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Pakistan


Efforts under way to get Reko Diq case penalty cancelled: AG Khalid Jawed Khan
Attorney General Khalid Jawed Khan has said that Pakistan’s foremost effort in the Reko Diq mining case is to secure annulment of the $5.9 billion penalty.
Pakistan seeks direct US market access
Pakistan said said US should convene meeting of Trade and Investment Framework Agreement (TIFA) to move forward for result oriented progress.
FTAs not benefitting Pakistan: FEBR
As none of the Free Trade Agreement has boosted exports from the country so far, the FEBR has recommended the government to review its trade and export policies with a keen focus on value-addition for a sustainable economic trajectory.
Pakistan, Turkey FTA talks in April, says Razak Dawood
The ice between Pakistan and Turkey on Free Trade Agreement has thawed and to this effect the commerce ministry will highlight the potential sectors on FTA in March and begin negotiating on the FTA in Ankara in April.
Pakistan and Morocco move forward on bilateral trade talks
Pakistan and Morocco have concluded their second round of bilateral talks, including discussions on enhancing trade ties.
Erdogan’s Pakistan visit ‘golden opportunity’ to boost trade ties
Turkish President Recep Tayyip Erdogan’s visit to Pakistan this week will not only help strengthen economic cooperation between the two countries but will also help boost bilateral trade
Pakistan aims to double trade with Africa in five years
Pakistan is already in touch SACU, ECOWAS and EAC to negotiate trade agreements and also plans to take advantage of the opportunities that exists under the African Continental Free Trade Agreement.
ICSID approves Pakistan’s review plea against $6bn Reko Diq fine
The World Bank’s International Center for Settlement of Investment Disputes has approved Pakistan’s petition for a review in the Reko Diq case in which the country was slapped with a $6 billion fine.
Pakistan waives off over $1.26mn duty on Turkish company Karkey
Pakistan approved waiving off all port dues/charges amounting to Rs194,951,059 on 31-1-2020 or till the vessels leave the port accruing against Karkey.
CPEC: the bigger picture
For China, the benefits of the BRI go beyond mere connectivity and trade to ratcheting up its regional and global clout. Capital, whether it takes the form of equity or credit, is a principal source of extending leverage over other nations.
Explained: Already low, how India-Pakistan trade nearly collapsed in 2019
Tensions between India and Pakistan in 2019 have reduced the already low volumes of trade between the two countries to near zero.
Pakistan moves US court to stop over $6bn fine in Reko Diq case
Pakistan has asked a US federal court to pause an Australian copper company’s bid to enforce a $6 billion arbitral award while it looks to have the award nixed.
‘Japan keen to boost bilateral trade with Pakistan’
Japan expressed its support for Pakistan’s efforts to stabilse the country’s fragile economy and also agreed to work together to further promote bilateral trade relations.
Sell more to China
The China Pakistan Free Trade Agreement (CPFTA-II) has immediately abolished tariffs for Pakistan on 313 products, while a total of 75% of the tariff lines will be liberalised over the next decade.
2nd phase of CPEC starts with establishment of SEZs in various parts of country
The second phase of the China Pakistan Economic Corridor (CPEC), a flagship project of Belt and Road Initiative has started with the establishment of special economic zones in various parts of the country.
Second phase of China, Pakistan FTA effective from today
The second phase of China Pakistan Free trade Agreement (CPFTA-II) has initiated from today January 1, 2020.
Negotiations on FTA between Pakistan, Thailand in final stage: Kamboh
Negotiations on FTA between Pakistan and Thailand are in final stage, however, Pakistani exports must prepare themselves right now to penetrate deep into the South East Asian markets through Thailand with full preparedness.
Trade, not aid, is the way to persuade Pakistan to buck China’s influence
As with many other countries, Pakistan’s FTA with China has had a devastating impact on its domestic SMEs. Beijing and Islamabad have a strategic partnership, but the Chinese remain cutthroat competitors in trade.
Tariff concessions under CPFTA from Jan 1
The Pakistan government has announced that tariff concessions on goods under the revised FTA with China will come into effect from Jan 1, 2020 after seven years of negotiations.
Pakistan, Qatar to sign trade pacts soon
Pakistan and Qatar have agreed in principle on a preferential trade agreement (PTA) and a free trade agreement (FTA) to enhance bilateral trade. The agreements will soon be signed after necessary formalities.