The government has spent over Rs2 billion to win a case in the international court over the acquisition of assets of Progas Pakistan Limited company – worth Rs2.3 billion.
China wants no more damage to Pakistan in bilateral trade which is why the former has offered to re-initiate the stalled talks on Free Trade Agreement-II in February 2018.
Japan, Indonesia, Vietnam, the Philippines in the Pacific region are among the countries in the list to start a dialogue on Preferential Trade Agreement (PTA) which will pave the way towards FTA for promoting trade liberalization.
A Joint Feasibility Group will work to formalize the FTA within six months’ period.
Pakistan and Iran have finalized the draft of the much-awaited Free Trade Agreement and the expeditious resolution of banking channel issues.
The two-day Joint Cooperation Committee (JCC) meeting of the China-Pakistan Economic Corridor sets the stage for the second phase of the multibillion-dollar cooperation between the two nations.
Pakistan has successfully gotten a stay order from the International Centre for Settlement of Investment Disputes (ICSID) over the execution of an $800 million award to Karkey Karadeniz Elektrik Uretim (Karkey).
A Free Trade Agreement between Pakistan and Thailand will be signed on January 15 for focusing on enhancing the bilateral trade between the two countries, a top official of Ministry of Commerce said.
Pakistan and Tunisia are negotiating for a preferential trade agreement to improve bilateral trade between the two countries.
Special note was made of suggestions to increase bilateral trade and investment between the two parties.
A Free Trade Agreement between Pakistan and Thailand will be signed on January 15 for enhancing bilateral trade between the two countries, a top official of the Ministry of Commerce said.
The government of Pakistan would not be made liable for private investor disputes. Alternative dispute resolution mediation would be made compulsory, while foreign arbitrators would be decided in advance through consensus.
Pakistan and Iran have decided to strike a deal on trade despite slow or no progress regarding the implementation of a payment mechanism and the Iran-Pakistan gas pipeline project.
Pakistan and Vietnam have agreed to share an initial list of products while kicking off negotiations on a free trade agreement.
The International Centre for Settlement of Investment Disputes (ICSID) has not only imposed a hefty fine on Pakistan but also declared that the country will be paying $5.6 million as interest per month.
Financially-strapped Pakistan has been imposed with a staggering $700 million in a damages suit by the International Centre for Settlement of Investment Disputes (ICSID) regarding rental power plants case.
China has agreed to address the major concerns of Pakistan regarding preference erosion for Pakistani exports and meaningful market access during the 8th meeting of second phase of China-Pakistan Free Trade Agreement (FTA) held in Beijing.
Iran is ready to establish preferential tariffs and free trade with some regional countries, particularly Afghanistan, Pakistan and Oman.
Pakistan and China will hold the eighth round of their Free Trade Agreement talks in Beijing, with both sides having failed to strike an agreement over the second phase of duty reductions.
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) recommended the government to revisit and negotiate anew the existing Free Trade Agreements and Preferential Trade Agreements