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Pakistan


Pakistan spends over Rs2b on legal expenses in Progas case
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 invites Pakistan for FTA-II talks in February
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.
Pakistan working towards FTA with Pacific South East nations
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.
Chile interested in joint partnerships with Pakistan
A Joint Feasibility Group will work to formalize the FTA within six months’ period.
Iran, Pakistan finalize draft of free trade agreement
Pakistan and Iran have finalized the draft of the much-awaited Free Trade Agreement and the expeditious resolution of banking channel issues.
What can we expect from the JCC?
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 gets stay on $800m Karkey penalty
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).
9th round of Pak, Thailand FTAs negotiation to be held on November 6-8
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, Tunisia to sign PTA for improving bilateral trade
Pakistan and Tunisia are negotiating for a preferential trade agreement to improve bilateral trade between the two countries.
Pakistan, EFTA states agree to explore trade opportunities
Special note was made of suggestions to increase bilateral trade and investment between the two parties.
Pak-Thailand FTA: Pakistan wants duties eased on 100 products
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.
BoI working on its own template for BIT
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.
Iran, Pakistan to finalize free trade deal by November
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, Vietnam to start FTA talks
Pakistan and Vietnam have agreed to share an initial list of products while kicking off negotiations on a free trade agreement.
Karkey Karadeniz case: In interest alone, govt owes $5.6m a month
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.
International litigator imposes $700m fine on Pakistan in rental power plants case
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 agrees to increase Pakistan exports
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 ready for free trade with regional countries: Official
Iran is ready to establish preferential tariffs and free trade with some regional countries, particularly Afghanistan, Pakistan and Oman.
Pakistan, China to hold 8th round of FTA talks next week
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.
FTAs, PTAs need to be revisited
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