The ministry of commerce on Friday said that India has violated article 7 of SAFTA (Trade Liberalization Programme), therefore, Pakistan has formally suspended imports and exports with India in last year.
The Government of Indonesia will soon resume trade negotiation with Pakistan on free trade agreement (FTA), which were suspended due to COVID-19.
The locals of Gwadar have little to show from the China-Pakistan Economic Corridor – except for broken promises.
Pakistan’s chances of having its $6 billion penalty in the Reko Diq case annulled have received a boost with a committee of the International Centre for Settlement of Investment Disputes (ICSID).
The Khhyber Pakhtunkhwa business community on Tuesday called for signing of a Pak-Afghan Free Trade Agreement (FTA) on the pattern of FTA inked with China.
Pakistan Ambassador to China has said that a number of mechanisms have been established to complete all projects under China-Pakistan Economic Corridor (CPEC) within the prescribed timeframe in order to achieve the desired goals.
SAPTA and SAFTA never took off is because all these countries were never able to focus on trade, keeping politics aside.
Speaking during Raisina Dialogue 2020 in January, Indian Naval Chief Admiral Karambir Singh claimed that the China-Pakistan Economic Corridor impinges on India’s sovereignty.
Pakistan’s Ambassador to China discussed some major developments and plans between the two countries, which included joint cooperation to combat locust plague, effect of China-Pakistan Free Trade Agreement and establishment of a meat cold chain.
Amid the coronavirus outbreak, activist from Gilgit-Baltistan has called on the international community to tell China to permanently discontinue mega projects ike the Belt and Road Initiative (BRI) and the China-Pakistan Economic Corridor (CPEC) as they have become "conduits for pandemics and not prosperity.
Pakistan is looking to step up its relations with Singapore in various fields with the possible signing of bilateral agreements and exchanging high level political visits between the two countries.
ICSID appointed a committee to consider Pakistan’s annulment application which is expected to reach a conclusion in the next one to two years.
Pakistan’s government targets raising the country’s textile and clothing exports from USD 13.5 billion in 2018 to USD 25 billion by 2025.
Turkey wants a sustainable and long-lasting free trade agreement (FTA) with Pakistan to have a win-win situation for both the countries.
Pakistan and Thailand will hold political consultations at the secretary level as well as organise meetings of the Joint Economic Commission to further bolster economic relations between the two nations.
Baloch political activists have alleged that the people in Balochistan are paying a heavy price for the multi-billion dollar China-Pakistan Economic Corridor (CPEC).
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 said said US should convene meeting of Trade and Investment Framework Agreement (TIFA) to move forward for result oriented progress.
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.
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.