Pakistan People’s Party (PPP) Senator Aitzaz Ahsan has said if former military ruler Pervez Musharraf has been granted concession on humanitarian grounds, such flexibility should be shown to all other prisoners in…
With a point of view to speed up foreign investment in the province as well as the provision of employment for the masses, the Punjab Assembly (PA) on Tuesday demanded the federal…
The US brokered Pak-Afghan-Transit-Trade-Agreement (PATTA) on July 19, 2010 allowing transportation of Afghan goods through Wagah to India and in return Pakistan getting permission to use Afghan territory for trade with Central…
British High Commissioner (HC) to Pakistan Adam Thomson on Tuesday said that his country is trying best to help Pakistan get access to EU market which is a critical issue. “We are…
After much debate and discussion in World Trade Organisation (WTO) and the media, the chapter of European Union (EU) trade concessions to Pakistan has almost closed in the face of bitter opposition…
The European Union (EU), which has proposed unilateral trade concession to Pakistan after the devastation wreaked by floods last year, is going to make a last-ditch attempt at World Trade Organisation (WTO)…
The European Union (EU) parliament approved on Friday the $1 billion trade concessions package for Pakistan but its implementation would remain suspended until it gets unanimous clearance from the World Trade Organisation…
KARACHI – The Commerce secretary Zafar Mehmood has said that government was trying hard to alleviate concerns of India and other countries over concessions granted by European Union (EU) to Pakistan. He said this while talking to media men here on Monday after his meeting with office bearers of Federation of Chamber of Commerce and Industries Pakistan (FCCIP).
“During the meeting held earlier in Geneva, India had voiced its reservations over the concessions given by EU to
ISLAMABAD – The commerce secretaries of India and Pakistan will be holding a two-day dialogue by the end of April in which Pakistan will again try to convince India not to oppose the European Union trade concessions, to be discussed at the World Trade Organisation’s (WTO) General Council on May 3, the Commerce Ministry said on Monday.
Commerce Secretary Zafar Mehmood told reporters that a date for the Indian commerce secretary’s visit was being finalised and was most likely to
KARACHI – Despite a 37.5 percent decline in export of rice to Iran during the last financial year, Pakistani exporters are still not availing the 10 percent duty relaxation under the Pakistan-Iran Preferential Trade Agreement (PTA) for what the sources refer to as lack of awareness.
Though Pakistan exports almost 80 percent of its rice to Tehran, the country’s exporters are, interestingly, not availing the concession in import duty, which the neighbouring country has increased by
KARACHI – The next meeting of World Trade Organisation (WTO) will be the last resort in a bid to secure approval for unilateral trade concessions proposed by European Union (EU) for Pakistan. The EU, which has failed to convince members, especially India, which are in opposition to the provision of the facility to Pakistan after the devastation wreaked by the summer floods across the country, will seek the waiver in WTO rules during a meeting of the organisation to be held in May
KARACHI – China has refused the grant of trade concessions on almost 268 export products to Pakistan. Islamabad had proposed concessions in order to minimise the huge trade deficit. Rejecting Pakistan’s demands, China explicitly said that similar concessions could only be given to the Least Developed Countries (LDCs), sources told Pakistan Today. China, last year, granted duty free access on 4,762 products to 33 LDCs, majority of which are in Africa. However, at least three are from
ISLAMABAD – Pakistan has given a list of 268 items to China for unilateral concessions and the matter would be discussed between trade officials of the two countries in June this year, in Beijing, an official source said.
Pakistan, he said, had recently submitted the list, during talks on the second phase of the Free Trade Agreement (FTA). The first phase expires on December 31, 2012. Officials of both countries discussed modalities for the second phase, which would be
ISLAMABAD – The government has convened a meeting of provinces to settle the issue of granting new petroleum concessions agreements for exploration and production of oil and gas on March 10. An official source stated that the meeting has been called to sort out issues arising after the passage of 18th amendment that has given all the rights over mineral resources to the provincial governments.
The Petroleum Secretary would chair the meeting in the absence of the petroleum
ISLAMABAD – The US has decided to offer unilateral trade concessions to flood-affected people in Pakistan from the next US fiscal year on the pattern of trade concessions offered to the earthquake-hit Caribbean state of Haiti. An official source said after the devastating floods in August, Commerce Minister Makhdoom Amin Fahim had written letters to US Trade Representative and ambassador of European Union in September, requesting unilateral trade concessions to overcome the economic
ISLAMABAD – Pakistan has written letters to India and other countries addressing their concerns over a 900 million Euro unilateral trade concessions announced by the European Union in October last year after the devastating floods, which would again come under discussion at the Council for Trade in Goods of the World Trade Organisation in Geneva on March 21.
Commerce Secretary Zafar Mehmood told a meeting of the Senate body on commerce that the letter written by Commerce Minister
LAHORE – Pakistan Tehrik-e-Insaf (PTI) Punjab President Ahsan Rashid has announced to pay three times more ‘compensation money’ to the victims’ families than the US government may offer for Raymond Davis’ release. He was addressing the participants of a demonstration held against Davis on Friday outside the US Consulate at the Shimla Hill.
Ahsan said that Davis should be tried under terrorism charges for killing two Pakistanis instead of granting a diplomatic blanket. He said the