiated by the Office of the United States Trade Representative under Section 301.On March 12, the USTR launched a probe covering around 60 economies, including India and China. The investigation aims to assess whether policies or practices related to the enforcement of bans on goods produced using forced labour are unreasonable or discriminatory, or whether they restrict US trade.A day earlier, on March 11, the USTR had initiated another Section 301 investigation focusing on the policies and industrial practices of 16 economies, including India and China.



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Lidl and Iceland ads banned under new ‘less healthy’ food rules

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Lidl and Iceland ads banned under new ‘less healthy’ food rules


Ads for supermarkets Lidl and Iceland have become the first to be banned under new rules governing “less healthy” food and drink.

The rules, which came into effect at the beginning of the year, are part of Government efforts to tackle childhood obesity by preventing ads for food and drink that is high in fat, salt and sugar (HFSS) appearing on television between 5.30am and 9pm, and online at any time.

The new ban applies to products that fall within 13 categories considered to play the most significant role in childhood obesity, including soft drinks, chocolates and sweets, pizzas and ice creams, but also breakfast cereals and porridges, sweetened bread products, and main meals and sandwiches.

Undated handout photo issued by the Advertising Standards Authority (ASA) of an Emma Kearney Lidl Instagram post. (ASA/PA Wire)

Products that fall into these categories are than also assessed as to whether they are “less healthy” based on a scoring tool that considers their nutrient levels and whether products are high in saturated fat, salt or sugar.

Only products that meet both of the two criteria are included in the restrictions.

The Advertising Standards Authority (ASA) said an Instagram post for Lidl Northern Ireland by influencer Emma Kearney featured the grocer’s cheese pretzel, which was not categorised as HFSS and therefore did not fall within the restrictions, and its Pain Suisse product, which was classified as both HFSS and a sweetened bread product and was therefore banned under the new rules.

Lidl said the ad had been removed and they had liaised with their marketing agency to ensure that all future ads complied with the new rules.

In a separate case, Iceland confirmed that two ads included a tub of Swizzles Sweet Treats, a packet of Chupa Chups Laces, a bag of Chooee Disco Stix and a bag of Haribo Elf Surprises, which were all classified as HFSS.

They also provided nutrient profile information from their supplier which confirmed that Pringles Sour Cream & Onion crisps, also included in the ads, were not an HFSS product.

Iceland’s Luxury Aberdeen Angus Beef Roasting Joint, Vegetable Spring Rolls, Sticky Chicken Skewers and Lurpak Spreadable Butter, which were also included in the ads, did not fall within the new restrictions.

(PA)

The ASA did not uphold a complaint against an Instagram post by influencer John Fisher – known to many as Big John – which featured him promoting menu items at a new German Doner Kebab outlet because the specific items shown in the ad were not classified as less healthy foods.

The watchdog also cleared a TV ad for On The Beach promoting free airport lounge access which featured a boy approaching a buffet and taking a chocolate ring doughnut.

The ASA said viewers would see the ad as showing an example of what was available in the lounge rather than for the doughnut itself, meaning it did not break the rules.

ASA chief executive Guy Parker said: “As the ad regulator, our role is to remain impartial and independent, making sure our new LHF rules, which reflect the law, are applied fairly and consistently.

“These initial rulings are an important step in building a clearer picture of how the rules are applied in reality.

“We’ll be continuing to play our role in administering and enforcing them, including by using tech-assisted proactive monitoring.”

An Iceland spokesman said: “The products highlighted were part of a bigger range in the specific display ad and were featured due to a technical fault with a data feed from a third-party supplier.

“As the ASA has pointed out, these initial rulings are helping to build a clearer picture of how the new rules are applied, following the initial confusion and debate around the regulations.”



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Crisis grants launched for struggling Bradford families

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Crisis grants launched for struggling Bradford families


At a meeting of the local authority’s executive on Tuesday, MacBeath said the scheme aimed to move beyond emergency aid by helping families become more financially “resilient”, offering advice on managing money, accessing benefits, reducing debt and finding work.



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