Tag: Trade

An EU-Japan free trade deal to link the world’s third economic power and the leading global market is inching ahead but there is no...

The plenary of the European Union (EU) parliament on Friday cleared the Autonomous Trade Concessions for Pakistan. According to a press release, the only hurdle...

The European Union executive is set to prune back the number of countries to whom it gives preferential trade treatment, according to a draft...

The visit of Prime Minister Syed Yusuf Raza Gilani to France is of great significance and would help to strengthen trade ties between the...

SAARC Chamber of Commerce and Industry has termed the 5th round of secretary-level talks between Pakistan and India to push commercial ties a step...

Pakistan and India on Wednesday began their first trade talks since the 2008 Mumbai attacks, opening a two-day session designed to boost business between...

ISLAMABAD - Swedish Ambassador to Pakistan Ulrika Sundberg has said the trade volume between Pakistan and Sweden is around $200 million which is expected to double in coming years. She said Sweden wanted to import Pakistani goods not only to her country but also to other parts of Europe.
Ambassador Sundberg said her country is a strong supporter of Pakistan's request for Generalised System of Preferences Plus (GSP Plus) status and "we are very willing to support in meeting the

KARACHI - Pakistan, all set to sign a Free Trade Agreement (FTA) with the Gulf Cooperation Council (GCC), would be at a disadvantage compared to the gulf countries which possess a huge economy. Pakistan must consider the weaker position of its own economy and should look to avoid repeating mistakes, the country had committed, during the FTA with China, sources told Pakistan Today. The country has exhibited a huge trade difference with China after signing of FTA, as there has been an

KARACHI - The country's trade deficit has narrowed down by 2.24 percent or $184 million during the first nine months of the current financial year. The country's economic managers might be drumming the victory beats on the back of healthy inflows of dollars on account of exports and home remittances that put country's external sector in green - witnessing a surplus of $1.6 billion in July-February of FY11. A robust growth in exports and relatively lower imports are believed to have

ISLAMABAD - Just a week before the World Trade Organisation's General Council in Geneva decides the implementation of European Union's trade concessions to Pakistan, Islamabad will try to address Indian concerns over the unilateral package when the two commerce secretaries hold two-day bilateral talks on April 27.
An official source said Indian Commerce Secretary Rahul Khullar was coming to discuss bilateral trade issues that had been on the halt since the suspension of the

KARACHI - Prime Minister Yousuf Raza Gilani, along with a trade delegation, is likely to visit Kazakhstan this month, while the two countries have agreed to boost bilateral trade, through various steps discussed in the seventh session of the Pak-Kazakh Joint Ministerial Commission (JMC), held on Friday in Islamabad.
This would be Gillani's second visit to Kazakhstan following his visit last month. Pakistan has already stepped up efforts to enhance trade relations with the

KARACHI - Interior Minister Rehman Malik has said that narcotics worth dollars 5 billion is being traded from Afghanistan via porous border routes of Balochistan.
"Smuggling is going on unabated but at the same time we need to support our coast guards and provide them sophisticated equipment to monitor any illegal activity including narcotics and human trafficking," he said while addressing the passing out parade of 34th batch of Pakistan Coast Guards (PCG) at their training

SIALKOT - Pakistan Engineering Council Chairperson Rukhsana Zuberi has said that surgical industry of Sialkot has a huge potential of increasing its exports globally and exploring and capturing the new international trade markets. She stated this while addressing the participants of a day-long workshop on "Challenges and Potentials of Sialkot's Surgical Industry". She underlined the need to promote solar energy in surgical industry, saying that it was high time that every one should

BRUSSELS - The European Union is still pushing for approval from the trading nations to grant trade preferences to Pakistan in the wake of devastating floods last summer, the bloc's top trade official said on Tuesday. The EU plans to grant additional aid to Pakistan by suspending import tariffs on Pakistani goods from clothing and cotton to ethanol have been frustrated by opposition from India and other members of the World Trade Organisation (WTO).
"We are very actively working

KARACHI - A hefty trade deficit of Pakistan had eroded the inflow of remittances and the impact of growth in exports in nine months of the current financial year. From July 2010 to March 2011, the country had sustained a trade deficit of $11.21 billion with exports amounting to $17.80 billion while imports expanded to $29.01 billion.
In the nine months of the current fiscal period, the country had received $6.54 billion remittances ($900 million more than the corresponding

KABUL - A $1.5 million agreement was signed between Harakat Foundation and the Ministry of Commerce and Industries (MoCI). Addressing a press conference during the signing ceremony of this agreement, "Today, three agreements were signed for trade improvement project in Afghanistan national trade policy, support of fair competition and improvement of consumers support. The basic goal of these agreements is improvement of trade in Afghanistan," said Dr Anwarul Haq Ahadi.
The

LAHORE - Punjab Board of Investment and Trade Chief Executive Officer Saadat Muzaffar in Bosnia Herzegovina to attend the second Sarajevo InvestmentForum has called on Minister for Foreign Trade and Economic Relations of Bosnia Herzegonia, Malden Zirojevic.
According to a handout received Saturday, on the behalf of Chief Minister Shahbaz Sharif, Saadat Muzaffar met the Minister to discuss means to boost trade and investment between the two countries. He was accompanied by