Tag: Trade
Pakistan, Bhutan vow to boost tourism, trade
ISLAMABAD - Pakistan and Bhutan on Saturday expressed the resolve to further strengthen ties in all spheres, with a particular focus on trade and tourism.
Prime Minister Yousaf Raza Gilani and his Bhutanese counterpart Lyonchhen Jigmi Y Thinley in around an hour-long exclusive and delegation level talks covered a whole range of bilateral issues besides regional situation. Prime Minister Thinley, who is on a three day visit to Pakistan on the invitation of Premier Gilani, noted
Prime Minister Yousaf Raza Gilani and his Bhutanese counterpart Lyonchhen Jigmi Y Thinley in around an hour-long exclusive and delegation level talks covered a whole range of bilateral issues besides regional situation. Prime Minister Thinley, who is on a three day visit to Pakistan on the invitation of Premier Gilani, noted
Pakistan, Kyrgyzstan push for four-nation trade pact
BISHKEK - Pakistan and Kyrgyzstan on Tuesday agreed on reviving the four-country transit trade pact and making it effective in a bid to strengthen regional economic cooperation. Prime Minister Syed Yusuf Raza Gilani and his Kyrgyz counterpart Almazbek Atambaev, following a round of formal talks, agreed to remove obstacles for smooth and effective functioning of 'Quadrilateral Traffic in Transit Agreement' (QTTA) signed between Pakistan, China, Kyrgyzstan and Kazakhstan in 2004.
‘Trade best option to improve Indo-Pak ties’
LAHORE - The Centre for Peace and Democracy arranged a seminar organised in collaboration with the Lahore Chamber of Commerce and Industry (LCCI). There was unanimity amongst the participants that trade was the best option in building confidence and boosting relations between Pakistan and India, as well as creating new opportunities for economic growth. Among others the key speakers included former economic advisor Dr Salman Shah, CPD Director M Shoiab Adil, LCCI SVP Sheikh Muhmmad
Pakistan and China discuss bilateral trade
ISLAMABAD - Negotiation between Pakistan and China on Free Trade Agreement (FTA) concluded yesterday with special onus placed on reducing Pakistan's trade deficit in bilateral trade and tariff concessions to each other. The first phase of the FTA between the two countries will conclude on 31 December, 2012 and respective organisations of both governments have begun negotiations to finalise modalities for the second phase which would be implemented from January 2013.
The current
The current
IHK traders suspend cross LoC trade for two weeks
SRINAGAR - Traders in Indian-held Kashmir (IHK) have suspended cross Line of Control (LoC) trade for the next two weeks due to unnecessary harassment by Indian Commercial Tax Department. Per details, over 30 traders involved in cross LoC trade said in a statement issued after a meeting in Poonch that they had decided to suspend their activities for two weeks to protest against the Commercial Tax Department.
The traders also took out a protest rally later.
They said according
The traders also took out a protest rally later.
They said according
Pak-China negotiations to focus on trade deficit reduction
ISLAMABAD - Pakistan and China, on Thursday, started negotiations on the second phase of the Free Trade Agreement (FTA), with the aim of reducing Pakistan's trade deficit in bilateral trade and tariff concessions. The first phase of the FTA would conclude on December 31, 2012 and respective organisations of the two governments have started talks to finalise modalities for the second phase - to be implemented from January 2013. The current discussion would focus on devising a
SA seeks to consolidate trade links
LAHORE - South Africa (SA) is keen to consolidate its partnership with Pakistan on the basis of cooperation and would like to ramp up interaction between the two governments and business communities. South-South cooperation is cornerstone of foreign policy of South Africa. These views were expressed by the South Africa Deputy High Commissioner Cassim Peer and former Minara Chamber of Commerce and Industry President Ebrahim Patel, while speaking to LCCI President Shahzad Ali Malik at
US to give unilateral trade concessions
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
Rangers, BSF trade fire
LAHORE - The Pakistan Rangers and Indian Border Security Force (BSF) clashed at the Gunda Singh Border this week, Dunya News reported on Friday. Pakistan Rangers officials and Indian Border Security Force got into a heated argument at the Gunda Singh Border, leading to a free-for-all fight involving punches and slaps earlier this week. According to the Indian media, the unpleasant incident occurred when an official of the Pakistan Rangers accidentally hit the BSF personnel during a
Pakistan moves to address neighbours’ concerns over EU trade concessions
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
Commerce Secretary Zafar Mehmood told a meeting of the Senate body on commerce that the letter written by Commerce Minister
CASA-1000 power project top agenda – Pakistan, Tajikistan to boost trade...
KARACHI - Pakistan and Central Asian States (CAs), especially Tajikistan, will open a new chapter of trade relations by implementing various proposed options to boost bilateral trade. Tajikistan's President Emomali Rahmon, with other related ministries/officials, will visit Pakistan on March 10, Pakistan Today has learnt.
Visit of the Tajik president was followed by visits of both President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani to Dushanbe in the last two years.
Visit of the Tajik president was followed by visits of both President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani to Dushanbe in the last two years.
ECC okays changes in Strategic Trade Policy
ISLAMABAD - The Economic Coordination Committee of the cabinet (ECC) on Tuesday approved 18 amendments in the three-year strategic trade policy, approving regulatory changes in the import and export policy orders to boost exports, while the incentive package for attracting new investment in auto sector was deferred until the next meeting.
The meeting of ECC was held under the chairmanship of Finance Minister Abdul Hafeez Shaikh. Prime Minister Yousuf Raza Gilani had already
The meeting of ECC was held under the chairmanship of Finance Minister Abdul Hafeez Shaikh. Prime Minister Yousuf Raza Gilani had already
LCCI delegation helps boost trade ties with SA & UAE
LAHORE - The Lahore Chamber of Commerce and Industry (LCCI), on Tuesday, wrote a new page in the history of Pakistan's trade and economic relations with South Africa and UAE, as an eight member LCCI delegation returned back after a 14 days visit to the countries with handfuls of business orders and signings of a number of Memoranda of Understanding (MoU). In both countries, the LCCI delegation, headed by LCCI Executive Committee Member Dr shahid Raza, received a warm welcome by their
Tariq appointed FPCCI body chief on Afghan Transit Trade
KARACHI - Federation of Pakistan Chamber of Commerce and Industry (FPCCI) President Senator Haji Ghulam Ali has appointed Tariq Mahmood Chaudhry as Chairman of FPCCI Standing Committee on "Afghan Transit Trade".
Tariq Mahmood Chaudhry is the former Chairman of Pakistan International Freight Forwarders Association.
Under his dynamic leadership, the association has achieved success in many fields in freight forwarding sector including solution of remittance issue and
Tariq Mahmood Chaudhry is the former Chairman of Pakistan International Freight Forwarders Association.
Under his dynamic leadership, the association has achieved success in many fields in freight forwarding sector including solution of remittance issue and
SAARC countries should boost trade: Hossain
ISLAMABAD - Bangladesh High Commissioner to Pakistan Suhrab Hossain has said that SAARC countries should look to boost trade by eliminating barriers to eradicate poverty.
He said that Pakistan can achieve its export target of $24.86 billion for the next fiscal year by focusing on regional markets.
Talking to a delegation, led by FPCCI chairman, he said that enhanced interaction between officials and businessmen of the two countries will prove beneficial for both countries.
He said that Pakistan can achieve its export target of $24.86 billion for the next fiscal year by focusing on regional markets.
Talking to a delegation, led by FPCCI chairman, he said that enhanced interaction between officials and businessmen of the two countries will prove beneficial for both countries.
Bangladesh trade deficit widens sharply
DHAKA - Bangladesh's overall trade deficit in the first half of the current fiscal year (July 2010- June 2011) widened to over $3.447 billion, official statistics showed on Tuesday.
Statistics of the Bangladesh Bank (BB) showed that the country exported $10.294 billion of goods while it imported items worth $13.741 billion in the July-December period. The overall trade deficit in the same period of the previous fiscal year (July 2009-June 2010) was nearly $2.753 billion when
Statistics of the Bangladesh Bank (BB) showed that the country exported $10.294 billion of goods while it imported items worth $13.741 billion in the July-December period. The overall trade deficit in the same period of the previous fiscal year (July 2009-June 2010) was nearly $2.753 billion when
Delay in trade pact hurting Pak-Indonesia trade
LAHORE - Ambassador of Indonesia Ishaq Latuconsina has said delay in signing of preferential trade agreement (PTA) is hitting the two-way trade between Pakistan and Indonesia. Both the countries would have to adopt out-of-the-box methodologies to harness the trade and business potential in the two countries and to increase bilateral trade.
The Ambassador was speaking at the Lahore Chamber of Commerce and Industry (LCCI) on Friday. He also stressed the need to exchange subject
The Ambassador was speaking at the Lahore Chamber of Commerce and Industry (LCCI) on Friday. He also stressed the need to exchange subject
