trade
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Pakistan set to clinch free trade deal with GCC
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[ad_1] Interim Commerce Minister Gohar Ejaz (centre) holds the final round of discussions with the GCC’s chief negotiator in Riyadh on December 2, 2023. — X/Gohar Ejaz ISLAMABAD: Information Minister Murtaza Solangi on Sunday confirmed that Pakistan and Saudi Arabia have agreed on the investment modalities, paving the way for the ratification of a free…
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Pakistan’s trade deficit narrows by 33.5%, imports down by 17.3%
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[ad_1] A representational image of shipping containers at a dockyard. — AFP/File Recent data released by the Pakistan Bureau of Statistics (PBS) has shown that the country’s trade deficit has witnessed a whopping 33.59% with a notable 17.3% decrease in imports as the country struggles to improve the economic indicators amid depreciating local currency and…
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Business leaders urge FTA to boost Pak-Kazakh trade | The Express Tribune
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[ad_1] ISLAMABAD: Local business leaders and traders are calling for the Free Trade Agreement (FTA) to elevate bilateral trade between Pakistan and Kazakhstan to the $1 billion mark. President of the Federation Pakistan Chamber of Commerce and Industry (FPCCI), Irfan Iqbal Sheikh, highlighted the pivotal role of the business community in achieving this ambitious trade…
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PSX hits all-time high, crosses 58,000 barrier during intraday trade
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[ad_1] A view of the Pakistan Stock Exchange (PSX) building the main hall in Karachi. — INP/File KARACHI: The Pakistan Stock Exchange (PSX) on Wednesday reached a new milestone as it crossed the 58,000 barrier for the first time during intraday trading. The KSE-100 index gained over 800 points to reach 58,203.85, up from yesterday’s…
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Azerbaijan eager to promote bilateral trade | The Express Tribune
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[ad_1] LAHORE: Ambassador of Pakistan to Azerbaijan, Bilal Hayee, visited the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) regional office in Lahore on Monday and met with FPCCI President Irfan Iqbal Sheikh. The discussions focused primarily on enhancing cooperation in diverse fields, including trade, investment, technology, and the exchange of business delegations. The…
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Pakistan suffering Rs8 trillion in tax loss each year due to illicit trade
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[ad_1] Shipping activity can be seen at Port Qasim, Karachi. — APP/File Amid dire economic circumstances, Pakistan is also losing Rs8 trillion each year in tax loss due to rampant illicit trade which is further exacerbating the country’s worrisome financial indicators. Pakistan has “one of the highest” illegal trade in Asia, amounting to $68 billion or…
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Canton Fair: a lucrative platform for trade | The Express Tribune
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[ad_1] GUANGZHOU: “Business is good this time. I’m here to find out more possibility of doing business with China as well as the whole world,” Safdar Fayyaz, Chief Manager Exports, Piano Exports FZCO, Pakistan, told China Economic Net (CEN) while attending the 134th China Import and Export Fair held in Guangzhou. The China Import and…
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PM to raise trade discrepancy issue | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s tax chief has requested the country’s prime minister to address the issue of an approximately $4 billion trade discrepancy with China. The incomplete provision of trade data has been causing losses in terms of revenue and precious foreign exchange. Chairman of the Federal Board of Revenue (FBR), Malik Amjad Zubair Tiwana, briefed…
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Turkiye eyes $5b trade in next two years | The Express Tribune
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[ad_1] KARACHI: Ambassador of Turkiye to Pakistan Dr Mehmet Pacaci has said that Pakistan and Turkiye can easily push bilateral trade to $5 billion in the next one to two years. However, in the long term, the bilateral trade could reach $20-25 billion, he anticipated. “We should make full use of mutually shared multilateral platforms…
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Unlocking Pakistan’s trade potential with Europe | The Express Tribune
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[ad_1] KARACHI: The European Union (EU), a conglomerate of 27 different countries, is the largest destination market for Pakistani exports. According to the trade statistics provided by the International Trade Centre’s Trademap.org, the EU imported more than $12 billion worth of goods from Pakistan in 2022. The EU provides Pakistani exporters with GSP (Generalised Scheme…
