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Pakistan


China Pakistan FTA-2: a new regional hub for cotton garments In the offing?
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 seeks long-lasting FTA with Pakistan
Turkey wants a sustainable and long-lasting free trade agreement (FTA) with Pakistan to have a win-win situation for both the countries.
Thai firms explore investment avenues in Pakistan
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.
CPEC costs human life, resources in Balochistan: Activists at UN
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).
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.