Business
Pakistan, Bahrain set sights on US$1b trade target | The Express Tribune
PM Shehbaz receives Bahrain’s highest state honour, the Order of Bahrain (First Class), during meeting with King Hamad
Prime Minister Shehbaz Sharif receives a guard of honour at Al-Qudaibiya Palace in Manama on November 26, 2025. Photo: APP
Prime Minister Shehbaz Sharif and Bahrain’s Crown Prince and Prime Minister Prince Salman bin Hamad Al Khalifa have agreed to raise Pakistan–Bahrain bilateral trade to US$1 billion within three years, setting one of the strongest economic goals between the two countries in recent years.
The commitment was made during a meeting at Qasr Al-Qudaibiya in Manama, where both leaders placed economic cooperation at the centre of their discussions. Current trade between the two nations stands at more than US$550 million, with both sides expressing readiness to accelerate growth through the nearly finalised Pakistan–GCC Free Trade Agreement and recent visa relaxations aimed at improving business mobility.
PM Shehbaz invited Bahraini investors to explore opportunities in food security, IT, construction, mining and minerals, renewable energy, health, and tourism. He also proposed enhanced port-to-port connectivity between Karachi or Gwadar and Khalifa bin Salman Port to facilitate smoother trade flows. The two leaders reviewed defence and security ties, agreeing to expand cooperation in training, cybersecurity, defence production, and information exchange.
Prime Minister Muhammad Shehbaz Sharif in delegation level talks with Bahrain’s leadership at the Al-Qudaibiya Palace. Photo: APP
The premier thanked Bahrain for its longstanding support to the more than 150,000-strong Pakistani community and reaffirmed Islamabad’s commitment to supplying more skilled workers. He also acknowledged Bahrain’s assistance in constructing King Hamad University in Islamabad and in facilitating the release and repatriation of Pakistani nationals.
PM Shehbaz also congratulated Bahrain on securing a two-year non-permanent seat on the UN Security Council for the 2026–27 term, expressing Pakistan’s readiness for close coordination during its tenure.
Both sides also exchanged views on developments in Gaza, expressing hope that recent steps toward stability would bring long-awaited relief to its people. The meeting concluded with optimism that the renewed dialogue would deliver tangible progress across strategic, economic, security, and people-to-people ties.
Earlier, upon his arrival at the palace, the premier was presented with a guard of honour.
Meeting with King Hamad
Later, the prime minister met with King Hamad bin Isa Al-Khalifa, and the two countries agreed to deepen cooperation across political, economic, defence, and cultural spheres.
Both leaders reaffirmed the importance of Pakistan and Bahrain’s longstanding defence partnership and agreed to further strengthen cooperation in training, logistics, manpower, and defence production.
Touching upon the economic cooperation, the premier underscored Pakistan’s intention to boost trade and investment, noting that bilateral commerce is set to expand once the Pakistan–GCC Free Trade Agreement—now in its final stages—is concluded.
They also exchanged views on developments in Gaza, agreeing that peace and stability for its people were long overdue.
The prime minister reaffirmed Pakistan’s commitment to strengthening bilateral ties anchored in shared faith and mutual respect. He thanked the monarch for Bahrain’s longstanding support, including the establishment of the King Hamad University for Nursing and Allied Medical Sciences in Islamabad, inaugurated in September.
PM Shehbaz welcomed recent high-level exchanges and expressed gratitude for Bahrain’s solidarity following recent terrorist attacks in Pakistan.
King Hamad informed the prime minister that Bahrain once had the privilege of being represented at a legal forum by Quaid-e-Azam Muhammad Ali Jinnah, noting that Pakistan’s founding father served as Bahrain’s lawyer for many years.
During the meeting, King Hamad conferred the Order of Bahrain (First Class) on PM Shehbaz— the kingdom’s highest award presented to heads of state and government.
Crown Prince and Prime Minister of Bahrain H.R.H. Salman bin Hamad Al Khalifa receives Prime Minister Muhammad Shehbaz Sharif at Bahrain International Airport in Manama.
(Manama: November 26, 2025) pic.twitter.com/NQw3HtxKMf
— Prime Minister’s Office (@PakPMO) November 26, 2025
Earlier in the day, upon landing at Bahrain International Airport, the premier was received by Crown Prince and Prime Minister Prince Salman bin Hamad Al Khalifa, Foreign Minister Abdullatif bin Rashid Alzayani, and senior Bahraini officials.
Deputy Prime Minister and Foreign Minister Senator Ishaq Dar, Interior Minister Mohsin Naqvi, Information Minister Attaullah Tarar, Minister of State Bilal Azhar Kayani, and senior officials are accompanying the prime minister on the visit.
Business
Gold On Sale In Dubai? Here’s Why Prices Have Dropped By $30 Per Ounce
Last Updated:
Gold is sold at a discount in Dubai due to Middle East conflict disrupting flights. Traders offer up to $30 per ounce less than London prices.

Dubai Gold Selling Cheaper As Iran War Grounds Flights
Gold is being sold at a discount in Dubai as the widening conflict in the Middle East disrupts flights and hampers the movement of bullion from one of the world’s key trading hubs.
According to a Bloomberg report, traders in Dubai are offering discounts of up to $30 per ounce compared to the global benchmark price in London. The unusual price cut comes as shipments remain stranded due to flight disruptions triggered by the escalating conflict involving Iran and Israel.
Dubai is a key global centre for refining and exporting gold to markets across Asia, including India. However, partial airspace restrictions and heightened security risks have slowed the movement of bullion out of the region.
Why Gold Is Being Sold Cheaper
Gold is typically transported in the cargo holds of passenger aircraft. With several flights from the UAE restricted amid regional tensions, traders are struggling to move bullion to international markets.
At the same time, insurance and freight costs have surged, making shipments more expensive and uncertain. Many buyers have therefore stepped back from placing new orders, unwilling to bear high logistics costs without assurance of timely delivery.
To avoid paying prolonged storage and financing costs while shipments remain stuck, some traders are offering gold at discounted prices.
Although transporting bullion by road to airports in neighbouring countries such as Saudi Arabia or Oman is theoretically possible, logistics firms are reluctant due to the risks and complications of moving high-value cargo across land borders during a conflict.
What It Means For India
India, one of the largest buyers of gold shipped from Dubai, could face short-term supply disruptions if the situation continues.
Renisha Chainani, head of research at Augmont Enterprises Ltd., said several cargo shipments have already been delayed, creating temporary tightness in the availability of physical bullion in India.
However, industry experts as reported by Bloomberg say the immediate impact may remain limited as domestic inventories are currently comfortable after heavy imports earlier this year.
Chirag Sheth, principal consultant for South Asia at Metals Focus, said Bloomberg that India has ample stocks for now, but warned that prolonged disruptions could eventually affect supply if the conflict continues for several months.
Meanwhile, global gold prices have surged this year amid geopolitical uncertainty, with spot gold recently trading above $5,000 per ounce.
Follow News18 on Google. Join the fun, play games on News18. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. To Get in-depth analysis, expert opinions, and real-time updates. Also Download the News18 App to stay updated.
March 08, 2026, 10:03 IST
Read More
Business
70% of adults without a licence say learning to drive is unaffordable
Some seven in 10 British adults without a full driving licence say learning to drive is currently unaffordable, according to a survey.
The figure is even higher among younger people, with 76% of 18 to 29-year-olds without a licence saying driving lessons are financially out of reach, the poll for car insurer Prima found.
Overall, 38% said the cost of driving lessons was the biggest deterrent to learning to drive.
Some 32% were put off by the price of buying a car and 15% said the cost of car insurance was the main barrier to learning to drive.
Almost half (45%) said they would consider learning to drive if it became significantly cheaper.
Nick Ielpo, UK country manager at Prima, said: “For a growing number of people, driving is no longer a symbol of freedom – it’s a financial stretch too far.
“Between lessons, buying a car and insuring it, the upfront and ongoing costs are pricing many people out before they even start.”
Find Out Now surveyed 1,134 adults who do not hold a full driving licence between January 21 and 23.
Business
Go Digit General Insurance gets GST demand notice of Rs 170 cr – The Times of India
Go Digit General Insurance on Saturday said it has received a demand notice of about Rs 170 crore for short payment of goods and services tax (GST) for nearly five years. The company has received an order copy from the Office of the Commissioner of GST & Central Excise, Chennai South Commissionerate on March 6, confirming GST demand of Rs 154.80 crore levying penalty of Rs 15.48 crore and Interest u/s 50 of CGST Act, 2017 for the period July 2017 to March 2022, the insurer said in a regulatory filing. The company is in the process of evaluating the legal advice on the implications and would file an appeal, it said.
-
Sports1 week agoLPGA legend shares her feelings about US women’s Olympic wins: ‘Gets me really emotional’
-
Business1 week agoIndia Us Trade Deal: Fresh look at India-US trade deal? May be ‘rebalanced’ if circumstances change, says Piyush Goyal – The Times of India
-
Fashion1 week agoSouth Korea’s Misto Holdings completes planned leadership transition
-
Entertainment1 week agoPakistan’s semi-final qualification scenario after England defeat New Zealand
-
Entertainment1 week agoBobby J. Brown, “The Wire” and “Law & Order: SUV” actor, dies of smoke inhalation after reported fire
-
Business1 week agoCNBC To Merge TV And Digital News Operations, Nearly A Dozen Jobs To Be Cut: Report
-
Business1 week agoGreggs to reveal trading amid pressure from cost of living and weight loss drugs
-
Business1 week agoData tool to spot Cambridgeshire families due financial support
