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Pakistan

The government of Pakistan is a keen pursuer of bilateral trade and investment agreements. It has a full FTA with Sri Lanka (2005), a PTA with Iran (2004) and Mauritius (2007), Early Harvest Schemes with China (2005) and Malaysia (2007), and is part of both ECOTA and SAFTA. It is in various stages of FTA talks, or preparations for talks, with Brunei, Indonesia, Jordan, Thailand, Malaysia, Morocco, Singapore, the Gulf Cooperation Council, Canada, Switzerland, Indonesia, Nepal, China, Turkey and Russia (among others). In July 2006, it signed a Framework Agreement on Trade with Mercosur.

Negotiations on a US-Pakistan bilateral investment treaty, as a step towards a US-Pakistan FTA, have been quite controversial and are unconcluded. After talks restarted in mid-2010, a draft US-Pakistan BIT was sent for approval to Pakistan’s Cabinet in April 2012. The Pakistani government has already signed almost 50 BITs with other countries. In 2011 Germany ratified a BIT with Pakistan.

On a wider scale, there is talk of possible Pakistani FTAs with Afghanistan, Algeria, the EU, Japan, Laos, Mexico, New Zealand, South Africa and Tunisia.

last update: May 2012


Pakistan, Iran to discuss trade proposals today
A high level Iranian delegation is reaching Islamabad on a two day visit to attend Pak-Iran Joint Trade Committee and discuss three proposals for trade with Iran.
Free trade talks with Indonesia next month
Pakistan and Indonesia are set to hold talks over the conversion of Preferential Trade Agree­ment (PTA) to Free Trade Agreement (FTA) next month, as the respective ministries have started their homework in this regard.
IMF deal, CPFTA-II may hit manufacturing sector
The new tax measures being agreed with the International Monetary Fund (IMF) coupled with the negative impact of China-Pakistan Free Trade Agreement-II (CPFTA-II) are likely to hit the country’s already poorly performing manufacturing sector.
Rental power plant: Escrow account created to avert negative ruling
The Government of Pakistan has reportedly created an Escrow Account worth $ 150 million to avert a negative ruling by the international arbitration tribunal in case of M/s Kakey uriterium rental power plant
Pak-Brazil Free Trade Agreement to open hub for bilateral trade: Claudio Lins
Brazilian Ambassador to Pakistan said Pakistan and Brazil were working on free trade agreement which would turn the region into a hub for the Brazilian traders and investors.
FTA with China will be a challenge for industries: Dawood
The second phase of free trade agreement (FTA) with China was not going to be easy as no market research was conducted before finalising the agreement.
Pakistan for early convening of next TIFA round
Pakistan has sought an intensified engagement with the US in the economic and trade cooperation, emphasising the need for early convening of next round of Trade and Investment Framework Agreement (TIFA).
Rental power: Government in talks for out-of-court settlement
Pakistan government is reportedly in talks with the Turkish government and M/s Karkey for an out-of-court settlement to avert attachment of Pakistan’s properties in Europe
Pakistan not to ink FTA with Iran: Razak
Pakistan will not ink the FTA with Iran, rather it will first prefer to make Preferential Trade agreement (PTA), which is already effective since long and giving the required dividends.
Pakistan may not have to pay $1b Karkey penalty
The key suspect in the rental power plants case – Laeeq Ahmed Sheikh, who is in National Accountability Bureau’s (NAB) custody, has revealed some astonishing facts.

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  • Pakistan FTAs
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