Pakistan’s PIA, Bangladeshi Biman airlines sign cargo deal to augment trade

Pakistan International Airlines (PIA) passenger plane sits on tarmac, as seen through a plane window, at the Islamabad International Airport, Islamabad on October 27, 2024. (REUTERS)
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Updated 17 November 2025
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Pakistan’s PIA, Bangladeshi Biman airlines sign cargo deal to augment trade

  • The partnership will minimize complexities in transporting textiles, pharmaceuticals and agricultural products
  • PIA will utilize key Saudi Arabian hubs of Jeddah, Madinah and Riyadh as transit gateways, the airline says

KARACHI: The state-owned Pakistan International Airlines (PIA) and Biman Bangladesh Airlines have signed a deal to streamline air cargo and augment bilateral trade, a PIA spokesman said on Monday, amid a thaw in relations between the two countries.

Pakistan and Bangladesh used to be one nation, but they split in 1971 as a result of a bloody civil war, which saw the part previously referred to as East Pakistan seceding to form the independent nation of Bangladesh.

Ties between Pakistan and Bangladesh have warmed up since the fall of former Bangladeshi prime minister Sheikh Hasina, who was widely viewed as close to India and critical of Pakistan, following a student-led uprising in August 2024.

The PIA spokesman said the airline has signed a Cargo Interline Special Agreement with Biman airlines as part of the former’s plans to expand cargo business and to provide competitive services to customers. The agreement will be effective from Dec. 1.

“The partnership will also facilitate in minimizing logistical complexities in transporting commodities such as textiles, pharmaceuticals, and agricultural products,” the PIA spokesman said.

“The airline will utilize key Saudi Arabian hubs that are Jeddah, Madinah, and Riyadh, as transit gateways, establishing a strategic corridor for regional trade.”

Islamabad has attempted to forge closer ties with Bangladesh in recent months as relations remain frosty between Dhaka and New Delhi over India’s decision to grant asylum to Hasina after she fled the country.

In Feb., a first cargo ship in decades sailed directly from Pakistan to Bangladesh and successfully unloaded its containers, port officials said. Pakistan is also mulling resumption of direct flights to Dhaka.

The two countries signed six agreements in Aug. relating to visa abolition for diplomatic and official passport holders, Joint Working Group on Trade, foreign services academies of Pakistan and Bangladesh, the Associated Press of Pakistan

Corporation and Bangladesh Sangbad Sangstha, the Institute of Strategic Studies Islamabad and the Bangladesh Institute of International and Strategic Studies, and a cultural exchange program.


Pakistan reviews austerity measures amid Middle East crisis, urges strict nationwide implementation

Updated 11 March 2026
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Pakistan reviews austerity measures amid Middle East crisis, urges strict nationwide implementation

  • Deputy Prime Minister Ishaq Dar chairs review meeting of austerity steps
  • Officials briefed on salary cuts, school closures, four‑day week, petrol conservation

ISLAMABAD: Pakistan’s government on Wednesday assessed progress on a sweeping set of austerity measures introduced to mitigate the country’s economic strain from sharply rising global oil prices and supply disruptions linked to the ongoing war in the Middle East.

Prime Minister Shehbaz Sharif this week announced a series of austerity steps, including a four‑day work week for government offices, requiring 50  percent of staff to work from home, cutting fuel allowances for official vehicles by half, grounding up to 60  percent of the government fleet and closing all schools for two weeks to conserve fuel amid the global oil crisis.

The measures were unveiled in response to global oil market volatility triggered by the conflict involving the United States, Israel and Iran, which has disrupted supply routes such as the Strait of Hormuz and pushed crude prices sharply higher, straining Pakistan’s heavily import‑dependent energy sector.

“The meeting stressed the importance of strict and transparent adherence to the austerity measures, promoting fiscal responsibility and prudent use of public resources,” Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar said in a statement.

He was chairing a meeting of the Committee for Monitoring and Implementation of Conservation and Additional Austerity Measures, constituted under the directions of the PM, bringing together federal and provincial officials to review execution of the broad cost‑cutting plan. 

Dar emphasized the government’s commitment to enforcing the PM’s austerity steps nationwide. The committee’s review also covered reductions in departmental expenditure, deductions from salaries of senior officials earning over Rs. 300,000 ($1,120), and coordination with provincial administrations to ensure uniform implementation of the plan.

Participants at the meeting reiterated that all ministries and divisions must continue strict monitoring and reporting, with transparent oversight mechanisms, as Pakistan navigates the economic pressures from the prolonged Middle East crisis and its fallout on global energy and trade markets.