Business
Pakistan eyes BRICS+ to boost trade | The Express Tribune
LAHORE:
Pakistan’s fashion and textile industry is stepping into a new era of global engagement as the BRICS+ Fashion Summit 2025 in Moscow opens fresh opportunities for trade diversification and cultural diplomacy.
The event, endorsed by more than 50 of the world’s leading fashion weeks, has provided a vital platform for countries like Pakistan to showcase their textile artistry, innovation and craftsmanship to non-traditional markets beyond the West.
The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) hailed the successful organisation of the summit and called for using this international platform to strengthen Pakistan’s trade and fashion outreach across Central Asia and Russia.
Mubashar Naseer Butt, PRGMEA’s former central chairman who represented Pakistan for the third time at the summit, said the BRICS+ initiative presents a major opportunity to diversify Pakistan’s export markets beyond the West by building stronger linkages with the fast-growing Eurasian economies.
“BRICS+ is not just an exhibition, it is a bridge between economies, cultures and people,” Butt said. “Pakistan has the creativity, production capacity and craftsmanship to excel in new markets. The summit allows us to project our textile heritage, from Ajrak and Pashmina to embroidered fashion collections, in ways that connect with global buyers seeking authenticity and diversity.”
The BRICS+ Fashion Summit, which brought together participants from more than 100 emerging and established markets, also led to the formation of the BRICS International Fashion Federation (BRICS IFF). Supported by dozens of international fashion weeks, the federation aims to foster cross-cultural collaboration, sustainability and innovation through design and technology.
For Pakistan, participation in such global platforms is crucial as it looks to lessen its export dependence on the West. Textile exports, the backbone of the national economy, stood at $17.88 billion in fiscal year 2024-25, according to the Pakistan Bureau of Statistics. However, nearly two-thirds of these exports still go to traditional Western destinations, mainly the United States and the European Union.
Butt emphasised that Pakistan is ideally positioned to act as a trade bridge between South Asia, Central Asia and Europe. To turn that geographical advantage into tangible results, he called for the creation of a Pak-Russia Business Council under the BRICS+ framework and the establishment of reliable banking channels to ensure smooth transactions between Pakistani exporters and Russian importers.
He also urged for visa facilitation for business leaders and more structured participation of Pakistani brands in the upcoming BRICS+ fashion events.
Nisar Ahmed, a textile trader, said that platforms like BRICS+ offer a much-needed space for Pakistan’s textile sector to evolve. “To tap the true potential of this platform, Pakistan has to show the world its creativity while speeding up value addition in textile products,” he said. “Our competitors are already blending heritage with high fashion and technology. If we want to remain relevant, we must invest in modern design capabilities, sustainable production and quick delivery models,” he added.
The BRICS+ summit also highlighted the growing importance of Fashion Tech – a field that merges technology with fashion through innovations like 3D clothing modeling, smart fabrics and virtual try-ons. Such advancements, experts believe, can help Pakistan cut production costs, improve design efficiency and align with sustainability standards increasingly demanded by global buyers.
However, experts agree that Pakistan’s textile future depends on how fast it adapts to new realities. While cultural richness gives Pakistan an edge, the country’s real breakthrough lies in innovation, consistency and global visibility.
“Fashion today is about more than fabric, it’s about storytelling, technology and speed. If Pakistan combines all three, the world will start looking towards us not just as a manufacturer, but as a trendsetter.” Ahmed said, adding “this is the only way for Pakistan to increase the export revenue towards $25 billion per year, a landmark figure, which is still a dream for country’s vibrant sector.”
Business
Noida International Airport inauguration: Delhi-NCR gets new airport – all you need to know – The Times of India
NEW DELHI: Prime Minister Narendra Modi on Saturday inaugurated Phase I of the Noida International Airport at Jewar in Uttar Pradesh, marking a significant milestone in India’s expanding aviation infrastructure.PM Modi was accompanied by Uttar Pradesh chief minister Yogi Adityanath and Governor Anandiben Patel.
Developed at an investment of around Rs 11,200 crore under a Public–Private Partnership (PPP) model, the project is expected to enhance both regional and international connectivity for the National Capital Region (NCR).The airport is being positioned as a key addition to India’s aviation network, aimed at easing pressure on existing infrastructure while supporting the country’s ambition of becoming a global aviation hub.
Second international gateway for Delhi NCR
Noida International Airport has been developed as the second international gateway for Delhi NCR, complementing the existing Indira Gandhi International Airport, which currently handles the majority of the region’s air traffic.
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With rising passenger demand and capacity constraints at IGI Airport, the new facility is expected to play a crucial role in distributing traffic more efficiently.Together, the two airports will function as an integrated aviation system, helping reduce congestion, improve connectivity, and enhance the region’s standing among leading global aviation hubs.
Phase I capacity and future expansion plans
Phase I of the airport is designed to handle 12 million passengers per annum (MPPA), providing immediate relief to the region’s growing air travel demand.The project has been planned with scalability in mind, with provisions to expand capacity to 70 million passengers annually in subsequent phases. This long-term vision reflects the government’s strategy to future-proof infrastructure and accommodate sustained growth in air travel.
Modern infrastructure and all-weather operations
The airport features a 3,900-metre runway capable of handling wide-body aircraft, making it suitable for both domestic and international long-haul operations.
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Equipped with advanced navigation systems such as the Instrument Landing System (ILS) and modern airfield lighting, the facility is designed to support efficient, all-weather, round-the-clock operations. These features ensure operational reliability even under challenging weather conditions.
Cargo hub and logistics ecosystem
In addition to passenger services, the airport includes a comprehensive cargo ecosystem aimed at strengthening logistics and trade.The Multi-Modal Cargo Hub comprises an Integrated Cargo Terminal and dedicated logistics zones, with an initial handling capacity of over 2.5 lakh metric tonnes annually. This capacity is expected to expand significantly to around 18 lakh metric tonnes in the future, positioning the airport as a major cargo and logistics centre in North India.
Dedicated MRO facility to enhance efficiency
A key component of the airport’s infrastructure is a 40-acre Maintenance, Repair and Overhaul (MRO) facility.This dedicated facility is expected to improve operational efficiency by enabling airlines to service and maintain aircraft locally, reducing turnaround times and operational costs. It also strengthens India’s capabilities in aviation maintenance services.
Sustainability and future-ready design
Noida International Airport has been designed as a sustainable and future-ready infrastructure project, with a focus on achieving net-zero emissions.The project incorporates energy-efficient systems and environmentally responsible practices, aligning with India’s broader climate goals. The airport’s development reflects a growing emphasis on green infrastructure in large-scale projects.
Architecture inspired by Indian heritage
Blending modern infrastructure with cultural aesthetics, the airport’s architectural design draws inspiration from traditional Indian elements such as ghats and havelis.This approach aims to create a distinctive identity for the airport while offering passengers a sense of place rooted in Indian heritage.
Strategic location and multi-modal connectivity
Strategically located along the Yamuna Expressway in Gautam Buddha Nagar district, the airport is planned as a multi-modal transport hub.It will feature seamless integration with road, rail, metro and regional transit systems, ensuring smooth connectivity for passengers and cargo. This connectivity is expected to significantly improve accessibility for travellers across Delhi NCR and neighbouring regions.
Boost to India’s aviation ambitions
The inauguration of Phase I of Noida International Airport is being seen as a major step in strengthening India’s aviation ecosystem.By expanding capacity, improving connectivity, and integrating modern infrastructure with sustainability, the project is expected to play a key role in positioning Delhi NCR as a major global aviation hub while supporting economic growth and regional development
Business
Iran permits 2 Pakistani cargo ships to pass through Strait of Hormuz | The Express Tribune
Iran has permitted two Pakistani cargo ships to transit through the Strait of Hormuz, sources in the Ministry of Maritime Affairs confirmed on Saturday.
The vessels, Multan and P-Akili, which were previously held after Iranian forces took control of the strait — a key global oil supply route — have now crossed and are en route to Karachi. They are expected to dock at Karachi port on March 31, a source familiar with the matter said.
Multan is a general cargo ship, while P-Akili is carrying over 80 million litres of crude oil. Sources added that Iranian authorities not only allowed the vessels to pass but also provided an escort until they cleared the strait’s flashpoint line.
Read: Global poll says Iran war leaves US increasingly isolated internationally
This move comes amid ongoing mediation efforts by Islamabad, in coordination with Turkiye and Egypt, to curb the escalating conflict in the Middle East.
It is the second time Tehran has permitted a Pakistani ship to pass through the Strait of Hormuz since the conflict began on February 28. Previously, a Pakistani oil tanker transited the strait on March 16.
The Middle East region remains on high alert following the joint US-Israel offensive on Iran that began on February 28, which has resulted in over 1,900 deaths, including then-Supreme Leader Ali Khamenei.
Tehran has retaliated with drone and missile strikes targeting Israel, Jordan, Iraq, and Gulf countries hosting US military assets, causing casualties, infrastructure damage, and disruption to global markets and aviation.
Business
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