The chairman of the All Pakistan Textile Mills Association (APTMA), Punjab zone, Shafqat Elahi, has welcomed the ratification of SAFTA by the cabinet.
Commerce minister Humayun Akhtar Khan has assured that series of talks are underway and agreement between Pakistan and United States would soon be finalized to initiate free trade between the two countries.
Bangladesh and Pakistan are likely to begin negotiation on bilateral Free Trade Agreement (FTA) during a three-day visit of Pakistan Commerce Minister Humayun Akhtar Khan by the end of this month, sources said.
The proposed Pakistan-US Bilateral Investment Treaty expected to be signed during President Bush’s visit to Pakistan may increase direct US investment by 8 to 9 percent.
Dhaka and Islamabad are likely to start negotiation on bilateral free trade agreement (FTA) soon as Pakistan Commerce Minister Humayun Akhtar Khan visits Bangladesh by the end of this month.
The federal cabinet is expected to accord ex-post fecto approval to the signing of Framework Agreement between Pakistan and Indonesia on Comprehensive Economic Partnership (CEP) and its ratification on Thursday.
The signing of a Bilateral Investment Treaty (BIT) between Pakistan and the US, expected on the eve of visit of President Bush this weekend in Islamabad, has apparently been put off again as businessmen give no indication of firm answers from the US on objections raised by Pakistan on certain clauses.
US President George W. Bush said on Wednesday that a bilateral investment treaty that he is planning to sign during his visit to Islamabad will be the first step towards greater trade and commercial relations with Pakistan.
Pakistani Prime Minister Shaukat Aziz Wednesday approved negotiations on bilateral investment agreement between the governments of Pakistan and Kuwait.
Pakistan has ratified the much-trumpeted South Asia Free Trade Agreement (Safta), but trade between India and Pakistan will not be initiated under this agreement, instead it will continue under the existing import regime.
Bangladesh and Pakistan will soon start formal negotiations on bilateral free trade agreement (FTA) in a bid to sign the deal by next September, Foreign Minister M Morshed Khan said here yesterday.
The Pakistani cabinet approved a regional pact on Wednesday to promote free trade and economic ties in South Asia, home to nearly one-fifth of the world’s population.
Pakistan and Bangladesh signed four memoranda of understanding (MoUs) on trade, standardisation and quality control, agriculture and tourism on Monday.
Free Trade Agreement (FTA) initiatives with Pakistan, Australia and New Zealand are expected to be completed this year, Malaysia’s International Trade and Industry Minister Datuk Seri Rafidah Aziz said Tuesday. She also said that FTA negotiations with the US and India would also begin this year, followed by the launch of a joint feasibility study for a possible FTA between Malaysia and Chile.
Pakistan and Bangladesh have agreed to finalise bilateral free trade area (FTA) agreement within the shortest possible time, by September at the latest, to create scope for easy access of Bangladeshi products to Pakistani market as a measure for reducing the existing trade gap.
Prime Minister Shaukat Aziz on Monday proposed that Pakistan and Oman should sign Free Trade Agreement (FTA) to further expand their economic ties and this would be Pakistan’s first FTA with a Gulf Cooperation Council (GCC) country.
US President George W Bush has instructed Trade Representative Rob Portman to expedite the Free Trade Agreement (FTA) with Pakistan, Prime Minister Shaukat Aziz told newsmen on board a flight returning home after a weeklong visit to US.
The United States has dropped a threat to cut off trade benefits for Pakistan because of steps that country has made to crack down on the piracy of US music, movies and software, the US Trade Representative’s office said on Tuesday.
By having preferential access to the two major markets in South Asia - India and Pakistan - Sri Lanka can now position itself as the conduit for Indo-Pakistan trade that has diminished due to political problems centred around the Most Favoured Nation treatment.
Pakistan and United States on Friday concluded the fourth round of talks on the proposed Bilateral Investment Treaty (BIT), which remained inconclusive due to differences on some clauses of the agreement.