Tag: Trade
Pakistan can provide trade corridors to friends: Zardari
ISTANBUL - President Asif Ali Zardari on Thursday said Pakistan was well positioned to provide trade and communication corridors through its territory and ports to its friends and partners.
"We are ready to provide energy as a bridge and develop win-win scenarios," the president said while addressing the 11th summit of ECO (Economic Coordination Organisation) on Thursday. He said the Iran-Pakistan gas pipeline and TAPI gas pipeline projects should be seen in that context.
"We are ready to provide energy as a bridge and develop win-win scenarios," the president said while addressing the 11th summit of ECO (Economic Coordination Organisation) on Thursday. He said the Iran-Pakistan gas pipeline and TAPI gas pipeline projects should be seen in that context.
Russian president wraps up India trade trip in Mumbai
MUMBAI: Russian President Dmitry Medvedev on Wednesday wrapped up a short trip to India during which he focused on reviving ties between the two Cold War allies to offset approaches by Western powers.
Medvedev squeezed in a tour of the Taj Mahal before heading to the country's financial hub Mumbai to meet students at the prestigious Indian Institute of Technology (IIT) Bombay and visit a Bollywood film studio. His departure on Wednesday evening ended a flurry of diplomacy in
Medvedev squeezed in a tour of the Taj Mahal before heading to the country's financial hub Mumbai to meet students at the prestigious Indian Institute of Technology (IIT) Bombay and visit a Bollywood film studio. His departure on Wednesday evening ended a flurry of diplomacy in
President Zardari vows to increase Pak-Kyrgyz trade
ISTANBUL: President Asif Ali Zardari has said that Pakistan and Kyrgyzstan need to work together to enhance connectivity and create institutional framework as well as infrastructure for promoting trade.
He said this during his meeting with the President of Kyrgyzstan Roza Otunbayeva on the sidelines of the 11th Economic Cooperation Organisation (ECO) summit on Wednesday.
Matters relating to bilateral relations, mutual cooperation and further strengthening trade and economic
He said this during his meeting with the President of Kyrgyzstan Roza Otunbayeva on the sidelines of the 11th Economic Cooperation Organisation (ECO) summit on Wednesday.
Matters relating to bilateral relations, mutual cooperation and further strengthening trade and economic
Pakistan-Iran trade hurt by LC issue
KARACHI: The unwillingness by Pakistani banks to accepting letters of credit (LC) of Iranian banks is badly hurting Pakistani exports to the neighboring country.
Local banks are refusing to accept LCs of even those Iranian banks which do not fall under United Nations (UN) or United States sanctions, sources told Pakistan Today on Tuesday.
According to sources, the UN and the US have imposed a ban on five major banks as part of a sanctions regime on Iran for alleged illicit
Local banks are refusing to accept LCs of even those Iranian banks which do not fall under United Nations (UN) or United States sanctions, sources told Pakistan Today on Tuesday.
According to sources, the UN and the US have imposed a ban on five major banks as part of a sanctions regime on Iran for alleged illicit
West under scrutiny over B’desh’s troubled garment trade
DHAKA - Orders from Western brands such as Gap, H&M and Zara are flooding into Bangladesh's low-cost garment sector but experts and campaigners warn blistering growth masks deep problems in the industry.
Deadly riots over pay, workplace accidents - including a factory fire on Tuesday that killed 25 - are on the rise as export companies expand rapidly to meet demand. "The industry is growing so fast now but we are failing our workers," Khondaker Golam Moazzem, senior research
Deadly riots over pay, workplace accidents - including a factory fire on Tuesday that killed 25 - are on the rise as export companies expand rapidly to meet demand. "The industry is growing so fast now but we are failing our workers," Khondaker Golam Moazzem, senior research
Pakistan-China trade to reach $15 billion by 2015
ISLAMABAD - The volume of bilateral trade between China and Pakistan would increase to $15 billion by 2015, Chief Executive Officer (CEO) Trade Development Authority of Pakistan (TDAP) Tariq Puri said here on Saturday.
"Trade between the two friendly countries would be enhanced up to $10 billion in next two years and $15 billion by 2015," he said while talking to reporters on the sidelines of the Pakistan China Business Cooperation summit, 2010 here on Saturday.
Tariq Puri
"Trade between the two friendly countries would be enhanced up to $10 billion in next two years and $15 billion by 2015," he said while talking to reporters on the sidelines of the Pakistan China Business Cooperation summit, 2010 here on Saturday.
Tariq Puri
China, India PMs agree to double trade by 2015
NEW DELHI: China and India's premiers agreed on Thursday to double bilateral trade to $100 billion by 2015, during talks that otherwise showed no apparent progress on a series of nagging disputes.
Prime Minister Wen Jiabao and his Indian counterpart Manmohan Singh also agreed to push Indian exports to China in an effort to bridge a current trade surplus estimated at $20 billion a year in China's favour.
The talks came on the second day of Wen's visit - his first to India
Prime Minister Wen Jiabao and his Indian counterpart Manmohan Singh also agreed to push Indian exports to China in an effort to bridge a current trade surplus estimated at $20 billion a year in China's favour.
The talks came on the second day of Wen's visit - his first to India
Canada, EU likely to sign free trade pact
OTTAWA: Canada and the European Union are on track towards signing a free trade agreement by the end of 2011, trade representatives said Wednesday. After "taking stock of progress" made to date, Canadian Trade Minister Peter Van Loan and EU Trade Commissioner Karel De Gucht said that they were "satisfied with the substantial progress that has been made in the negotiations."
Official talks for a Comprehensive Economic and Trade Agreement between Canada and the EU were launched in
Official talks for a Comprehensive Economic and Trade Agreement between Canada and the EU were launched in
China, India agree to raise trade to $100bn
NEW DELHI - After holding delegation-level talks on key security and strategic matters, Chinese Prime Minister Wen Jiabao and his Indian counterpart Prime Minister Manmohan Singh issued a joint communique which showed that both the nation agreed to raise bilateral trade to $100 billion by 2015, step up investments and permit banks of other countries to open branches and representative offices.
The two sides also decided to reduce the trade deficit, which is in favour of China,
The two sides also decided to reduce the trade deficit, which is in favour of China,
EU trade concessions delayed till March
ISLAMABAD: Tariff concessions announced by the European Union (EU) on 75 Pakistani products will not be implemented from January 1, 2011 and the country will have to wait till March when the World Trade Organization (WTO) again takes up the proposed wavier, an official source said.
Opposition from South Asian competitors, India and Bangladesh at the WTO's council for trade in goods has forced the EU to delay the implementation of concessions announced for Pakistan. EU would again
Opposition from South Asian competitors, India and Bangladesh at the WTO's council for trade in goods has forced the EU to delay the implementation of concessions announced for Pakistan. EU would again
China hopeful of free trade talks with India
NEW DELHI: China hopes to have free trade discussions with India during the Chinese Premier's visit to New Delhi this week, a signal of how the two Asian powerhouses may try to smooth tensions over their economic and border rivalries.
"The free trade agreement is the next stage (of India-China relations). It is our hope that we can start the process," China's envoy to India, Zhang Yan, told reporters in New Delhi on Monday. "We are very much positive on these issues. I think
"The free trade agreement is the next stage (of India-China relations). It is our hope that we can start the process," China's envoy to India, Zhang Yan, told reporters in New Delhi on Monday. "We are very much positive on these issues. I think
Lack of banking facilities hampers trade with Russia
KARACHI: Lack of banking facilities in Russia is hampering Pakistan's trade with Moscow. The non-existence of banking channels between the two countries has increased the cost of doing business for exporters and importers alike, sources told Pakistan Today.
Due to a weak international banking system, trade in Russia was mostly done through DA and Cash. Besides poor banking facilities, the Pakistani government is yet to establish a warehousing facility in Moscow, which is needed
Due to a weak international banking system, trade in Russia was mostly done through DA and Cash. Besides poor banking facilities, the Pakistani government is yet to establish a warehousing facility in Moscow, which is needed
Pak-Swiss trade shows consistent growth: Bubb
KARACHI: Swiss Ambassador to Pakistan Christoph Bubb said that the bilateral trade between the two countries was picking up in the aftermath of the global recession. Bilateral trade between two countries, which had shown consistent growth over the past several years, was now showing further improvement as signs of the global recession are fizzling out, he said.
He was talking to newsmen at a dinner-reception arranged in his honour by the Swiss Consul General Didier Boschung in
He was talking to newsmen at a dinner-reception arranged in his honour by the Swiss Consul General Didier Boschung in
CM to attend trade conference in Dubai
LAHORE: Chief Minister Punjab Muhammad Shahbaz Sharif will participate in the Pakistan Business and Investment Conference which will be hosted by the International Business Forum Dubai in collaboration with the Dubai Chamber of Commerce and Punjab Board of Investment and Trade in Dubai on December 13. The conference will also be attended by a delegation comprising of more than 100 Pakistani businessmen.
Chief Minister Muhammad Shahbaz Sharif will preside over the inaugural
Chief Minister Muhammad Shahbaz Sharif will preside over the inaugural
US warned Turkey on Iran trade, Gaza-linked group
ANKARA: The United States has cautioned Turkey over business links with Iran and charged that an Islamist charity aided Hamas, according to a cable revealed by WikiLeaks Tuesday.
The dispatch covered a series of meetings that David Cohen, the US Treasury assistant secretary for financial crimes, held in Ankara in October 2009. Cohen "cautioned government and banking officials about doing business with Iranian banks" and passed information "on Iranian mis-use of the Turkish
The dispatch covered a series of meetings that David Cohen, the US Treasury assistant secretary for financial crimes, held in Ankara in October 2009. Cohen "cautioned government and banking officials about doing business with Iranian banks" and passed information "on Iranian mis-use of the Turkish
Terror can be tackled by improving Pak-Afghan trade: PM
KABUL: Prime Minister Yousaf Raza Gilani on Sunday said the common threat of terrorism faced by Pakistan and Afghanistan could be tackled by improving economic and trade relations.
The prime minister was talking to the speaker of the Afghan Lower House of parliament, Muhammad Younas Qanooni, during a meeting at the Presidential Palace.
He said the improvement of economic relations could lead to development, as well as change in the life of people, forming a basis to prepare
The prime minister was talking to the speaker of the Afghan Lower House of parliament, Muhammad Younas Qanooni, during a meeting at the Presidential Palace.
He said the improvement of economic relations could lead to development, as well as change in the life of people, forming a basis to prepare
Pak-Lanka trade set to touch $1b mark
ISLAMABAD: Board of Investment (BOI) Chairman Saleem H Mandviwalla on Saturday termed the president's visit to Sri Lanka very fruitful and stressed his belief that both countries would boost the level of bilateral trade from the current $300 million to $1.0 billion within a very short time.
According to a statement of the BOI issued here, Saleem H Mandviwalla was part of the delegation that visited Sri Lanka and the trip was meant to remove any hurdles to enhanced commercial and
According to a statement of the BOI issued here, Saleem H Mandviwalla was part of the delegation that visited Sri Lanka and the trip was meant to remove any hurdles to enhanced commercial and
