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Pakistan


Amended FTA with China to be finalised in mid-Feb
In order to improve Pakistan-China trade relations, amendments to the FTA will be finalised in mid-February dialogue between the two sides
Pakistan, Iran to hold talks on FTA next month
Iran and Pakistan will hold further talks on Free Trade Agreement during second week of February 2019 focusing on finding out ways to resolve banking channel issues.
Pakistan makes final push for Reko Diq settlement
Pakistan is making a last-ditch effort for an out-of-court settlement in the Reko Diq mining case, wherein the complainant company whose contract was terminated is claiming $11.43 billion in damages in an international tribunal.
World Bank could hit Pakistan with $11 billion fine
Pakistan may have to pay a damages claim worth $11 billion after losing the infamous Reko Diq case to an Australian mining company.
Karkey case posing ”attachment” threat to assets abroad: Cabinet meets today
The federal cabinet is expected to approve supplementary grant of $ 1.37 million on to contest cases filed by M/s Karkey in courts of different countries as Pakistan’s assets abroad are facing "attachment" threat.
Call to make FTA beneficial for both Pakistan, Sri Lanka: HC
Sri Lanka and Pakistan have signed Free Trade Agreement (FTA) but some certain issues need to be resolved
Pakistan seeks to sign FTA with Latin America bloc
The External Relations Group of Mercosur will take up Pakistan’s request for signing a free trade agreement in early 2019
Pakistan’s overseas assets at risk after court verdict
Pakistan’s assets abroad are at risk of being taken over as a security to implement the international arbitration court’s ruling.
Pakistan wants to revisit 2005 FTA with Sri Lanka
Pakistan has said it wants to revisit the Free Trade Agreement signed with Sri Lanka in 2005.
PTA with Tunisia soon
Tunisia can be a gateway for Pakistani business community to the African countries, says Tunisian Ambassador
Indonesia to ratify Pakistan trade deal to protect palm oil exports
The Indonesian government will push ahead and ratify a trade deal with Pakistan to protect $1.5 billion in annual palm oil exports to the South Asia nation, a cabinet minister said.
‘Pakistan-Indonesia PTA could be upgraded to FTA’
Indonesia is expanding trade partnerships with different countries and economic blocs and a free trade agreement (FTA) with Pakistan is a part of the plans, said Indonesia Trade Minister Enggartiasto Lukita.
Pakistan, Saudi Arabia agree to negotiate FTA
Pakistan and Saudi Arabia agreed to negotiate a free trade agreement for trade liberalisation and increasing the volume between the two countries.
Pakistan, Turkey agreed to revive dialogue on Free Trade Agreement: FM Qureshi
Pakistan and Turkey have agreed to further bolster their trade, economic, investment and defense relations.
Pakistan seeks rejig of economic corridor, trade pact with China
Pakistan seeks to renegotiate FTA as well as China Pakistan Economic Corridor deals
Pakistan to evaluate trade policy on modern lines
Pakistan would evaluate its trade policy according to modern trends, and implement the strategic policy framework 2015/19 in letter and spirit to boost the country’s exports.
Pakistan suffers setback in Karkey case as stay order vacated
Due to the failure of the caretaker government to deposit Rs15 billion security guarantee, a stay order in favour of Pakistan on the execution of the $846 million arbitration cost awarded to the Turkish firm, Karkey Karadeniz Elektrik Uretim has been vacated.
Pakistan failed to sign any FTA’s in the last 5 years
Although the government of Pakistan Muslim League Nawaz (PML-N) started the negotiations on various trade agreements including the Free Trade Agreement (FTA) and Preferential Trade Agreement (PTA) with a number of countries, it could not conclude any such agreement in the past five years.
International arbitration treaty may be a trap for Pakistan
Pakistan may be at the risk of new investment arbitration lawsuits if it formally signs an international Energy Charter Treaty (ECT) under which powerful investors have already sued other states for $35 billion at various global tribunals.
Pakistan, Iran enter final phase of free trade agreement
Ministry of Commerce seeks comprehensive analysis of the agreement; invites request for proposal to conduct research study on Pak-Iran trade ties.